The stock, trading under the ticker symbol "DJT," fell $5.56, or 12%, to close at $40.59 on Friday, marking the company's lowest level since its debut on March 26.

Throughout the week, Trump Media shares slid over 32%, reflecting a loss of approximately $4 billion in market value. Initially, the company saw its shares surge to a high of $79.38 during its debut. However, Wall Street analysts have raised concerns regarding the company's financial prospects, claiming it is overvalued and comparing it to volatile "meme" stocks like GameStop.

A spokesperson representing Trump Media expressed enthusiasm about the company's status as a public entity and its access to capital markets. They stated that Trump Media's subsidiary, Truth Social, currently holds no debt and has over $200 million in the bank. This, they said, opens up numerous possibilities for expanding and improving their platform, intending to establish Truth Social as the leading free-speech platform for the American people.

For the fiscal year 2023, Trump Media reported a loss of $58 million on revenue of $4.1 million. The company's auditor also expressed concerns about its ability to continue operations in a regulatory filing. However, the warning reflects the company's current financial position and does not rule out potential growth and profitability in future quarters.

Despite the challenges faced by Trump Media, the company's stock has seen a significant increase from when it previously traded under the name Digital World Acquisition Corp., a shell company that merged with Trump Media earlier this year. Trump Media CEO Devin Nunes expressed confidence in the stability and growth potential of the company, highlighting its lack of debt and over $200 million in cash.

With Donald Trump owning 57% of Trump Media shares, his stake in the company is valued at $3.3 billion. The former president's involvement in the media business continues to draw attention as market performance remains a focal point for investors and analysts alike.