TMTG Stock Plummets Amid Trump's Return to X

Trump Media & Technology Group (TMTG) has seen significant declines in stock value, dropping over 40% in the past month and hitting a four-month low after Donald Trump's return to X (formerly Twitter) for an interview with Elon Musk. Technical issues plagued the interview, and Musk's claim of a DDOS attack was disputed by insiders. TMTG's performance has been affected by mounting losses, stagnant user growth, and competition from Musk's platform. Investors are concerned about Trump's engagement on X, which undermines the exclusivity that drove traffic to Truth Social. The company's financial struggles are compounded by a $16.4 million net loss in the second quarter and revenues below $1 million, raising doubts about its viability and Trump's personal wealth tied to it.