Reported about 1 month ago
Trump Media & Technology Group Corp. has seen its stock price plummet by 69%, reducing its market value from nearly $10 billion in May to below $3.4 billion. This decline follows a series of poor trading sessions and is expected to worsen with the impending expiration of the deal lockup on September 19, which may allow insiders to sell their shares. The company's financial struggles, including significant losses and low revenue, coupled with the political landscape, have contributed to the unfavorable market sentiment surrounding the stock.
Source: YAHOO