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Trump Media’s stock price has fallen, and outside investors and MAGA supporters have collectively lost more than US$2.2 billion. However, Trump still owns approximately US$458 million worth of shares without money, which has aroused dissatisfaction and doubt among investors.
When Skee Jourgenske voted out for the third time in a rowtrump At that time, for him this election was also about the profit and loss of investment.
Now 52 years old, livestexas Jason Jacensky of Austin has invested 20% of his personal net worth in Trump Media Technology Group (TMTG, hereinafter referred to as Trump Media), and is confident that Trump will make a fortune after entering the White House for a second time.
Now, his investment position is down 88.5%, according to statements from Charles Schwab shown to Reuters by Jesensky, but he requested that specific losses not be disclosed. Reuters estimates that Jesensky and other outside investors in Trump Media have lost more than $2.2 billion combined. “It’s really disappointing,” he said. “It’s really hard to see that kind of decline in the stock price.”
Trump Media’s social media business continues to burn money, but it is difficult to attract new customers. The value of cryptocurrency investments also declined, causing stock prices to fall. As stock prices hit record lows, even the most staunch Trump media stock supporters admitted to Reuters they were losing hope.
Unlike previous US presidents, Trump and his family are trying to convert political loyalty into financial gain. While promoting stock and cryptocurrency investment projects, they appeal to investors to support the “Make America Great Again” (MAGA) movement. Trump has put his name on a social media company, a meme coin and several cryptocurrency tokens.
Reuters previously reported that investors in four major Trump-backed cryptocurrency investment schemes, including Trump’s personal meme coin, the Trump family’s cryptocurrency trading platform World Liberty Financial, bitcoin miner American Bitcoin and blockchain company AI Financial, have lost a total of US$2.3 billion through April this year due to the falling price of their digital tokens.
Today, Trump Media shareholders are facing a similar painful reality. Some people still strongly support Trump, while others are beginning to wonder whether the political movement they originally supported with their votes and savings has left them behind.
Investors continued to suffer losses as Trump’s approval ratings fell to record lows and Democrats won control of the House and Senate in the March 3 midterm elections. A joint Reuters/Ipsos poll found that a majority of Americans believe Trump’s business interests, including cryptocurrency and real estate, have influenced his decision-making since returning to the White House. Nearly half of Republicans surveyed held the same view, while 69% of independents thought so.
Securities filings reveal that, like the Trump family’s recent real estate deals and four major cryptocurrency ventures backed by the First Family, the Trump family acquired equity interests in Trump Media without investing almost any of their own money.
Although retail investors suffered losses, the 114.75 million shares of Trump Media owned by Trump himself are still worth about US$458 million, based on the closing price of US$3.99 per share on the 6th. When Trump Media merged with the special purpose acquisition company (SPAC) Digital World Acquisition in 2024, Trump acquired these shares without paying any cash. When Trump Media’s stock price was near its high point, the book value of Trump’s holdings exceeded $6 billion.
Reuters interviewed more than a dozen Trump Media shareholders and found that all but one Canadian resident had voted for Trump three times. He said he was shocked by Trump’s experience investing in media stocks.
The respondents included a truck driver in Washington state, a retired police officer in Oklahoma and an employee of a flooring company in Michigan. Like Jesensky, all of the shareholders interviewed said they believe Truth Social will become one of the world’s leading media and streaming platforms.
Hugh Barron, a 63-year-old retiree from California, ran a small business and also worked at the supermarket chain Trader Joe’s. He said he bought more than 1,000 shares of Trump Media stock, with some purchase prices as high as $53.54 per share, representing an 88.5% decline in his current shareholding.
Shareholder Jason Skie said he still supports President Trump, but hopes the Trump family will do more for investors. He believes that company insiders make a lot of money, which is unfair to ordinary investors.
Jesensky said: “The Trump family keeps saying they care about everyone, but in my opinion, they already have a lot of money, but they keep making more money. What about us little people?”
