Reported 14 days ago
Shares of Trump Media (Nasdaq:DJT) have hit a new low, falling 10% to $12.15 amid concerns over insider sales, resulting in a total decline of about 80% since their public debut. The company's valuation has plummeted from $10 billion to approximately $2.5 billion in just six months, intensifying scrutiny on SPACs, as several have recently faced significant losses or bankruptcies. Although SPAC IPOs accounted for 39% of total IPOs in 2024, their popularity has waned due to high-profile failures and new SEC rules aimed at enhancing investor protections.
Source: YAHOO