Shares of Trump Media & Technology Group, the company behind former President Donald Trump’s Truth Social, neared their lowest level since debuting on the Nasdaq in March, following Trump’s return to rival social media platform X.
The company’s stock fell more than 3% to $24.01 at market open on Tuesday, trading at its lowest level since mid-April. Shares were already trending downwards after Trump Media reported a $16.4 million net loss in the second quarter and a 30% drop in revenues.
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