Marjorie Taylor Greene's Troubling Investment in Trump Media Leads to Significant Losses

Tuesday, 13 August 2024, 08:36

Republican Congresswoman Marjorie Taylor Greene has seen a staggering loss of nearly 80% on her investment in Trump Media. Purchased shortly after a merger announcement, her stake in Digital World Acquisition Corp. has plummeted from an initial valuation of $50,000. Despite many lawmakers profiting from their stock trades, Greene's portfolio reflects a troubling trend, with other stocks, including CrowdStrike and Intel, also underperforming significantly. The declines are attributed to disappointing earnings reports and broader market trends affecting tech stocks.
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Marjorie Taylor Greene's Troubling Investment in Trump Media Leads to Significant Losses

Marjorie Taylor Greene's Investment Woes

Despite many members of Congress profiting from stock trades, Republican Congresswoman Marjorie Taylor Greene is not among them. Greene purchased shares in Digital World Acquisition Corp. (DWAC) on October 22, 2021, soon after the merger announcement, for an investment of $50,000. Since then, the stock price has dropped significantly, with recent valuations showing a loss of up to 79.06%.

What Caused the Stock Decline?

The drop in DJT stock can be traced back to Trump Media's dismal Q2 earnings report, revealing a loss of $16.4 million primarily due to legal expenses. Revenue figures were particularly low at just $836,900, undermining the company's market capitalization of $4.7 billion.

Broader Losses in Greene's Portfolio

Greene's financial difficulties extend beyond Trump Media. Her investments in stocks like CrowdStrike (CRWD), which she purchased for $15,000, have also suffered, losing 34% of their value. Similarly, her acquisition of Dell (NYSE: DELL) stock for $15,000 has seen a 20.50% decline. The largest casualty of her portfolio is the Intel (INTC) stock, purchased for $15,000, which has plummeted by 87.37%.

Conclusion

Overall, Greene's investment history highlights considerable struggles, suggesting either poor timing or misjudged market conditions. This has positioned her among the weaker performers in Congress regarding stock investments.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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