Trump Media, behind Truth Social, is heavily dependent on Donald Trump’s political future, with its stock down 17% recently and 75% since March. The company has low revenue, big losses, and relies almost entirely on Trump. On September 19, Trump can sell part of his stake, which could further hurt the stock. Investors are likely to sell for tax-loss benefits, adding to concerns. Analysts are sounding alarms about its risky outlook.

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