Trump Media Stock Price Falls 20% Since Opening Bell as Investors Sell Off Despite Election

November 7, 2024 10:37 am

Former U.S. President Donald Trump speaks as he participates in an interview with billionaire entrepreneur Elon Musk on the social media platform X, at Mar-a-Lago in Palm Beach — Republican presidential nominee and former U.S. President Donald Trump speaks as he participates in an interview with billionaire entrepreneur Elon Musk on the social media platform X, at Mar-a-Lago in Palm Beach, Florida, U.S., August 12, 2024 in this picture obtained from social media. Margo Martin via X/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.

Trump Media stock is in a free fall.

After one hour of trading today the stock has fallen a whopping 20%.

This is despite Trump being elected in Tuesday’s debacle.

What’s causing this? Trump Media announced yesterday it lost $19 million in the last quarter. Again, this is despite adding streaming to their site. Investors are just selling off.

Meantime, the stock market itself is booming.

Maybe people realized what horrible voting decisions they made on Tuesday!

Maybe they also got the message that Trump is allowing known conspiracy theorist and philanderer Robert Kennedy Jr. to take over health administration in this country. He plans to eliminate fluoride from our drinking water and cancel vaccines. The Department of Education will also be gutted. Project 2025 will be installed, stripping most civil rights.

Roger Friedman https://www.showbiz411.com

Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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