More bad news for Donald Trump as his onetime stake in Trump Media ($6 billion) has tanked by more than two-thirds. From the New York Times:
The stock price of Trump Media & Technology Group, at about $17.40 a share in early trading on Wednesday, is down more than 70 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.
Mr. Trump is the single largest shareholder of Trump Media, the parent company of Truth Social, owning 115 million shares — a roughly 60 percent stake.
Shares of Trump Media often have risen and fallen in tandem with investor perception of how Mr. Trump is doing in the presidential race.
It’s worth noting that Trump has been precluded from selling any of his shares before September 19. 
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