Trump Media & Technology Group $DJT  stock took another hit, dropping over 1% in premarket trading. This decline follows Donald Trump's return to X (formerly Twitter) and his recent chat with Elon Musk. The stock's been on a roller coaster, with shares falling around 5% on Monday to close near $25.

On top of that, DJT's Q2 results weren't pretty—net loss of $16.4 million, half of it tied to their SPAC deal expenses. Revenue also plunged 30% YoY, to just under $837k.

Trump Media's financial challenges aren't new, with net losses nearing $60 million last year. The upcoming presidential race isn't helping either, especially with Kamala Harris leading in the polls after Biden's exit.

Despite these woes, Trump still owns about 60% of DJT, translating to roughly a $2 billion stake. However, that's dwarfed by the $4.5 billion value right after their public debut.