Trump Media Company Stock Drops Amid Questions Over Viability

Donald Trump's media company, DJT, has lost about 36% of its value since starting trading publicly on March 22nd. His stake is now worth around $2.8 billion.

The stock price has dropped from a high of $66 on March 27th to around $36 currently. But analysts say it's too early to draw conclusions as the stock is heavily shorted.

The company generates little revenue ($4.1 million last year) and no profit. Some investors bought shares to support Trump politically.

Trump himself can't sell shares until September due to a lockup agreement. The company already faces multiple legal claims.

DJT executives remain confident, noting the company now has over $200 million in the bank and no debt, presenting opportunities to expand the Truth Social platform.