Trump Media Shares Plummet Over 50% Since Launch

Shares in Trump's company Trump Media & Technology Group (TMTG), which owns Truth Social, have lost over half their value since going public in March.

TMTG shares hit a high of $71.9 shortly after launch but have since plummeted to $34.26 per share.

The share price decline has led to criticism and calls for investigation into potential securities fraud.

TMTG spokesperson Shannon Devine remains positive, highlighting the company's debt-free status and $200 million cash reserves.

Donald Trump has also expressed confidence in TMTG's financial position, citing $200 million in cash and no debt.