Trump Media stock drops more than 10% to open trading week
Trump Media owns the Truth Social app, which is regularly used by former President Donald Trump, the biggest shareholder of the newly public company.
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Trump Media shares dropped more than 10% in early trading Monday.
DJT's plunge followed a 12% decline in its share price on Friday.
Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.
Its share price as of 10:15 a.m ET Monday was $36.36 per share, before recovering a bit.
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