"Trump Media Stock Plummets Amidst Scam Allegations and Investor Concerns"

Trump Media & Technology Group stock dropped over 10% to a new low, reaching its lowest point since its debut as a publicly traded company, following a more than $2 billion drop from its first trading day. The company, behind former President Donald Trump’s social media platform Truth Social, reported significant financial struggles, including a loss from operations of almost $16 million and interest expense of $39.4 million, while bringing in just $4.1 million in revenue, leading to doubts about its ability to sustain operations. Trump owns 57.3% of Trump Media shares.