Trump Media Company Plunges Over 50% as Turmoil Mounts

Trump Media & Technology Group (TMTG) shares have plummeted over 50% in just 2 weeks since the company went public via a SPAC merger
TMTG shares are now hovering around $32, after briefly spiking above $90 following the merger
The value of Trump's personal 78.8 million share stake has dropped by over $1 billion due to the share price decline
There is inner turmoil at TMTG, with lawsuits alleging hacking and an insider trading scheme related to the merger
TMTG had just $4.1 million in revenue in 2021 despite losing over $58 million, raising concerns over the company's viability