Trump Media’s Shares Fall to Record Low After Midterms

President Trump’s social media company recorded one of its biggest daily market losses on Wednesday, a day after Democrats scored staggering victories in the midterm elections.

Shares of Trump Media Technology Group plunged 24 percent to close at $4.49 — a low for the parent company of Truth Social.

On Wall Street, trading in shares of Trump Media have always been something of a proxy for Mr. Trump’s popularity. But the decline in Trump Media’s stock price has accelerated in recent months as its quarterly losses have mounted.

With the most recent sell-off, shares of Trump Media are down more than 90 percent from the closing price on the stock’s first day of trading, on March 26, 2024. Shortly after the company made its Wall Street debut, Mr. Trump’s stake in Trump Media was valued at around $6 billion. Now it is worth just over $500 million.

Article source: https://www.nytimes.com/2026/11/04/business/trump-media-truth-social-midterm-elections.html