Trump 's " Truth Social " Stock Has Crashed So Hard It's Worth Less Than Half of What It Was Two Weeks AgoFormer president Donald Trump 's big bet on the stock market is still in freefall.
Even weeks after Truth Social owner Trump Media & Technology Group merged with a blank check acquisition company, effectively allowing the far-right social media platform to be publicly traded, shares are still plummeting. Shares are now hovering just above $32 — below half of what they were worth a mere two weeks ago, in the immediate aftermath of the merger when they experienced a brief spike.
The reason for the latest precipitous drop could have something to do with the inner turmoil rocking Trump Media. On Thursday,that Patric Orlando, the former CEO of Digital World Acquisition, the blank check company that merged with TMTG last month, is suing his successor, alleging that he hacked him and staged an "audacious scheme to seize control."In short, it's no wonder that analysts have long advised investors to stay away from Trump's meme stock based on that chaos alone.
Trump Truth Social Stock Market Value Shares Decrease Internal Conflicts
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