Trump Media Company Stock Plummets, Cutting Trump's Stake in Half

Trump Media & Technology Group (TMTG) stock has fallen 50% from its peak since starting to trade publicly on March 26
The drop has cut the value of Trump's majority stake in TMTG from $5.2 billion to about $2.6 billion
TMTG disclosed 2023 financials showing low revenue and losses over $15 million
IAC chairman Barry Diller called TMTG a "scam" and investors "dopes"
TMTG says it has over $200 million cash on hand and support from retail investors for its mission to end Big Tech's "assault on free speech"