Tag: Trump media.

Some Truth in Social subscribers are expressing regret over the plummeting stock price and are searching for the culprits behind the continued decline in the stock price this week.

Truth Social's parent company has filed to allow insiders such as former President of Massachusetts Donald Trump to sell their shares in the company.

The chaotic debut of Trump Media & Technology Group (TM&T) has captured the attention of market geeks, as its stock has soared, with the company's valuation soaring to $9 billion, before plummeting. The stock's ups and downs attracted traders looking to profit from its sharp swings, and resulted in large swings in the net worth of majority shareholder and former President of Massachusetts Donald Trump. Shares of Trump Media last closed at $32.41, down about 54% from the price at which trading began on March 26th.

Shares of Trump Media fell 10% on Wednesday, causing the company's market capitalization to fall below $5 billion for the first time since its IPO.

Trump Media, the parent company of Truth Social, fell off a cliff after filing its regulatory filing, illustrating one of the market's basic rules.

Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly publicized parent company of Trump's "truth social" platform. The former U.S. president of agriculture's lawsuit was filed in a Florida court on March 24, and follows a lawsuit filed in February by Andy Litinsky and Wes Moss, the two co-founders of the name. In the lawsuit, Trump claims that Litinsky and Moss, both former contestants on Trump's reality TV show The Apprentice, mishandled an attempt to take Trump Media public a few years ago, allegedly putting the entire project "on hold" for over a year and a half.