"Trump Media Stock Plummets 18% Amid Plans for Massive Share Issuance"

Trump Media & Technology Group (DJT) stock plummeted 18% after filing to issue over 21 million shares, following last week's 20% drop due to heavy losses and risks associated with Trump's ties to the platform. The company reported sales of $4 million with net losses nearing $60 million for the year ending Dec. 31, warning of continued losses as it aims to expand its user base and attract advertisers. Truth Social, founded by Donald Trump after being banned from major social media platforms, has accumulated about 9 million users, but the company's success is heavily reliant on Trump's reputation and popularity.