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Eric Trump Has Lost $600 Million of Daddy’s Money Betting on Crypto
President Donald Trump’s son, Eric Trump, cofounded a crypto mining venture called American Bitcoin Corp last year — and it’s already in deep trouble. As the Bitcoin community reels from a major downturn — the digital currency has plummeted by over 40 percent year to date — the company’s shares have plummeted right along with it, crashing over a whopping 95 percent compared to their peak. On Wednesday, its stock price hit an all-time low of well under $6, down from a high of $140 last autumn. That means Eric Trump’s six percent stake in the company has lost more than $600 million in market value, per ... (full story)
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From finance.yahoo.com | 18 hr ago
One of Donald Trump's sons got ahead of reports that he lost the first family more than $600 million by posting a cloying online tribute to his father. "I am deeply honored that at 5:01 a.m., Trump Force One will be the first plane to land at the newly renamed Palm Beach International Airportnow and forever President Donald J. Trump International Airport," ...