Trump's TMTG Stock: What You Need to Know
Current Value and Performance
As of today, Trump Media & Technology Group (TMTG) stock is trading at $18.98 per share, down significantly from its peak of $175 in October 2021.
Shares have lost over 80% of their value since going public through a SPAC merger in February 2022.
Trump's Stake and Personal Finances
Former President Trump owns approximately 59% of TMTG's outstanding shares.
Despite the stock's recent decline, Trump's stake is still worth hundreds of millions of dollars.
Trump also reportedly holds a stake in Broadcom (AVGO), which has performed well in recent years.
Reasons for the Decline
The decline in TMTG's stock price has been attributed to several factors, including:
- Poor financial performance
- Competition from established social media platforms
- Negative publicity surrounding the former president
Future Prospects
The future of TMTG's stock is uncertain.
To succeed, the company will need to attract users, generate revenue, and address regulatory challenges.
However, the company has yet to demonstrate a clear path to profitability.
Additional Information
For more information on TMTG's stock performance, visit:
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