"Trump's Truth Social Stake Plummets to $3B as Shares Continue to Plummet"

Shares of Donald Trump's media and technology firm, Trump Media & Technology Group, have plummeted, reducing the value of his stake in the operator of Truth Social to $2.9 billion from around $6 billion last month. The company's stock closed 8.4% lower at $37.17 on Monday, down about 40% so far in April, following the disclosure of millions of dollars in losses earlier this month. The declines are reducing a potential windfall for Trump, who could sell his shares to raise money for his 2024 presidential campaign and legal expenses, although lock-up restrictions for six months could prevent him from doing so. Short-sellers have made about $16 million in market-to-market profits from the stock's decline, but are still down 69% for the year.