Trump Media stock has traded far above its fundamental valuations because of President Donald Trump’s involvement as the majority shareholder. Its status as one of the high-priced "meme" stocks means many investors have willingly bought and held DJT shares at higher prices.

President Donald Trump’s media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform,

The parent company behind the Truth Social social media platform announced Monday it will buy back millions of dollars' worth of its own stock.