Trump Dropped from Bloomberg's Top 500 Billionaires List as Truth Social Stock Plunges from yumc stock price target Watch Video

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✓ Published: 12-Apr-2024
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Donald Trump was removed from Bloomberg's list of the top 500 billionaires after the stock price of his Truth Social platform plunged. On Tuesday, Trump was no longer on the billionaire list, which ranked people by net worth. Truth Social parent company stock fell over 12% on Friday and 8% on Monday. The stock with ticker \

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Shares of Trump Media dropped over 11% in early Monday trading following the company's filing to issue millions of additional shares of stock. The plunge came after the company filed plans to issue millions of additional shares of stock, which can dilute the value of existing shares. The stock drop came as Donald Trump, the majority stakeholder, headed to court for his criminal trial in New York. Shares had already fallen nearly 20% over the previous week.
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