Trump Media Stock Plummets 60% Since Going Public as Legal Woes Mount for Namesake

• Trump Media stock plunged 18.3% on Monday, continuing a steep decline since the company went public last month • The drop came as Trump Media filed to register 21.4 million new shares, which could dilute value for current shareholders • The stock is down 60% from its peak after Trump Media merged with a SPAC to go public in March • The plunge coincided with the first day of former President Trump's criminal trial related to hush money payments • Trump Media warned controversies tied to Trump could "adversely affect" the company's operations given his majority stake