Trump Media’s Stock Plummets Almost 70%, Wiping Out Billions

Trump Media & Technology Group (DJT), which operates Truth Social, has seen its stock value drop dramatically by 69% since its debut in March.

The approaching end of the lockup period on September 19 is expected to drive prices even lower as insiders prepare to sell shares.

DJT’s significant value decline is linked to the expiration of its lockup period, which typically leads to increased share supply and a drop in prices. The company’s valuation, which reached $10 billion in May, has now fallen to under $3.4 billion.

Compounding the issue, Trump’s re-engagement with X (formerly Twitter) has overshadowed Truth Social, contributing to revenue struggles. Trump’s personal fortune has also diminished, raising concerns about his future investment in the company.

READ MORE:

Here’s How Cardano’s Hard Fork Affects Governance and Staking

Trump Media’s Q2 revenue fell by 30% to $836,900, accompanied by a $16.4 million loss, a slight improvement from the previous year’s losses. Additionally, recent political developments and shifting market sentiments are impacting DJT’s valuation.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.