The media had a lot of fun this week misinforming the public about President Donald John Trump’s fortune. CNBC, which bills itself as a business news channel, seemed genuinely happy that the share price of Trump’s publicly traded company fell.

CNBC told online readers, “The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023.

“Trump Media & Technology Group shares plunged by more than 25% around 1:08 p.m. ET before recovering slightly later in the day.

“Trump Media’s closing price was $48.66 per share, more than $30 lower than its high of $79.38 per share, which it hit last week on the heels of becoming publicly traded.