President Donald Trump’s social media company has recorded a comically bad 12-month stretch in the stock market during a year that has been largely prosperous for everyone else.
Trump Media & Technology Group (TMTG), the owner of the president’s Truth Social platform, saw its share price plunge 69 percent since January, while reporting an operating loss of $186.1 million, according to Bloomberg News.
The company’s shares got a temporary boost on Thursday following the announcement of a deal with nuclear fusion company TAE Technologies, but the current price of $14.86 as of Friday morning remains far below the year’s high of $42.91, recorded on January 13.
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