Trump Media’s inexplicable ascent came crashing down on Monday, as shares of the social media firm plunged more than 21 percent, knocking roughly $ 1 billion off formerDespite the precipitous drop, his 57 percent stake in the business is still worth over $3 billion.
Trump Media’s main product is Truth Social, a rival to X, the Elon Musk-owned platform formerly known as Twitter.