Trump-and-dump: Why supporters ditched Trump's social media stock

Donald Trump's social media company, Truth Social, initially saw a surge in its stock price when it went public. However, the parent company disclosed financial struggles, causing its shares to drop by 21%. As a result, Trump's net worth also fell by $1 billion, given his 57% stake in the company, now worth $4 billion.► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1► More Videos @ ETTV - https://economictimes.indiatimes.com/TV► https://EconomicTimes.com► For business news on the go, download ET app:https://etapp.onelink.me/tOvY/EconomicTimesAppFollow ET on:► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - https://www.twitter.com/economictimes► LinkedIn - https://www.linkedin.com/company/economictimes► Instagram - https://www.instagram.com/the_economic_times► Flipboard - https://flipboard.com/@economictimes#news #latestnews #economictimes #ET #TheEconomicTimes #businessnews