Trump Media & Technology Group, trading under the ticker DJT, experienced a significant pre-market plunge of 5.12% on Thursday, following a series of developments that have rattled investors. The company, which operates the social media platform Truth Social, has been facing mounting pressure in recent days.

The sharp decline can be attributed to several factors. Firstly, President Donald Trump's announcement of fresh global tariffs on imported goods has sparked concerns about potential economic repercussions. As Trump Media is often viewed as a proxy for Trump's political fortunes, this policy shift has likely contributed to the stock's downturn.

Additionally, the company recently filed with the Securities and Exchange Commission (SEC) to allow a trust headed by Trump to sell $2.15 billion worth of stock. Although the company stated it has no immediate plans to do so, the mere possibility of such a large sale has unsettled investors, leading to further downward pressure on the stock price.

Trump Media has been grappling with significant financial challenges since going public in March last year. The business has been operating at a loss, and its stock price has declined substantially from the levels seen in the days leading up to the November 5 election, when it traded around $40. This latest pre-market plunge continues a trend of volatility and uncertainty surrounding the company's future prospects.