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Trump Media shares dropped more than 10% in early trading Monday, putting its market capitalization to just below $5 billion.
DJT‘s plunge followed a 12% decline in its share price on Friday.
Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.
Its share price as of 2:36 p.m. ET Monday was $36.24 per share, a 10.72 decrease for the day.
Trump Media’s market cap, stood at $4.9 billion at that point, about $3.5 billion or so lower than what it reached at its peak trading price right after it became a publicly held company.
Trump personally owns 78.75 million shares of its stock, which was worth about $2.85 billion. Trump stands to receive another 36 million shares of DJT if the stock hit certain share price benchmarks over the next three years.
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