Trump Media & Technology Group's stock price fell from $66 after its stock market debut last month to $32 on Friday. Trump Media lost $58 million on revenue of $4 million last year, less than the average Chick-fil-A franchise, despite paying out millions in executive salaries, bonuses, and stock.
In two years, Truth Social has achieved only a tiny fraction of the traffic of other platforms, according to estimates from analytics firm Similarweb. The company has lost $3.5 billion in value since its stockMarket debut last year. The shares of Donald Trump's media company have fallen sharply. His fans blame “stock manipulation” by the Liberals – and speak of a test of faith. Many of Truth Social's investors say they're in it for the long haul. Todd Snaker, an interior designer at a West Palm Beach furniture store, said he has invested about $20,000 in total. Some accounts there have recently encouraged traders to invest further in what they say is a battle of "good versus evil." Some investors believe the recent share price drops were the result of "stock manipulation' resulting from an "organized effort" to make the company look bad. "It has to be political," he said, "the Liberals are trying to bring the company down.'" "Once we're all dead, this will last forever," Trump told Nunes in an interview last month. "I will never forget the conversation we had.'" "Once we're all dead, this will last forever," Trump told Nunes. "He said, 'You know, once we're all dead, this will Last forever.'" "Do you think we've hit bottom?" one investor asked.