Trump's Media Empire Falters as Share Price Plummets

• Trump Media shares have plunged over 50% since late March, wiping billions off valuation • Price drop erased Trump's spot on Bloomberg Billionaires Index of world's 500 richest • Trump's stake was worth $6B but is now around $3B based on stock fluctuations • Trump Media merged with shell company Digital World Acquisition Corp. in March • Despite $5B valuation, firm lost $58M in 2021 and auditors warned of going concern risk