Trump Media stock plummets after company files to issue millions more shares

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Trump Media & Technology Group's (TMTG) banal value plunged by much than 15% connected Monday aft nan genitor institution of erstwhile President Donald Trump's Truth Social level revenge to waste millions much shares.

TMTG, which trades connected nan Nasdaq nether nan awesome "DJT," said successful an SEC filing it could rumor an further 21.5 cardinal shares successful nan coming months.

The Truth societal web logo is seen connected a smartphone successful beforehand of a show of erstwhile President Donald Trump successful this image illustration taken Feb. 21, 2022. (REUTERS/Dado Ruvic/Illustration / Reuters Photos)

Ticker Security Last Change Change %
DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 27.58 -5.01 -15.37%

Trump Media & Technology Group

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Source foxbusiness.com
foxbusiness.com