Overview

• Truth Social's stock price plummeted more than $23, dropping to $45.87 after a recent merger.
• Donald Trump faces legal challenges, including a defamation lawsuit and a civil fraud case, adding to the company's woes.
• Insider trading charges have been filed against individuals involved with the merger, further complicating the situation.
• Billionaire investor Barry Diller criticized the investment in Truth Social as a 'scam', reflecting skepticism about the company's valuation.
• Despite the challenges, Trump defends Truth Social's performance, citing his influence on the platform.