Trump Media Stock Price Down 70% From March Peak

Published On Sep 4, 2024, 9:46 AM

Shares of Trump Media & Technology Group, the company behind Truth Social, have plunged by over 74% since peaking in March 2024, now trading at $16.98. This decline is linked to decreasing investor confidence in former President Trump's presidential campaign prospects and the upcoming expiration of a lockup period on selling shares on September 19. The company is experiencing significant financial losses and low advertising revenues, contributing to skepticism about its valuation which remains high despite these challenges.