Even small investors are looking to exit their Truth Social shares as stocks continue to fall in the aftermath of the election.

Trump Media & Technology Group’s stock has failed to regain strength since its last high of $51.51 per share near the end of October, causing panic among some users – who had been banking on a post- more important election – as to the future of an irrefutably linked investment. to Donald Trump’s personal fortune.

In the days following the latest spike, TMTG lost nearly half its value, leading some users on Truth Social’s board to lament“The fact is we are in trouble.”

The company, which was created after Trump was banned from traditional social media due to his supporters’ riots in Congress on January 6, is clearly struggling to generate revenue. A financial statement Trump Media, published on Election Day, shared grim ratios: The company lost $363 million in the first three quarters of the year and generated only $2.6 million in revenue. That’s a 23 percent drop from last year, reported The Washington Post.

Earlier this month, Eric Swider, head of Trump Media & Technology Group, sold all the shares he directly owned in the company, giving away 136,183 shares at $28.23 per share, a total value of more than of $3.8 million, according to a report. deposit with the Securities and Exchange Commission. Swider still owns just over 18,000 shares of TMTG through an LLC, Zach Everson reported last week in his 1100 Pennsylvania bulletin.

Swider had been CEO of Digital World Acquisition Corporation, which merged with TMTG in March, when the media company was on the verge of running out of cash. The deal was seen as a major victory for Trump, injecting $300 million into the company and allowing Truth Social to continue operating. The merger also allowed the media entity to make a particularly strong debut on the stock market with a valuation of nearly 8 billion dollarspushing the value of Trump’s personal stake in the company to more than $3 billion at a time when he was facing nearly $500 million in legal fees.

And Swider wasn’t the only one to dump his Trumpian assets. Also on November 8, TMTG CFO Phillip Juhan abandoned 320,000 shares at a price of $30.65 apiece and, after the weekend, he sold an additional 64,000 shares at a price of $32.97 each, leaving him with just over 265,000 shares in the media effort social. General Counsel and Secretary Scott Glabe also abandoned shares, although significantly fewer: 15,917 shares at $32.19 each.

Trump – who owns about 57% of the company with 115 million shares – has insisted for months that he has no plans to sell his shares.