SignalGeopolitics
Trump’s wealth dented after Democrats trounce Republicans in midterms
Democratic midterm wins dented Trump’s wealth, signaling political shift.
Context
What happened: Trump Media and Technology Group stock fell to its lowest price ever the day after Democrats beat Republicans in the midterm elections. The WLFI coin also declined.
Key numbers: Trump Media traded at just over $5 Tuesday morning, down from an all-time high of $101. It lost 11% overnight, dropping from $5.90. Trump reports owning 114m shares of DJT.
Why it matters: The article says tradeable assets that helped make Trump over $2bn during his first year in office are collapsing in value as his political fortunes fall.
Coverage: 11 outlets in 24h
What changed
Trump Media and Technology Group stock fell to its lowest price ever the day after Democrats beat Republicans in the midterm elections. The WLFI coin also declined.
Why it matters
The article says tradeable assets that helped make Trump over $2bn during his first year in office are collapsing in value as his political fortunes fall.