New York CNN —
Truth Social owner Trump Media & Technology Group has gone ice-cold.
The conservative social media company has lost nearly half its market value since May 30. Trump Media’s volatile share price (DJT) tumbled another 14% on Thursday, leaving it down by a staggering 48% in the span of just three weeks.
The severe selloff has erased nearly $3 billion from the estimated net worth of former President Donald Trump, the controversial company’s leading shareholder and chairman.
The weeks-long selloff accelerated in recent days as Trump Media announced it received approval
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