Trump Media shares plunge after GOP nominee's debate with Harris
The share price of Trump Media plunged more than 17% on Wednesday morning, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris.
The share price of Trump Media plunged more than 17% on Wednesday morning, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris.
The company’s stock price at the opening bell was at its lowest intraday level since the Truth Social app owner began publicly trading as DJT on the Nasdaq in late March.
Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee.
Trump Media has said its business hinges at least partly on Trump’s popularity, and analysts say the company’s value will rise or fall based on his electoral prospects.
The stock drop Wednesday could signal that some Trump’s supporters are not pleased with what they saw at Tuesday night’s debate in Philadelphia.
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