The value of shares in Donald Trump’s social media company have fallen to their lowest level since the lossmaking group was listed on the Nasdaq stock exchange in late March.

Trump Media & Technology Group, which owns the Truth Social platform, went public via a blank-cheque company under the ticker DJT, Trump’s initials.

On the first day of trading on Wall Street its shares rose to $70 at one point, before closing up 16 per cent on the day at $57.99, with a market value of about $11 billion.

The value of the shares fell after he was convicted of fraud at the end of May. A New York jury declared he was guilty of all 34 counts of falsifying business records to conceal a payment made to a porn star during his 2016 campaign for the White House.

The shares rallied after Trump was nearly assassinated at a campaign rally in western Pennsylvania in July.

Days after the attempt, the former president was confirmed as the Republican presidential candidate. The shares have been on a downward trend since, closing down 82 cents, or 3.56 per cent, at $22.24 on Monday, giving it a market value of about $4.39 billion.

This month the company reported revenues of about $836,000 in the three months to the end of June, down 30 per cent from $1.2 million in the same quarter last year, as net losses shrank to $16.4 million from $22.8 million.