"Trump's Truth Social Venture Sends Stock Plummeting, Wiping Out Billions"

TL;DR Summary
The value of Donald Trump's company, Trump Media & Technology Group (TMTG), has declined by more than half since going public, with each share now worth $34.26, down from the opening price of $70. The decline has led to concerns and a petition calling for an investigation into potential securities fraud. Despite this, a TMTG spokesperson remains optimistic, citing the company's lack of debt and over $200 million in the bank, while Trump himself expressed confidence in the company's financial stability.
- Donald Trump's Stock Has Lost More Than Half Its Value Since Going Public Newsweek
- Trump Media shares close down more than 8%, putting market cap under $5 billion CNBC
- Truth Social Losses Deal Humiliating Blow to Trump's Biggest Brag The New Republic
- DJT Stock Edges Down. Trump’s Stake in Truth Social Parent Takes a Further Hit. Barron's
- Donald Trump booted from prestigious list of billionaires after Truth Social parent's swan dive Fortune
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