Trump Media's stock price slides after Donald Trump and Kamala Harris debate
CBSN
Shares of the media business controlled by Donald Trump tumbled Wednesday, with investors appearing to downgrade the former president's chances of winning the U.S. presidential election following his debate with Vice President Kamala Harris.
Trump Media & Technology Group has become a financial barometer of sorts for Trump's electoral prospects given he owns roughly 60% of its shares and is closely identified with Truth Social, the company's conservative-leaning social media platform.
Trump Media's stock price fell sharply in morning trade on Wednesday, sliding $2.79, or 15%, to $15.84 — its lowest level since the shares made their public market debut in March. The stock is down 76% from its closing high of $66.22 on March 27, a day after it listed on the Nasdaq Composite index.
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