Donald Trump's media company, Trump Media & Technology Group (TMTG), has seen its stock value plummet to its lowest levels since going public, dropping over 70% from its initial high of $79.38 to $17.40 per share. The significant decline, which correlates with Trump's fluctuating political fortunes, has reduced the company's market value from $6 billion to about $2 billion. This decline is partly attributed to the broader market dip affecting tech stocks and TMTG's classification as a 'meme stock,' prone to price volatility driven by investor sentiment rather than business fundamentals. Additionally, the upcoming end of a lock-up period on September 19 allows Trump and other shareholders to sell their shares, potentially causing further price drops. Despite the company's financial struggles, Trump has not indicated plans to sell his stake. The overall market downturn has also affected other social media companies like Reddit and Snap.