The memecoin Trump Coin (TRUMP) and shares of Trump Media fell amid a public confrontation between billionaire Elon Musk and US President Donald Trump, The Wall Street Journal reports, UNN writes.
Details
On Thursday, the publication notes, not only investments related to Elon Musk suffered.
Shares of Trump Media & Technology Group, the parent company of Truth Social, a controlling stake in which is owned by the US President, fell 8% on Thursday, continuing the fall, amid Trump and Musk arguing online during the day.
Meanwhile, Trump Coin, a memecoin backed by the US president, fell 12% in daily trading.
Addition
On Thursday, June 5, shares of Tesla fell by 150 billion dollars due to a public dispute between US President Donald Trump and billionaire, CEO of the electric car manufacturer Elon Musk.
The wealth of billionaire Elon Musk decreased by $34 billion in one day - Bloomberg 06.06.25, 11:50