Trump Media Stock Hits Record Low Amid Decline

Shares of Trump Media & Technology Group have experienced significant volatility, hitting a record low of $21.33 this week, a stark contrast from an initial market value of about $8 billion at its Nasdaq debut in March. Analysts suggest the stock is heavily tied to the fortunes of its majority shareholder, Donald Trump, and could plummet further if he loses the upcoming presidential election, with predictions of its value potentially nearing zero. Recent polls indicate Trump trailing behind Democratic nominee Kamala Harris, raising concerns among investors about the company's future. Despite a recent brief uptick in value, the stock has plummeted approximately 63% since its peak, driven largely by speculation rather than actual business performance. The impending expiration of Trump's six-month lockup period on his shares adds to the uncertainty, as he may begin selling off his stake. Trump's social media activities continue to draw attention, yet his platform, Truth Social, reportedly has a limited user base, impacting its market performance.