The stock price of the former president’s social media company has often moved in tandem with investor perception of his standing in the presidential race.

Shares of former President Donald J. Trump’s social media company have fallen so much that his onetime $6 billion stake is now worth about $2 billion.

The stock price of Trump Media & Technology Group, closed Wednesday at $16.98, and is down more than 74 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.

. . .

The slide in the share price has accelerated over the past few weeks as the presidential campaign has heated up and Vice President Kamala Harris, the Democratic nominee, has narrowly overtaken Mr. Trump in most national polls. Shares of Trump Media often have risen and fallen in tandem with investor perception of how Mr. Trump is doing in the presidential race.

MBFC
Archive

  • @Rookwood
    7•11 days ago

    They were betting he’d win and just blatant cronyism and corruption would ensue.

      • @[email protected]
        1•11 days ago

        You should buy some, then when he goes to sell, sue him and tie him up in the courts so he can’t sell until it becomes negitive $5 Shrute-bucks.