Particle.news

Download on the App Store

Trump Media Stock Plummets Below $20 as Lock-Up Expiry Nears

Shares of Trump Media & Technology Group have dropped over 70% since March, with financial and political challenges looming.

Image
Republican presidential nominee, former U.S. President Donald Trump during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on August 26, 2024 in Detroit, Michigan.
'Now Down 70 Percent!' CNN Roasts 'Tanking' Trump Stock As Kamala Harris Gains — And Trump Sell Deadline Approaches
Image

Overview

  • Trump Media shares hit a record low under $20 for the first time since going public in March.
  • The stock's decline accelerated after Vice President Kamala Harris gained in the polls and Trump returned to X.
  • Trump faces significant obstacles in selling his stake due to potential market impact and political implications.
  • The company's valuation has plunged from $6 billion in May to $2.3 billion currently.
  • Experts suggest Trump might borrow against his shares instead of selling them outright.