{"id":2337442,"date":"2024-09-05T17:37:01","date_gmt":"2024-09-05T21:37:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-stock-plummets-as-date-for-him-to-cash-out-nears-washington-examiner\/"},"modified":"2024-09-05T17:38:56","modified_gmt":"2024-09-05T21:38:56","slug":"trump-media-stock-plummets-as-date-for-him-to-cash-out-nears-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-stock-plummets-as-date-for-him-to-cash-out-nears-washington-examiner\/","title":{"rendered":"Trump Media stock plummets as date for him to cash out nears &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-media-stock-plummets-as-date-for-him-to-cash-out-nears-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2337442&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-times-issues-multiple-corrections-for-article-falsely-claiming-900000-u-s-children-have-been-hospitalized-for-covid-19-during-pandemic\/\" title=\"New York Times Issues Multiple Corrections For Article Falsely Claiming 900,000 U.S. Children Have Been Hospitalized For COVID-19 During Pandemic\">article discusses<\/a> the decline of Trump \u2064Media&#8217;s\u2064 stock value as the deadline approaches for \u2062former President Donald\u200d Trump to cash out on his shares. As Trump \u2063faces\u200b challenges in\u200c regaining a lead over Democrats in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/impossible-to-pinpoint-why-2020-polls-were-the-least-accurate-in-decades-report-finds\/\" title=\"\u2018Impossible\u2019 To Pinpoint Why 2020 Polls Were The Least Accurate In Decades, Report Finds\">presidential polls<\/a>, the performance of his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intent-matters-nyts-baquet-walks-back-policy-on-racial-slurs\/\" title=\"\u2018Intent Matters\u2019: NYT\u2019s Baquet Walks Back Policy on Racial Slurs\">media company&#8217;<\/a>s stock has been suffering. On a recent \u200cWednesday, the stock was reported to have \u2064closed at $16, indicating significant \u2062downward movement in its value.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump Media stock plummets as date for him to cash out nears<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1736992\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>As former President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title>Donald Trump<\/a> struggles to regain his early lead over Democrats in presidential <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/polls\/\" target=\"_blank\" rel=\"noopener\" title>polls<\/a>, his Trump Media <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/stock-market\/\" target=\"_blank\" rel=\"noopener\" title>stock<\/a> is plummeting.&nbsp;<\/p>\n<div class=\"article-paywall\">\n<p>On Wednesday, Trump Media stock closed at $16.98. Its value is now down by more than 74% compared to when it merged with Digital World Acquisition in March.&nbsp;<\/p>\n<p>Trump owns 115 million shares in Trump Media, which equates to roughly 60% of the stake. At one point, his stake was valued at $6 billion, but now it&rsquo;s worth about $2 billion.<\/p>\n<p>This comes as Vice President Kamala Harris has risen in popularity in the polls and overcome Trump&rsquo;s lead in swing states.&nbsp;<\/p>\n<p>Trump is also weeks away from being granted the ability to sell his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-tom-malinowski-faces-questions-regarding-his-stock-trading\/\" title=\"Rep. Tom Malinowski faces questions regarding his stock trading\">stock shares<\/a> on Sept. 19. However, selling the stock could cause a greater loss to its value.&nbsp;<\/p>\n<p><a href=\"http:\/\/washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong><\/strong><\/a><\/p>\n<p>Trump Media is the parent company of Trump&rsquo;s company, Truth Social. Back in 2021, Trump Media went public with plans to merge with Digital World Acquisition. Investors began purchasing shares of Digital World in January in anticipation of the merger being finalized when they reached their height of $90 per share.<\/p>\n<p>Upon the merger&rsquo;s competition after March 25, Digital World Acquisition&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-truth-social-approved-on-google-play-store-after-months-of-deliberations\/\" title=\"Trump\u2019s Truth Social Approved on Google Play Store After Months of Deliberations\">shares peaked<\/a> at $66. Its stocks are still trading at a high valuation despite Trump Media losing tens of millions of dollars each quarter.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1736992\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1736992\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media&#8217;s stock has significantly dropped as the date approaches for former President Donald Trump to sell his shares. As he faces challenges in regaining his lead over Democrats in presidential polls, the stock closed at $16.98 on Wednesday, reflecting a decline of over 74% since its merger with Digital World Acquisition in March. Trump holds 115 million shares, representing about 60% of the company, which was once valued at $6 billion but is now worth approximately $2 billion. This decline coincides with Vice President Kamala Harris gaining popularity and surpassing Trump&#8217;s lead in key swing states. Trump will be able to sell his shares starting September 19, but doing so may further decrease their value. Trump Media is the parent company of Truth Social and went public with plans to merge with Digital World Acquisition back in 2021. Investors initially bought shares anticipating the merger&#8217;s completion, driving prices up to $90 per share before peaking at $66 after the merger was finalized on March 25; however, despite ongoing losses amounting to tens of millions each quarter for Trump Media, stocks are still trading at relatively high valuations<\/p>\n","protected":false},"author":2542,"featured_media":2337443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/trumpsocialmedia.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[36435,6478,35133,3634,40233],"class_list":["post-2337442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-financial-news","tag-investing","tag-stock-market","tag-trump","tag-trump-media"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/trumpsocialmedia.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2337442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2337442"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2337442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2337443"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2337442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2337442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2337442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}