Trump Media Shares Slump as Early Fervor Fades

The sell-off cut the market value of Trump Media & Technology Group, which trades under the ticker “DJT,” by some $2 billion, to about $6.5 billion. Still, shares of Trump Media were higher than they were immediately before the firm merged with a public shell company on Tuesday and began trading on the Nasdaq. Trump Media stands out on Wall Street as the market’s most “shorted” stock — shares that investors bet will fall. Mr. Trump, who served as chairman of Trump Media before the merger with the shell company, is not an officer or director of the company now. The post Trump Media Shares Slump as Early Fervor Fades appeared first on New York Times.