Retail investors who bet on Trump Media & Technology Group as a play on Donald Trump’s return to power have absorbed an estimated $2.2 billion in losses, according to a Reuters analysis, as the company’s struggling social media business and falling crypto holdings drive shares to record lows.
Reuters
6 min read
A man looks at this phone as a screen displays trading information about shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York City, U.S., March 26, 2024. (Reuters)
Source: Emirates 24|7