Reported 28 days ago
Shares of Trump Media & Technology Group, the parent company of Truth Social, dropped 17% following a debate where former President Donald Trump faced off against Vice President Kamala Harris. Concerns about Trump's debate performance, where Harris highlighted various controversial topics surrounding him, contributed to a significant decrease in stock value, marking a 50% loss since Biden stepped aside for Harris in the presidential race. This decline has resulted in a substantial financial loss for Trump, who owns nearly 60% of the company.
Source: YAHOO