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Trump's social media stock tumbles, erasing early gains
Stock in the parent company of former president Donald Trump's social media platform sank on Monday, after the company reported losing $58 million last year. That erased last week's market gains.
Michael M. Santiago/Getty Images Stock in the parent company of former president Donald Trump's social media platform fell sharply on Monday, erasing last week's market gains and shaving more than a billion dollars off the value of Trump's stake. The stock jumped more than 30% in its first two days on the market, making Trump's shares worth more than $5.2 billion. The stock fell more than 6% last Thursday and another 21% on Monday, reducing the value of the former president's stake to $3.8 billion.
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