Wed Mar 12 14:00:00 UTC 2025: ## Trump Media Stock Plummets 50% Since Inauguration
**New York, NY –** Shares of Trump Media, the parent company of Truth Social, plunged over 11% on Monday, marking its worst day since January 21st and extending a seven-week losing streak. The stock closed at $19.92, a 50% drop from its January 20th closing price, the day President Trump took office. This dramatic fall comes amidst broader market volatility that impacted major indexes and other media companies, including Reddit.
The downturn follows Trump Media’s recent financial report revealing a $400 million loss in 2024, against $3.6 million in revenue. The company, which went public via a SPAC merger in March 2024, initially saw a surge in investor interest fueled by support for then-candidate Trump. However, after transferring his entire stake to a revocable trust over a month after his election victory, the stock has consistently declined. A Trump Media spokeswoman has yet to comment on the significant drop.
First Piper 