Donald Trump Ally Unveils Plan to Save Truth Social

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Donald Trump Ally Unveils Plan to Save Truth Social
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Truth Social CEO Devin Nunes announced changes to the former president's social media platform.

A Donald Trump ally has outlined changes to Truth Social, as its stock price continues to fall.Trump holds almost 60 percent of Trump Media & Technology Group , which runs the social media platform as its primary asset. But since going public earlier this month, its stock value has declined, raising concerns.

When the group debuted on the stock market, shares under the ticker 'DJT' initially surged above $78, closing their first day of trading 16 percent higher at $57.99 and giving the company a valuation of $11 billion. The value of each TMTG share reached $71.9 on March 27, before its profit and loss figures were released.But on Wednesday, Google Finance data showed the value of each share at $22.84.

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