Trump’s media company shares plummet to record low since going public
Shares in Donald Trump’s social media company, Trump Media & Technology, have plunged to their lowest level since its March debut on the Nasdaq exchange.
Trump Media Shares Take a Trip Downhill
Hope you’re strapped in because the shares of the company that runs Truth Social just took a dip of up to 3.5% today. That’s a small knock‑back, but it’s the latest in a month of a wild ride. Over the past four weeks, the stock has already lost a staggering 36% of its value.
What’s Going On?
The decline is a mix of a few missteps that have rattled investors:
- Disappointing quarterly results – earnings fell short of what traders were hoping for.
- Trump’s return to X – the former president now channelling his followers back to his old rival platform.
- Kamala Harris announced as the Democratic nominee – many retail traders see this as a cue that Trump’s political comeback is less likely, which, frankly, rubbed a bite out of the stock.
Why Investors Are Tuning Out
Rumors swirl that the company’s valuation is more “meme‑stock” than business‑metrics‑based. According to some analysts, Trump Media’s price is being inflated by a fan base that’s more about loyalty than fundamentals. That sentiment has left the boardroom in a state of for‑or‑against uncertainty.
Bottom Line
If you’re watching the market, remember that Truth Social isn’t just another social platform—it’s a party that sometimes turns into a financial fiasco. Keep your eyes on the next earnings call and watch the drama unfold. Cheers!
