Trump Media Stock Slumps as Early Fervor in Truth Social Owner Fades. This is the sad state of affairs for those who have invested in the platform, as interest seems to be waning among supporters of former President Trump.

As a supporter of former President Donald J. Trump, it is concerning to see the stock of Trump Media & Technology Group drop by over 20% in value, resulting in a $2 billion loss. Despite the initial high valuation of $10 billion, the company only generated $4.1 million in revenue last year and recorded a $58 million loss. All revenue comes from advertising on Truth Social, where Trump shares controversial content such as a video depicting a hogtied President Biden. Trump Media is the most shorted stock on Wall Street, indicating high volatility in the market. The company’s board has not relaxed the provision preventing Trump from selling his shares, making it unlikely for him to use them to pay for a $175 million bond in connection with a civil fraud penalty. Trump, while not on the board, holds a controlling stake in the company, which has a code of ethics restricting political activities by board members and employees.

– Trump Media & Technology Group’s stock value dropped by over 20% resulting in a $2 billion loss
– Company generated only $4.1 million in revenue last year and recorded a $58 million loss
– Revenue comes solely from advertising on Truth Social, where controversial content is shared
– Trump Media is the most shorted stock on Wall Street, indicating high volatility
– Board has not relaxed provision preventing Trump from selling shares
– Unlikely for Trump to use shares to pay $175 million bond for civil fraud penalty
– Trump controls the company despite not being on the board
– Code of ethics restricts political activities by board members and employees



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