Trump’s media company tumbles in stock market

Former President Donald Trump’s media company, Truth Social, has experienced a significant drop in its stock price as investors remain cautious about its prospects.

The company, which was launched as a competitor to mainstream social media platforms like Twitter and Facebook, saw its stock tumble by over 20% in after-hours trading on Monday.

This decline comes after a series of setbacks for Truth Social, including technical glitches on its platform and criticism over its content moderation policies.

Despite these challenges, Trump has remained optimistic about the future of his media venture, claiming that it will ultimately succeed in providing an alternative to what he perceives as biased media outlets.

However, analysts are skeptical about Truth Social’s ability to compete with established social media giants and question whether it can attract a large enough user base to sustain its business model.