--- title: "Trump Loses $4 Billion as Truth Social Stock Crashes" description: "The value of Donald Trump's Truth Social meme stock has wiped out $4 billion in value of Trump's enormous 114.75 million share stake." date: "2024-09-09" modified: "2024-09-09" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/trump-loses-4-billion-truth-social-stock-crashes" categories: - "Future Society" tags: - "donald trump" - "the digest" - "truth social" --- # Trump Loses $4 Billion as Truth Social Stock Crashes ![The value of Donald Trump's Truth Social meme stock has wiped out $4 billion in value of Trump's enormous 114.75 million share stake.]() *\Image: Spencer Platt/Getty Images\* ## Wipe House The value of former president Donald Trump's Truth Social meme stock has cratered — in a drop that's wiped out a [whopping $4 billion]() of Trump's personal 114.75 million share stake before he's even free to sell the dodgy stock. Shares of Trump Media & Technology Group [hit an all-time low last week](), dropping below $18. That's a tiny fraction of what they were worth after the company merged with a blank check acquisition company in March, when they initially spiked to nearly $70 per share. In just ten days, Trump will have a big decision to make. September 19 marks the end of a six-month lockup period, which means he'll be free to sell off his stake, which could bludgeon the value of the already-eviscerated stock even further. But whether Trump will sell remains unclear. Now that TMTG shares have sunk to all-time lows, it's not exactly a lucrative time to get out. Besides, selling would almost certainly crash the stock even further. At the same time, whether the company will ever manage to recover from the last couple of weeks is anything but certain, meaning that Trump may be out to sell regardless, leaving his loyal investors to suffer the consequences. ## Take a Hint The company's recent slide was expedited by a number of executives [selling off millions of dollars worth of shares](), including CEO Devin Nunes, COO Andrew Northwall, and CFO and treasurer Phillip Juhan. Despite its much lowered stock price, the company's multibillion-dollar valuation is still astronomically overvalued. The company has yet to find a viable business plan and is bleeding money at an alarming rate, raking in a mere $4.1 million in revenue last year while [losing a staggering $58 million]() over the same period. Trump himself has [picked up posting on competitor X-formerly-Twitter again](), leaving his degree of commitment to the project hazy. The company is also embroiled in [several lawsuits](), including one filed by two former "The Apprentice" contestants, who argue they're entitled to far more Trump Media shares. Analysts are unsure what to expect when it comes to predicting the former president's next move. "Investors are probably looking for a hint," University of Cambridge accounting professor Alan Jagolinzer [told the *New York Times*](). "I might expect to see him say he is going to sell over a specific time period, so the market is aware of it and the market can adjust." Many of the company's investors, among them some of the staunchest MAGA supporters out there, are adamant that Trump wouldn't just turn his back on them — despite a calamitous six-month run on the stock market. "He has no reason to sell, because he doesn’t need the money," one particularly gullible investor and self-described day trader told the *NYT*. "I don’t think he’s that stupid to hurt his loyal base of supporters." **More on Truth Social:** *[Truth Social Hits All-Time Low as CEO Sells His Crashing Stock]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()