Donald Trump’s stake in Truth Social parent drops to $3B after shares continue to plummet

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Shares of Donald Trump’s media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion.

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Investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities.

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The declines are reducing a potential windfall for Trump who could sell his shares to raise money for his 2024 presidential campaign and legal expenses—

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—although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.

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