Donald Trump's stake in his own social media site Truth Social fell by more than $1bn dollars on Monday.
Trump Media & Technology Group (TMTG) made losses of $58.2m (£46.4m) last year as shares plummeted 21.5%.
After an extraordinary debut on the Nasdaq last week, which seen shares soar by more than 50%, Trump's stake in TMTG slumped from roughly $4.88bn (£3.89bn) to about $3.83bn (£3.05bn).
Despite this, Shares of TMTG are up nearly 200% this year thanks to small-time investors supporting the former President.
Truth Social was founded by Mr Trump in the aftermath of the January 6, 2021, attack on the Capitol building when he was banned from Twitter (now X).
Elon Musk reinstated the account following his takeover, but Trump has preferred posting on Truth Social.
FTSE 100
The UK's flagship share index, the FTSE 100, was up xx-points, at xx, shortly after opening this morning.
Brent crude oil futures was up 0.59% today, trading at $87.94 a barrel.