Trump Media Sheds $3 Billion in Value as X Return Adds to Issues
- Former president back on X to promote campaign, talk with Musk
- Parent of Truth Social has slumped 40% over the past month
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Donald Trump’s appearance on X Monday was the latest headwind for his own, competing social-media platform, adding to a swoon that’s wiped out $3 billion in market value in the last month.
Trump Media & Technology Group Corp. has struggled with mounting losses and stagnant user numbers, sending the shares down 40% since July 15. They now trade just 6% above the lowest close since the company went public through a blank-check merger in March.