Marjorie Taylor Greene's Troubling Stock Performance in Trump Media
Tuesday, 13 August 2024, 08:36
Overview of Marjorie Taylor Greene's Stock Investments
Despite many members of Congress profiting from stock trades, Marjorie Taylor Greene is facing severe losses. Her $50,000 investment in Digital World Acquisition Corp. (DWAC) has seen a decline of up to 79.06%, largely attributed to Trump Media's poor quarterly earnings.
Investment Details
- DWAC shares purchased at $118.80, now valued around $24.88.
- Trump Media reported a loss of $16.4 million in Q2 and revenue of only $836,900.
- Stock valuation reached the lowest since its IPO following negative news and legal expenses.
Other Ailing Investments
- CrowdStrike (CRWD): 34% loss since purchase.
- Dell (DELL): 20.50% decrease in stock value.
- Intel (INTC): 87.37% decline after restructuring and workforce reduction.
In summary, while Greene's recent stock purchases were aimed at generating profits, they have instead contributed to what seems to be one of the weakest investment portfolios in Congress.
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.