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Donald Trump has lost $4 billion in wealth amid bumpy ride for Trump Media & Technology Group
A slide in the market value of Trump Media has shaved billions in market value from the company behind Truth Social.
A months-long slump has lopped more than 70% from the stock's valuation since its late March peak, with the shares hitting a new low on Wednesday. The company has gained a following among Trump's supporters, typically retail investors who have flocked to groups on Truth Social to express concern about the declining share price and blame short sellers for the stock's swoon. Truth Social might have a core base of Trump fans, but that hasn't yet translated into either profits or growing revenue.
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