Trump Media Shares Plunge Over 50% as Company's Future Uncertain

• Trump Media & Technology Group shares have fallen over 50% since peaking after the company's Nasdaq debut in late March

• The company, which owns the social media platform Truth Social, is now valued at under $5 billion, down from over $9 billion

• Trump Media disclosed mounting losses in a recent filing, while its accountant warned of doubts about its ability to continue operations

• The stock has mostly attracted supporters of former President Trump and retail investors, not major institutional investors

• The company says it has over $200 million in cash and no debt, and sees possibilities for expanding Truth Social