Trump Media Shares Plummet, Prompting Legal and Financial Repercussions

Shares of Trump Media have dropped significantly, affecting the company's market valuation and sparking legal challenges from former executives.

Trump Media's share price has fallen sharply, with the company's market capitalization now below $5 billion.
The drop in share value has led to legal actions by former executives seeking to sell their shares ahead of a six-month lockup period.
Financial analysts criticize the company's valuation, noting a significant discrepancy between its revenue and market price.
Trump Media, owning the Truth Social platform, reported a revenue of $4.1 million and a net loss of $58 million in 2023.
The company's financial instability is compounded by Donald Trump's legal challenges and the potential impact on his political ambitions.