DJT Trump Media stock price fell 165%

This photo illustration shows an image of former President Donald Trump reflected in a phone screen displaying the Truth Social app, in Washington, DC, on February 21, 2022.

Stefani Reynolds | AFP | Getty Images

The Trump Media sell-off accelerated on Thursday, with shares of former President Donald Trump’s company falling as much as 15% shortly after the opening bell.

The company behind conservative social media app Truth Social, which trades on the Nasdaq as DJT, was hovering around $27 per share when the market was open.

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