Donald Trump's Media Stock Plummets, Company Reveals $58 Million Loss | Firstpost America

Donald Trump's Media Stock Plummets, Company Reveals $58 Million Loss | Firstpost America

Trump's media stock is tumbling and the Republican presidential candidate is losing money when he needs it the most. On Monday, shares of Donald Trump's social media company, Trump Media and Technology Group, fell by 20% in less than a week after it began trading publicly. Trump's media company reported that it had lost nearly $60 million last year. The plunge caused the former US President's net worth to shrink by $1 billion. Why is Trump's media stock falling after it started trading with a bang? Why are some experts calling it a "meme stock" mania? Why isthe Truth Social shrinking? Our next report gets you the latest on Donald Trump's troubles as he races against Joe Biden for another term at the White House.

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