Trump Media Stock Plummets Amid Crypto Deal Collapse

Trump Media & Technology Group's stock plummeted 9.4% on Monday, amidst concerns over its cryptocurrency partnerships and financial performance.

The company recently scrapped a deal with Crypto.com to create a publicly traded digital-asset treasury company, citing the collapse of Cronos tokens from $0.20 to $0.047 as the reason.

Trump Media still holds significant crypto assets, including Bitcoin, but has taken substantial paper losses due to plummeting digital asset values.

The company's market cap is over $2.8 billion, despite its financial performance: it reported $3.7 million in revenue and $530 million in losses over the past year.