Truth Social: Donald Trump Can Only Watch As Media Interest Drops By $4 Billion

The paper fortune that the former president Donald Trump The size of the funds raised by taking an emerging media start-up public is shrinking, and a race to the exit starting as early as Sept. 19 could shrink the size even further.

Trump Media & Technology Group Corp., owner of the X-like social media platform Truth Social, has lost nearly $6 billion in value over the past four months. Meanwhile, its largest shareholders were unable to sell because of a lockup agreement when the company went public in March through a merger with a special purpose acquisition company.