Shares of Trump Media, trading under the ticker symbol DJT, have fallen below $20 for the first time since the company's SPAC merger with Digital World Acquisition Corp (DWAC) was completed on March 26, 2024. The stock has seen a continuous decline, dropping approximately 6.5% on August 28, 2024, following a series of negative developments, including a recent altercation involving Donald Trump and his re-indictment. This decline marks a significant drop from its previous high of $79.38. Analysts have noted that the stock has plummeted about 70% over the past five months, with some investors expressing concerns about the company's profitability and user engagement. The expiration of Trump's lock-up period for selling shares is also approaching, raising questions about potential further declines in stock value. DJT closed at approximately $19.50 on August 28, 2024, reflecting a troubling trend for investors in Trump's social media venture, Truth Social.