--- title: "Trump’s “Truth Social” Stock Has Crashed So Hard It’s Worth Less Than Half of What It Was Two Weeks Ago" description: "Shares of Trump Media are hovering just above $30, well below half of what they were worth around the time of the merger." date: "2024-04-12" modified: "2024-04-12" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/truth-social-stock-worth-half" categories: - "Future Society" tags: - "donald trump" - "the digest" - "trump media" --- # Trump’s “Truth Social” Stock Has Crashed So Hard It’s Worth Less Than Half of What It Was Two Weeks Ago ![Shares of Trump Media are hovering just above $30, well below half of what they were worth around the time of the merger.]() *\Image: Jabin Botsford/The Washington Post via Getty Images\* ## What Comes Up Former president Donald Trump's big bet on the stock market is still in freefall. Even weeks after Truth Social owner Trump Media & Technology Group (TMTG) merged with a blank check acquisition company, effectively allowing the far-right social media platform to be publicly traded, shares are still plummeting. Shares are now hovering just above $32 — below half of what they were worth a mere two weeks ago, in the immediate aftermath of the merger when they experienced a brief spike. That means eager early investors have lost half their money — while the company's executives are [lining their pockets and laughing all the way to the bank](). ## Stock Marks To be clear, analysts [fully expected the shoe to drop]() as TMTG shares soared following the merger. Given the cratering shares, the value of Trump's [personal stake of 78.8 million shares]() has dropped, wiping out [over a billion dollars of his net worth](). The reason for the latest precipitous drop could have something to do with the inner turmoil rocking Trump Media. On Thursday, [news emerged]() that Patric Orlando, the former CEO of Digital World Acquisition, the blank check company that merged with TMTG last month, is suing his successor, alleging that he hacked him and staged an "audacious scheme to seize control." Earlier this week, two Florida brothers also [pleaded guilty]() to being involved in a $23 million insider-trading scheme leading up to TMTG's merger. In short, it's no wonder that analysts have long advised investors to stay away from Trump's meme stock based on that chaos alone. Documents have already revealed that Truth Social made a [measly $4.1 million in revenue]() for all of 2023, despite having lost more than $58 million over the same period. Other experts have accused Trump of [running a get-rich-quick scheme](), with the company's executives lining their pockets while fans foolhardy enough to invest saw their holdings wiped out. In other words, Trump is still having the last laugh for the time being. **More on the merger:** *[Trump Is Making a Fortune Off His "Truth Social" Disaster While Investors Are Losing Their Shirts]()* ## 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]()