Trump Media shares erase 2024 gains

Published On Sep 4, 2024, 5:22 PM

Shares of Trump Media have experienced a significant drop, erasing all gains made in 2024. They fell more than 6% to below $17, having experienced a peak earlier in the year. This decline coincides with recent selling pressure and precedes a period when key investors, including Trump, can start selling their shares. Despite being seen as a 'meme stock', its financial health is under scrutiny due to diminishing revenues and mounting losses, with analysts advising caution to investors.