Home Business Donald Trump's company won on the first day

Donald Trump's company won on the first day

by endroar

Yesterday, the price of shares of Trump's company rose to 79.38 dollars. As a result, the market capitalization of the company increased to 10 billion or 1 billion dollars. However, in the first 9 months of 2023, the operating loss of Trump's company was 1 million 6 million dollars. At this time, his revenue was only 34 million dollars. As a result, people involved in the market think that it is very unusual for such a company's share price to increase by 59 percent on the first day of its debut in the stock market and its market capitalization to exceed 1 billion dollars.

Yesterday, however, at the end of the day, the share price of Trump's company fell. It eventually settled on a 16 percent markup; The market capitalization stands at 8 billion dollars.

Donald Trump's stake in the merged company TMTG is about 59 percent. As a result, the latest market value of Trump's shares stood at 6 billion dollars. But Trump is barred from selling shares and borrowing against them for the next six months. As a result, it is not possible for Trump to pay the fine by selling shares.

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