Trump Media Stock Plummets

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Truth Social CEO Devin Nunes

ABC News

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Trump Media stock is plummeting. These shareholders don't care

Summary

Nutrition label

75% Informative

Trump Media & Technology Group's stock dropped more than 11% this week , suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump to rival social media platform X.

Truth Social's stock performance holds significant financial implications for the former president, who owns a 65% stake in the company.

Some investors say they are optimistic about the company's financial outlook, or stand by it as an expression of their support for Trump .

Truth Social's value climbed about 30% in the immediate aftermath of an assassination attempt against Trump in July , reaching a price of $ 40 a share.

The share price now stands at about $23 , amounting to a drop of nearly two-thirds from its peak.

The decline of the stock price in recent weeks has coincided with the emergence of Vice President Kamala Harris as the Democratic presidential nominee.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful