Former President Donald Trump's media company, Trump Media and Technology Group, experienced its largest selloff in trading history, losing over $3 billion in stock value this week.
Trump's company has never posted significant profits, with its total annual revenue being in the low-single-digit millions, reflecting its precarious financial position despite a high market cap.
The rapid stock drop was linked to perceptions of Trump's political chances, with investors reacting to his potential return to the presidency impacting stock fluctuations.
With Trump holding the majority stake in TMTG, the company's future value appears heavily contingent on his political fortunes and forthcoming election outcomes.
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