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Stock plunge wipes out Trump Media’s extraordinary market gains

www.theguardian.com 04-09-2024 08:37 0.5 Minutes reading

Truth Social shares closed below $17 on Wednesday, reversing all gains since the company’s rapid rise from January

Donald Trump’s tiny social media empire has seen its extraordinary stock market rally wiped out by a steep sell-off.

Shares in Trump Media & Technology Group, owner of Truth Social, closed below $17 on Wednesday, reversing all their gains since the company’s rapid rise took hold in January.

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Rolls-Royce Motor Cars has said it will invest £300m in expanding its Goodwood factory in West Sussex to meet the growing demand for bespoke upgrades, after the luxury carmaker recorded its third-highest annual sales in 2024.

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