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Trump’s media company loses a third of value after initial surge in trading
Stock has become actively shorted as traders are betting on company’s fall, and the ex-president’s stake is now valued at $3bn
Donald Trump’s media and technology group, DJT, has lost about 36% of its value since it began publicly trading on 22 March, dropping the former president’s stake to about $2.8bn.
As of Monday afternoon, DJT stock was priced at about $36 – down from a high of $66 seen on 27 March. But market analysts are saying it’s too soon to draw any firm conclusions from the depreciation because the stock has become one of the most actively shorted on the Nasdaq exchange – meaning traders have been betting that it will fall.
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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
CVC shares jump in trading debut after long-awaited IPO
Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetiteFinancial Times - Business -
Trump Media asks lawmakers to investigate "unlawful trading activity"
Trump Media CEO Devin Nunes is asking four House committees to investigate possible "naked" short selling in the company's shares.CBS News - Top stories - Donald Trump -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
U.S. loses $30 million Reaper drone in Yemen
A U.S. MQ-9 Reaper has crashed in Yemen. It may be the third $30 million drone shot down by the Houthis since November.CBS News - Top stories -
L'Occitane Owner Offers Buyout That Values Company at €6 Billion
The Luxembourg-based and Hong Kong-listed cosmetics company said that the offer from L’Occitane Groupe, Geiger’s holding company, to buy the remaining shares would cost €1.7 billion.The Wall Street Journal - Business -
TikTok Star Is Killed in Third Death of Social Media Influencer in Iraq
The shooting of Ghufran Mahdi Sawadi, known online as Um Fahad, comes amid tightening laws and increasingly conservative attitudes in the country.The New York Times - World - Tiktok -
TikTok Star Is Killed in Third Death of Social Media Influencer in Iraq
The shooting of Ghufran Mahdi Sawadi, known online as Um Fahad, comes amid tightening laws and increasingly conservative attitudes in the country.The New York Times - Top stories - Tiktok -
Study finds electric vehicles lose value more quickly than gasoline-powered cars
In what could be a troubling sign for the electric vehicle market, a recent study found that prices of used EVs dropped far more than comparably aged gas-powered vehicles. NBC News' Christine Romans reports.NBC News - Top stories -
Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.CNBC - Business - Donald Trump
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