Results: Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss

Former President Donald Trump's media company appears to be losing its sheen a week after its debut, with shares on Monday tumbling below its opening trading price, shaving more than $4 billion of market value from its peak. The plunge in Trump Media & Technology Group's shares, which debuted on March 25 under the ticker "DJT" after the former president's initials, comes as it disclosed mounting losses in a regulatory filing. It also noted that its accountant had issued a warning that its losses "raise substantial doubt about its ability to continue as a going concern." Shares of Trump Media & Technology Group, whose primary asset is the Truth Social platform, tumbled $14.50, or 23%, to $47.46 in Monday afternoon trading. That's below its opening price last Monday of $49.90 per share, and represents a 40% plunge from its high of $79.38 on March 26. https://www.cbsnews.com/news/trump-truth-social-djt-stock-down-losses-revenue-going-concern/