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Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades [Video]

Former President Donald Trump arrives at court for the start of jury selection in his historic hush money trial, Monday, April 15, 2024 in New York. (Angela Weiss/Pool via AP) (Angela Weiss, ANGELA WEISS)

NEW YORK – The stock price for Donald Trump’s social media company slid again Monday, pushing it more than 66% below its peak set late last month.

Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It’s a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol “DJT,” for Trump’s initials.

Part of the decline may be due to criticism that the stock price had zoomed way past what skeptics said the money-losing companyis worth, particularly one with tough odds for success. But another part is also likely because of action Trump Media …

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