Trump Media shares end week down nearly 20%, losing billions in market cap

The price of Trump Media closed trading Friday down nearly 20% for the week.

The price of Trump Media closed trading Friday down nearly 20% for the week.

DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a slight gain by the end of the day.

Shares closed up 18 cents at $32.59, an increase of around .5%.

That closing price was more than $38 lower than what its shares first sold for when the social media company began public trading on March 26.

Shares of Trump Media, which owns the Truth Social app, have dropped by 47.4% so far in April, wiping out billions of dollars in the company’s market capitalization.

https://www.nbcnews.com/business/markets/trump-media-shares-end-week-down-nearly-20-percent-losing-billions-rcna147654

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