Why Trump Media & Technology Group Stock Fell to an All-Time Low This Week
Trump Media Technology Group (NASDAQ: DJT) stock saw another round of big sell-offs over the last week of trading. The company's share price ended the week down 14.5%, according to data from S&P Global Market Intelligence.
Trump Media stock fell this week as the former-president and current candidate continued to post messages on X, the platform formerly known as Twitter. By posting messages on X in addition to Truth Social, Trump may be taking away some of the core appeal of his company's platform.
Donald Trump is in the thick of campaign season and has been using the X platform to boost his media reach. On the other hand, he's also Trump Media Technology's largest shareholder. Treating Truth Social as a platform that was the exclusive landing spot for most of his messages had given the platform a hook, and investors are worried that's now being diminished.
Source Fool.com
