Trump Media Stock Plummets, Losing Over Half Its Value Since Public Debut

Shares of Trump Media & Technology Group have seen a dramatic decline, impacting investor confidence and the former President's net worth.

Trump Media's stock has dropped significantly, trading below $31, a steep fall from its initial peak of nearly $80.
The company, behind Truth Social, faces financial instability with a reported $58 million loss in 2023.
Investors are increasingly cautious, leading to a reduced cost for short selling the stock.
Legal challenges and ongoing trials for Donald Trump add to the uncertainties surrounding his business ventures.
Despite the stock's poor performance, Trump continues efforts to boost support for Truth Social amidst market volatility.