Trump Media Stock Plummets, Wiping Billions from Trump's Net Worth

Donald Trump's media company suffers a massive stock drop, raising questions about its valuation and ties to the upcoming election.

Trump Media & Technology Group, owner of Truth Social, saw its stock price drop by over 20% in a single day, marking its worst trading day since going public.
The stock's value had surged in recent weeks, driven by speculation over Trump's election chances, before the sudden decline erased billions from Trump's net worth.
Trading of DJT stock was halted multiple times due to volatility, as investors reacted to the dramatic shifts in the company's stock price.
Analysts are puzzled by the company's high valuation given its low revenue and user base compared to competitors like Elon Musk's X.
Despite the stock's volatility, Trump, who owns a majority stake, has vowed not to sell his shares, aligning the stock's fate closely with his political prospects.