The ongoing downturn in capital markets, precipitated by President Donald Trump’s tariff policies, has eroded a significant chunk of value from entities tied to the president himself.
What happened: Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT), co-founded and majority-owned by Trump, have shed 48% of their value since the presidential inauguration. The stock closed at a five-month low of $19.17 last week.
The decline has coincided with a broader stock market selloff, with blue-chip averages like the Dow Jones Industrial Average and the S&P 500, falling 3.7% and 5.3%, respectively, since Trump’s White House return.
However, these losses paled in …
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