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Trump's media company tumbles in stock market
Less than a week after its public debut, shares of Trump Media tumbled after reports of huge losses.
Shares of Donald Trump's social media company fell by more than 20% on Monday, less than a week after it began publicly trading under the DJT ticker. But experts had warned the stock was bound to tumble, as its main product - Truth Social - loses users and burns cash. Truth Social has claimed it has about 8.9 million sign-ups, but it has declined to share the commonly disclosed performance metrics that could give shareholders a better sense of its operations.
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