The owner of Truth Social saw another 10% decline on Monday, capping a terrible week that saw a third of the stock’s worth go.

Former President Donald Trump now owns just roughly $2.9 billion less in the contentious corporation than he did before the selloff. When compared to the closing high of $66.22 on March 27, the day after it went public, that represents a significant decline from the height of $5.2 billion.

Trump Media was founded in 2021, and he holds a majority stake of 78.8 million shares in the company. Regulatory and legal scrutiny caused its plan to merge with a shell company and go public to be postponed for years.

Experts cautioned that Wall Street was grossly overvaluing Trump Media based on conventional fundamental indicators like revenue and users when the business ultimately went public late last month.