Trump Media Hits Record Low as it Faces Steep Decline in Recent Months

Trump Media Hits Record Low as it Faces Steep Decline in Recent Months

According to reports, the price of a share in the company, traded under the ticket 'DJT,' has plummeted to $39.31 per share.

This is a stark contrast to its early maximum value of around $80 a share.

It's worth noting that the share price is still higher than when it dipped to $22.84 on April 17, the lowest it had been since January 16.

Trump's media company, known as the Trump Media and Technology Group, manages the Truth Social platform.

This social media site, mainly used by Trump himself, allows him to make stream-of-consciousness posts called "Truths." However, despite recent attempts to rally the stock price, experts believe that the current valuation makes little sense.

Notably, the company generated a mere $4 million in revenues last year and faced a loss of $330 million in just the first three months of this year.

It's clear that the company and those associated with it are facing significant challenges.

We will continue to bring you updates on this ongoing story, on Fan Reviews News.