Trump Media shares plummet on the stock market

The market value of Trump Media Technology Group Corp. has fallen sharply, dropping more than 47% since its IPO on March 22, 2024.

Analysts are uncertain as to the interpretation of this drop, as this stock is among the most undervalued on the Nasdaq.

Investors seem to be betting on a further decline in the stock’s value.

Despite the difficulties, some investors persist in backing Trump and Trump Media.

Their investment shows their support for the former president.

Let’s not forget that Trump is facing legal restrictions with an agreement preventing him from selling his shares before September. He’s also embroiled in lawsuits, being sued by two former The Apprentice contestants, also co-founders of Truth Social, claiming their shares have been unfairly diluted.

Trump himself has filed a lawsuit against Truth Social’s co-founders, blaming a mismanagement of the media company and an alleged ineffective launch carried out by them.

Trump faces 88 criminal charges, including handling classified documents, election interference and paying bribes.

This uncertain situation is certainly affecting the sentiment of many investors.