"Trump Media's Stock Plummets Amid Controversy and Criticism"

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Source: Yahoo Finance
"Trump Media's Stock Plummets Amid Controversy and Criticism"
Photo: Yahoo Finance
TL;DR

Former president Donald Trump's Truth Social's stock price has plummeted, with shares of Trump Media & Technology Group (TMTG) falling nearly nine percent in a single day and almost 25 percent in the last five days. Despite major losses and a dubious financial outlook, Trump remains committed to using Truth Social. Analysts have long predicted this outcome, citing a lack of revenue growth and dubbing TMTG shares as "grossly overvalued." The company's financial troubles are compounded by a $23 million insider-trading scheme, allegations of reliance on emergency loans from a Russian-American businessman under criminal investigation, and a market capitalization that far exceeds its revenues. Investors are advised to steer clear of the company.

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