The share price of Trump Media, whose majority shareholder is former President Donald #Trump, fell Tuesday to the lowest level seen since the Truth Social parent company began public trading in March following a merger. DJT shares dropped to $17.89 per share around midday Tuesday, The stock’s prior low was set on Aug. 28, when it hit $19.38 per share. The stock price is down roughly 77% from its high of $79.38 per share on March 26, following Trump Media’s merger with a publicly traded special purpose acquisition company. Trump Media’s latest drop comes just weeks before Trump, who owns almost 59% of DJT’s outstanding shares, and other company executives can cash in on the falling stock. Trump’s stake was worth over $2 billion as of Tuesday. If Trump does take the payday, investors’ doubts about the company could intensify, potentially triggering a broader selloff of the stock — Rebecca Picciotto #quotes #quote#DJT#Nasdaq#Selloff#Stocks
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Donald Trump has said on cryptocurrency: "we don't do it, China's going to do it. Or other people are going to do it. And we can't be left behind. And crypto is right in that sphere and it is a form of currency.”