{"id":136870,"date":"2024-09-06T19:00:30","date_gmt":"2024-09-06T16:00:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136870"},"modified":"2024-09-06T14:38:07","modified_gmt":"2024-09-06T11:38:07","slug":"trump-medias-stock-plummets-almost-70-wiping-out-billions","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trump-medias-stock-plummets-almost-70-wiping-out-billions\/","title":{"rendered":"Trump Media\u2019s Stock Plummets Almost 70%, Wiping Out Billions"},"content":{"rendered":"<p>The approaching end of the lockup period on September 19 is expected to drive prices even lower as insiders prepare to sell shares.<\/p>\n<p>DJT\u2019s 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\u2019s valuation, which <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/trump-media-s-69-plunge-wipes-out-billions-before-lockups-end\" target=\"_blank\" rel=\"nofollow\">reached<\/a><\/strong> $10 billion in May, has now fallen to under $3.4 billion.<\/p>\n<p>Compounding the issue, Trump\u2019s re-engagement with X (formerly Twitter) has overshadowed Truth Social, contributing to revenue struggles. Trump\u2019s personal fortune has also diminished, raising concerns about his future investment in the company.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/heres-how-cardanos-hard-fork-affects-governance-and-staking\/\" title=\"Here\u2019s How Cardano\u2019s Hard Fork Affects Governance and Staking\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-16-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s How Cardano\u2019s Hard Fork Affects Governance and Staking<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Trump Media\u2019s Q2 revenue fell by 30% to $836,900, accompanied by a $16.4 million loss, a slight improvement from the previous year\u2019s losses. Additionally, recent political developments and shifting market sentiments are impacting DJT\u2019s valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media &#038; Technology Group (DJT), which operates Truth Social, has seen its stock value drop dramatically by 69% since its debut in March.<\/p>\n","protected":false},"author":3,"featured_media":37522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Media\u2019s Stock Plummets Almost 70%, Wiping Out Billions<\/title>\n<meta name=\"description\" content=\"Trump Media &amp; Technology 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