"Trump Media Stock Plummets Amid Share Issuance and Declining Performance"

Trump Media's stock plunged 18.3% after the company filed to register millions of additional shares, wiping hundreds of millions of dollars from its value and erasing 60% of its initial valuation. The drop came as the company proposed to release 21.4 million shares of common stock, leading to concerns about devaluing existing shareholders' stock. This decline coincided with the start of Donald Trump's criminal trial, where he faces 34 felony counts, although the share price fall is not directly related to the trial. Trump Media merged with Digital World Acquisition Corp to go public in March, but its share value has since plummeted, with shares now selling for less than half their opening day value.