In a Rebuke of Trump’s Debate Performance, Shares of His Social Media company (DJT), plummeted Wednesday morning to a Record Low for the Stock.
Shares of Trump Media & Technology Group, the Parent Company of Truth Social, dropped to $16.68, pushing aside the previous low set earlier this month of $16.70.
The Drop brought Trump’s Majority 60% Stake in the company, under 115 Million Shares, down from $1.2 billion.
The Share Price of the Volatile Stock, has acted this past year as a gauge of the Public’s fluctuating Confidence in Trump’s Ability to Win the 2024 Presidential Election.
Since Opening in March at $78 a Share, a Debut that brought the company’s Valuation to $7.85 billion, the Stock has plunged more than 74%, but got a 4% boost following a Shaky Debate Performance from Joe Biden in June.
According to SEC Filings, Truth Social lost a staggering $58 million in 2023 before going Public.
Wednesday’s drop came as even Republicans agreed that Kamala Harris Won Tuesday Night’s Debate.
NYC Wins When Everyone Can Vote! Michael H. Drucker
No comments:
Post a Comment