Trump Media & Technology Group shares have plunged nearly 70% in 2026, leaving outside shareholders with an estimated $2.2 billion in cumulative mark-to-market losses, while former President Donald Trump's 114.75 million-share stake remains worth approximately $460 million. DJT closed November 6 at $3.99, down 69.9% year-to-date and 29.5% across the previous five trading sessions. The estimate, based on public securities filings, issuance prices and share buybacks, cannot determine individual investors' realized trading results, and Trump Media disputes its representation of shareholder transactions and market conditions. The company's second-quarter revenue rose to approximately $1.67 million from $883,000 a year earlier, but it reported an approximately $238 million net loss, including substantial unrealized cryptocurrency losses. Trump Media also expanded its Bitcoin treasury and invested heavily in Truth+ streaming, which generated approximately $630,000 in cumulative revenue through June 2026 despite development spending exceeding $200 million. The company is pursuing a proposed all-stock merger with nuclear fusion developer TAE Technologies, a transaction originally valued above $6 billion whose registration statement was declared effective by the SEC on November 5. A shareholder vote is scheduled for December 14, though completion remains conditional.