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Investor Confidence Falters as Trump Media Stock Tumbles Post-Debate
The stock price of Trump Media and Technology Group (NASDAQ: DJT), the company behind Truth Social, experienced a sharp 17% drop on Wednesday morning. This came just a day after Donald Trump, the c…
This came just a day after Donald Trump, the company’s majority shareholder and the current Republican presidential nominee, participated in a highly anticipated debate against Vice President Kamala Harris. As Harris delivered a performance praised by both liberal and conservative pundits alike for its poise and preparation, the stock market reflected growing doubts about Trump’s electoral prospects. Several factors have contributed to this decline, including uncertainty surrounding Trump’s political future and the approaching end of a lock-up period that restricts insiders from selling their shares.
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