Truth Social shares hit grim milestone as price sinks again
Raw StoryShare prices for the Trump Media and Technology Group Corporation sank yet again on Friday, marking the fifth straight day this week that the value of former President Donald Trump's social media venture has continued to slide. CNBC reports that shares in Trump Media dipped below $30 on Friday, a grim milestone for the company that signals it has lost more than half of its market cap since the company went public. And in just the last week, shares in the Truth Social parent company have fallen by nearly 25 percent, erasing billions of dollars off what was once a market cap north of $7 billion. "I am so proud of Truth Social, because I believe it represents the Make America Great Again Movement, and it shows the Spirit and Love of our Country," wrote the former president, who goes on trial Monday for allegedly falsifying business records to cover up hush-money payments to an adult film star.