Trump Media’s Shares Fall to Record Low After Midterms
The New York Times reports that Trump Media & Technology Group's shares plunged 24 percent to a record-low $4.49 after the midterms, leaving the stock down more than 90 percent since its March 2024 debut and Donald Trump's stake at just over $500 million, down from roughly $6 billion. Chad Nedohin, once one of the company's biggest online proponents, says he feels betrayed by its moves into Bitcoin and the proposed merger with TAE Technologies, which shareholders vote on Dec. 14 and which is all but certain to pass.
