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Latin Times

National

Maryam Khanum

Trump Can Finally Sell His Millions of Shares in Trump Media. One Problem: The Company's Value Just Hit a New Low

Trump Media Donald Trump MLK DJT Truth Social

Donald Trump during his first in-studio appearance on Fox News' Gutfield! on September 18, 2024. (Credit: YouTube)

On the first day that its biggest shareholder, former President Donald Trump, is able to sell his stake in Trump Media & Technology Group (TMTG), shares of the company have dropped to the lowest level they've ever been.

The company is now valued at less than $3 billion after shares slumped by 7%, to $13.73. In July, shares dropped 58% of their value when Vice President Kamala Harris became the Democratic presidential nominee, replacing President Joe Biden.

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