Smalltime investors in Trumps Truth Social reckon with stock collapse Yahoo Life

Image for article Smalltime investors in Trumps Truth Social reckon with stock collapse  Yahoo Life
News Source : The Washington Post

News Summary

  • Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $26 on Monday
  • The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise
  • Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates
Jerry Dean McLain first bet on former president Donald Trumps Truth Social two years ago, buying into the Trump companys planned merger partner, Digital World Acquisition, at $90 a share. Over time, [+10351 chars]

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