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Donald Trump lost $4 billion because of problems with Trump Media & Technology Group

Former U.S. President Donald Trump's personal stake in Trump Media & Technology Group topped $6 billion in March as its stock soared after going public. Nearly six months later, that fortune has dwindled to less than $2 billion amid losses and declining revenues, CBS News reported.The months-long slump has caused the stock price to plunge more than 70 percent since its peak in late March, and shares hit a new low on Wednesday.As Trump Media & Technology's largest shareholder, Trump has suffered the biggest losses, though the decline is only on paper for now, as he can't sell any of his shares yet. Trump owns about 60 percent of Trump Media & Technology Group. The company has gained popularity among Trump supporters, typically retail investors, who have been visiting groups on the social media network Truth Social to express concerns about the stock price decline and blame downside sellers for the stock's fall.  

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