Trump's Social Media Company Faces Steep Losses and Uncertainty

Donald Trump himself is taking the biggest hit, having already lost $2 billion from his 58.1% stake in the company

Shares have plummeted 38% from their high on March 27, erasing $3.5 billion in wealth

The company reported losing $21.9 million in 2021 and auditors raised doubts about its ability to continue operating

Short sellers are betting against the stock but borrowing shares to short is extremely expensive

Aside from Trump, former CEO Eric Swider is the second largest shareholder but has "only" lost $4.2 million