November 5, 2024

Brighton Journal

Complete News World

Donald Trump’s Social Truth Company Shares Close at New Low

Donald Trump’s Social Truth Company Shares Close at New Low

Shares of the parent company of Donald Trump’s social media platform Truth Social hit a new low on the first day of the Democratic National Convention.

Trump Media and Technology Group shares closed at $22.24 on Monday, down 3.56% from their previous close and the lowest closing price since the company went public in March. The previous low was $22.84 on April 16, the second day of Trump’s criminal trial in New York where a jury convicted him of 34 counts of falsifying business records.

Trump Media Inc. shares, which trade under the ticker DJT, have been on a near-constant slide since mid-July. The new decline comes as Trump’s campaign struggles to find its footing against Democratic vice presidential nominee Kamala Harris. Earlier this month, the company reported a loss of more than $16 million and revenue of less than $1 million in its fiscal second quarter.