Trump Media falls more than 11% as it intensifies broader

Actions of Trump Media More than 10% fell in the intradic negotiation on Monday, accelerating the downward slide from the president Donald Trump He assumed the position.

The company behind the preferred social media application of Trump Truth Social was quoted below $ 20 per share around 3:00 pm et, about 50% of its closing price on January 20, the day Trump swore.

The mass sale on Monday put Trump Media on rhythm for its worst day since January 21, when DJT shares withdrew from Buy frenzy That preceded the inauguration of the Republican President.

Since then, the company has suffered a seven -week losing streak.

But Trump Media is not the only Main indices Last week he intensified.

Losses harm other media companies with market capitalizations much larger than Trump’s media, such as RedditThat was in pace for its worst day.

Trump Media reported last month Lose $ 400 million In 2024, while receiving $ 3.6 million in income.

The company debuted at Nasdaq in March 2024 after going over through a long fusion with a special purpose acquisition company. The fusion sent to the actions of DJT on the rise, since the company attracted thousands of investors who sought to support the then candidate for Trump, the majority owner.

More than a month after winning the presidential elections of November 4 against the former vice president Kamala HarrisTrump He transferred his entire stake – 114,750,000 actions – to a revocable trust.

A Trump Media spokeswoman did not immediately respond to the request for comments from CNBC on the movements of actions on Monday.

– The report was provided by the report.