Trump Media & Technology Group, the parent company of Truth Social, saw its stock drop 4% to $6.36 due to ongoing regulatory investigations into its Truth API, a product that sells faster access to trending posts. This scrutiny creates uncertainty around one of its key revenue streams, contributing to the stock's steep decline this year. Meanwhile, competitor Rumble's stock edged up 0.6%, highlighting company-specific challenges for Trump Media. Investors will watch for updates on the investigations, which could influence future stock performance.
Trump Media & Technology Group holds a market cap of $1.84 billion and an enterprise value of $1.91 billion as of Oct 23, 2026 23:01 WIB. On Pluang, its stock price is $6.36 with a 1-day change of -3.86%, while trading volume reached 3,845,403 shares. Despite the recent 4% drop noted in the news, Pluang data shows all current orders are buys, indicating some investor interest at this price level.
