Trump Media's Stock Plummets Despite Electoral Victory

Investors are dismayed as Truth Social's parent company faces financial turmoil and leadership exits.

Trump Media & Technology Group's stock has dropped significantly post-election, falling from a peak of $51.51 per share in late October to $29.87 by mid-November.
The company's financial struggles are highlighted by a $363 million loss and only $2.6 million in revenue over the first three quarters of the year.
Despite Trump's re-election, the platform faces an 'identity crisis' as his return to mainstream social media diminishes the need for Truth Social.
Key executives, including CFO Phillip Juhan and director Eric Swider, have sold substantial shares, raising concerns among investors.
Trump Media is reportedly exploring new ventures, including potential entry into the cryptocurrency market, to revitalize its business model.