Trump Media Faces Decline Following Public Endorsement of Truth Social
Trump Media Group Stock Decline
Trump Media & Tech Group (TMTG)'s stock price has plummeted in response to former President Trump's endorsement of Truth Social, a new social media platform aimed at providing an alternative to mainstream social media sites. This development has raised concerns about the future performance of TMTG amidst increasing competition in the social media space.
Lack of Transparency
TMTG has stated that they do not currently plan to disclose key performance metrics commonly provided by social media companies, leaving investors and analysts in the dark about the company's financial health and growth prospects.
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