Overview

• Trump Media stock fell nearly 10% on Tuesday, continuing its downward trend since Trump's conviction.
• The SEC declared effective Trump Media's registration of additional shares, leading to potential equity dilution.
• The company's stock has dropped about 40% since the May 30 conviction of Donald Trump on 34 felony counts.
• Trump Media reported a net loss of $327.6 million in the first quarter of 2024.
• Truth Social has struggled to maintain its user base, further impacting investor confidence.