Trump Media’s Stock Plunges After Debate

Published On Sep 11, 2024, 7:27 AM

Shares of Trump Media & Technology Group fell more than 10% following former President Donald Trump's debate performance against Vice President Kamala Harris. This decline marks the lowest point for the stock since its public debut in March 2024, with a significant drop nearing 15%. Trump's ownership of 57% of the company means these declines have severely reduced the paper value of his shares by around $4 billion. The impending expiration of a lock-up period on September 19 raises questions regarding whether Trump will sell some of his shares, which might negatively impact the stock price further due to increased supply.