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WEKU
WEKU
Business
Rafael Nam

Trump's Truth Social shares are plunging again, erasing billions of dollars in value

Truth Social Donald J Trump, Jr Trump Media Trump Media & Technology Group (
Shares of Trump Media & Technology Group, the company behind social media platform Truth Social, plunged for a second consecutive day on Monday. (Scott Olson/Getty Images)

About two weeks since its meteoric debut, shares of Truth Social are slumping, wiping out billions of dollars in value in former President's Trump's stake.

Shares of Trump Media & Technology Group — the company behind Truth Social — lost 8% on Monday after already losing 12% on Friday.

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