Reported 8 months ago
Trump Media & Technology Group's DJT stock plummeted after regulators approved its registration statement, allowing investors to exercise warrants and issue extra shares, potentially diluting share value. The social media company, including Truth Social, saw a 48% drop in stock price since Trump's guilty verdict. With Trump's paper wealth decreasing to $3 billion from over $5 billion, and the stock trading under the ticker symbol 'DJT,' the company faces volatility and challenges in competing with major social media platforms.
Source: YAHOO