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Trump Media Shares Plummet to Record Low

Stock decline mirrors Trump's fading election prospects and return to rival social media platform X.

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Overview

  • Shares of Trump Media & Technology Group have fallen over 60% since their March debut.
  • The company's main asset, Truth Social, reported significant losses and minimal revenue.
  • Trump's political standing has impacted the stock, with polls showing him trailing Vice President Kamala Harris.
  • Trump's recent activity on X has raised questions about his commitment to Truth Social.
  • The upcoming expiration of a lockup period may allow Trump to sell his majority stake.