Former President Donald Trump's social media stock, owned by Trump Media & Technology Group, experienced a significant setback on Wednesday, with a 22.3% plunge in share price. This drop marks the company's worst one-day loss since going public in March, surpassing a previous loss of 21.5% in April.
At the close of trading on Tuesday, Trump's stake in the company was valued at approximately $5.9 billion. However, by the end of Wednesday's trading session, the value of his shares had fallen to $4.6 billion, resulting in a staggering $1.3 billion loss in net worth in just one day.
