"Trump Media's Stock Plunge Wipes Out Billions in Value"
Shares of Trump Media & Technology Group (DJT) have plummeted, wiping out all gains since its debut in March, with the stock falling from a high of $80 per share to approximately $37 per share. The company's 2023 annual report revealed $58 million in losses and only $4 million in revenue, leading to concerns about its viability as a business. The stock's performance is seen as a speculative play on the outcome of the 2024 election, with potential implications for the company's main property, the Truth Social Network. The limited availability of shares for short selling has also contributed to unusual trading dynamics, with the possibility of a short squeeze and increased volatility in the future.