Trump Media Company Announces Large Stock Offering, Share Price Plunges

• Trump Media & Technology Group’s stock plunged over 15% after announcing a large new stock offering of 21.5 million shares, which would dilute existing shareholders • The new shares would increase the total publicly available stock by over 15%, substantially reducing the value of current shareholders' stakes • Trump's personal stake in the company has dropped from a peak of $5.2 billion to about $2.3 billion as the stock price declined over 60% from its high • The company is losing money rapidly, generating little revenue, and says it has substantial doubt about its ability to continue operating • The stock offering raises money the company says it needs, but upsets shareholders as it devalues their holdings