Jonathan Raa | Nuphoto | Getty Images
The price of Trump Media shares quickly fell more than 6% during the first half hour of trading Friday morning.
DJT’s latest price drop continued a decline that included a 5.4% drop on Thursday and a drop of more than 8.5% on Wednesday.
Shares of Trump Media, owner of the Truth Social app, have fallen more than 47% since the start of the month.
Former President Donald Trump is the company’s largest shareholder, owning nearly 60% of its shares.
Trump Media began public trading of its shares on March 26, with an opening price of $70.90, reaching a high of nearly $80 later the same day.
The day before, the company had merged with a publicly traded shell company, Digital World Acquisition Corp., which itself was created to merge with a private company to take it public.
This is developing news. Check back for updates.
cnbc
