Trump Media's stock has experienced a significant decline, falling nearly 50% below its peak value just a few weeks ago. The downturn began shortly after the company became publicly traded under the ticker DJT, with the stock setting a local high only to drop almost 40% in a week. This decline has continued, with the stock now more than 50% below its peak level, erasing approximately $2.8 billion in value. The company's performance has been notably poor compared to other SPAC deals, with more than one-fifth of nearly 500 SPAC deals since 2019 trading below $1 each. Despite the initial hype, retail investors who were instrumental in the stock's early gains seem to be losing interest as the stock struggles to maintain its value. Specifically, the stock went from $79 to $36 in the last few weeks, and Trump's stake is down over $3 billion. Additionally, Truth Social is down almost 11% today, marking a significant downturn from its high tick 8 trading days ago.