Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble

Truth Social shares plunged by 22% on Wednesday and 14% on Thursday , with trading being halted multiple times due to volatility in the stock.

The company's market cap plummeted this September , bottoming out at around $12 a share before rising to $ 51 a share earlier this month .

The drop to around $35 a share on Wednesday took nearly $3 billion off the overall value of the company so far this week .