"Trump's Stock Woes: Truth Social's Humiliating Blow and Impending Implosion"

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Source: CNN
"Trump's Stock Woes: Truth Social's Humiliating Blow and Impending Implosion"
Photo: CNN
TL;DR Summary

Shares of Trump Media & Technology Group, the owner of Truth Social, have been plummeting, with the share price dropping 5% on Friday and experiencing a seventh losing day out of the past eight. Investors who bought the stock at its peak have lost more than half of their money, impacting former President Donald Trump's net worth. Despite the steep losses, the company remains up more than 74% on the year when factoring in gains from the blank-check company it merged with. However, experts have raised concerns about the company's valuation, with some labeling it a "scam" and criticizing its financial performance.

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