Trump Media stock plummets amid CEO exit

Trump Media, the company behind Truth Social, is experiencing significant financial turmoil, marked by a substantial 90% stock price drop and the recent exit of its CEO. The company's stock performance has been highly volatile, heavily influenced by political commentary from Donald Trump, which can cause rapid market fluctuations. This instability highlights the precarious position of 'MAGA stocks' and the challenges faced by companies closely tied to political figures, raising concerns about their long-term viability and investor confidence in the current market environment.