Trump loses $4 billion in truth social wipeout

(CNN)– Donald Trump’s social media company is in a deep slump that keeps getting worse and it has wiped out a huge chunk of the former president’s net worth.

Shares of Trump Media and Technology Group dropped last week to their lowest level since the company went public this Spring.

Trump Media has lost about three quarters of its value since peaking in late March.

Trump’s dominate stake in the company was valued at $6.2 billion on May 9.

It is now down to about $2 billion.