Trump Media Shares Plummet to New Lows as Key Sale Date Approaches

The stock's decline erases 2024 gains, impacting Trump's net worth and raising investor concerns.

Trump Media shares have fallen over 75% from their March peak, closing below $17.
The company's market value has dropped significantly, with Trump's stake now worth about $2 billion.
Investors are wary ahead of the September 19 lock-up expiration, which allows early investors to sell shares.
Analysts attribute the stock's volatility to its meme-stock behavior and Trump's political fortunes.
Truth Social's revenue and user growth remain stagnant, further pressuring the stock.