This weekend alone, the shares in Truth Social declined by 6.29 percent, wiping millions from Trump's portfolio.

Truth Social was launched in February 2022, shortly after Trump's ban from popular social media platforms, Twitter and Facebook, due to his posts regarding the January 6 riots at the U.S. Capitol. Although he has since been reinstated on these platforms, Trump continues to utilize Truth Social for his online presence.

The decline in share value comes after shareholders of Digital World Acquisition Corp., a shell company, agreed to merge with Trump's parent company, Trump Media & Technology Group (TMTG), earlier this year, allowing the company to go public. Since the merger, the stock value has been fluctuating and has now experienced a decline.

As per data from Google Finance, the price of a share in Truth Social's parent company, traded under the ticket "DJT," currently stands at $34.72 per share, a decrease of over 6 percent. Last week, the stock price dipped to $39.31 per share, marking its lowest point since April 25. However, it still remains higher than the lowest point of $22.84 back in April 17.

With a close to 65 percent stake in TMTG, Trump has been significantly impacted by the decline in share value. Earlier this month, the company offered him an additional 36 million shares, bringing his total stock in the company to 114.75 million shares. Matthew Tuttle, founder and CEO of Tuttle Capital Management, estimated that Trump is down by over $267 million due to the decrease in share value.

Experts have voiced concerns about the volatile nature of Truth Social's shares and the associated risks for investors. Todd Landman, a professor of political science at Nottingham University, described the share price trends as "highly volatile and erratic," which may deter investors who prefer steady gains over time. However, Landman also highlighted the potential for future gains if Truth Social can increase its user base, offer new content and services, and navigate the outcome of the upcoming election.

While Trump grapples with the decline in share value for Truth Social, TMTG also faces wider financial challenges. The company reported a net loss of $327.6 million for the first quarter of 2024, primarily attributed to non-cash expenses related to the merger with Digital World Acquisition Corp. This marked a significant increase from the net loss of $210,300 reported in the previous year.

Furthermore, experts suggest that Trump's recent conviction for falsifying business records in his hush-money trial may have impacted the performance of Truth Social's stock. The repercussions of this conviction, combined with the company's financial challenges, further contribute to the uncertainty surrounding Truth Social's future.

As Truth Social continues to face fluctuations in share value, investors and industry analysts closely monitor the platform's progress in increasing its user base and offering new content and services. Only time will tell if Trump's social media venture can rebound and deliver a return on investment for its shareholders.