[Trump Media Investors May Have Lost Over $2.2 Billion, Trump's Shares Still Worth $460 Million] BlockBeats reported on November 8th, citing Reuters, that its estimates, based on company filings and court records, suggest that outside investors in Trump Media & Technology Group (DJT) have lost a combined total of over $2.2 billion. This calculation compares the issuance and sale prices of various batches of shares with the current market price, adjusts for the impact of share buybacks, and uses a market capitalization approach rather than calculating realized losses for each investor. Trump Media has objected to this calculation method, claiming it distorts facts, market dynamics, and company filings, but has not specified the flaws in the methodology. General Counsel Scott Glabe stated that millions of shares are traded daily on the open market, making it impossible to know whether each seller ultimately profits or loses. Reuters reports that the methodology was reviewed by three finance professors and is considered a common way to assess investment gains and losses. Trump's 114.75 million shares of Trump Media stock are still worth approximately $460 million. These shares were acquired in 2024 when the company completed its SPAC merger with Digital World Acquisition, without cash payment. The holding had a book value exceeding $6 billion when the stock price was near its peak. Operationsally, Trump Media's annual revenue has remained relatively stable at around $4 million for the past three years. Its social media business has yet to show significant growth, and the declining value of crypto assets has also put pressure on the company. Regulatory filings show that the company invested over $200 million in its Truth Social streaming service, but from its launch in August 2024 to the end of June 2026, the service only generated approximately $630,000 in revenue. Furthermore, the company purchased Bitcoin near its price peak, after which it experienced a significant decline. Reuters interviewed more than ten Trump Media shareholders. One investor who invested 20% of his net worth in the stock provided account information showing an 88.5% loss. Since the midterm elections, the company's stock price has fallen by 32%. Trump Media emphasized that the company has built a strong balance sheet and is focused on creating shareholder value, including moving forward with its proposed merger with nuclear fusion company TAE Technologies. [Original Link]