Trump Media Stock Drops 10% to Kick Off the New Administration
President Donald Trump’s social-media stock is dropping in his first hours back in office. Shares of Trump Media & Technology Group (DJT), which owns the Truth Social platform, were recently down 10% at about 40 and pre-election highs above $50, though they’re up for the year and well above lows they touched earlier in the fall. The latest moves come as traders seek to position themselves for the start of a new administration. Since Trump’s r ...