Trump Media Stock Plummets Following Return to X
Trump's reappearance on Elon Musk's platform raises investor concerns about Truth Social's viability.
- Shares of Trump Media & Technology Group neared record lows after Trump's return to X.
- The company's stock has lost more than half its value since going public in March.
- Trump's decision to use X over Truth Social highlights the latter's limited audience reach.
- Analysts express doubts about Truth Social's future profitability and market position.
- Trump Media reported a significant quarterly loss, with revenues down 30% year-over-year.