Trump loses $2.4 billion in net worth after his social media stock implodes right before the election | CNN Business

Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth.

After an absurd spike over the past five weeks that was based entirely on Trump’s perceived reelection prospects — and had nothing to do with the company’s actual business — Trump’s social media stock has tanked. It has now lost about 41% of its value in just three days.

Truth Social owner Trump Media & Technology Group’s share price plunged another 13% on Friday after tumbling 12% Thursday and 22% Wednesday —

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