Shares of Trump Media (Nasdaq:DJT) have plunged over 80% since their public debut through a SPAC, reflecting the deepening concerns about insider sales and overall valuation.
Just six months ago, Trump Media’s valuation was approximately $10 billion, but it has now drastically fallen to around $2.5 billion, demonstrating the volatility and risk associated with SPAC mergers.
The potential for early investors of Trump Media to sell their holdings looms large as the company continues to face financial exhaustion, with shares falling an additional 10% on Monday.
Companies like 23andMe and BuzzFeed also illustrate the broader trend of SPACs struggling post-merger, raising caution among investors regarding the sustainability of such ventures.
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