New York Times, New York. Republican candidate Donald Trump, who is lagging behind Democratic candidate Kamala Harris in the US presidential election race, is facing not only political but also financial problems. The condition of his company’s shares is deteriorating.
The shares of former President Donald Trump’s social media company have fallen so much that his stake of six billion dollars at one time has now come down to about two billion dollars.
The stock price of Trump Media and Technology Group was around $ 17.40 per share in early trading on Wednesday. This share price was more than 70 percent below the price of March. In March, Trump’s company merged with another company, after which the share price reached its highest value.
Trump is the largest shareholder of this media company. He owns 11.5 crore shares. The decline in the share price has accelerated in the last few weeks. It is believed that this is happening due to the strengthening position of his rival Kamala Harris.