Why is Trump’s Truth Social stock plummeting?

After vaulting from an initial offering price of about $50 to a peak of nearly $80 in late March, Truth Social’s share price has dropped a staggering 68%. In early trading on Tuesday, the price stood at about $25. Cordell Eminent Scholar Jay Ritter explains why.

ABC News – Why is Trump’s Truth Social stock plummeting?

The Associated Press – Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades