Truth Social's Stock Plummets Amid Legal and Financial Turmoil

The stock price of Donald Trump's Truth Social has seen a significant drop following a merger, amidst a flurry of legal challenges and disappointing financial reports.

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.