Trump’s social media company has lost over $31 million since its launch, faces potential shutdown
- Trump Media shares fell nearly 12% in another volatile trading day leading up to the 2024 presidential election between Donald Trump and Kamala Harris.
- DJT stock was halted twice as shares rapidly dropped at the start of another volatile trading session.
- The company, which is majority-owned by former President Donald Trump, had previously fallen more than 22% on Wednesday.
Shares of former President Donald Trump's media company fell nearly 12% Thursday in another volatile trading day leading up to the 2024 presidential election.
The slide marked Trump Media's second straight day of steep declines, paring back a recent stock rally that had more than doubled the company's share price in a matter of weeks.
Trump Media, which trades as DJT on the Nasdaq, was halted twice due to volatility within the first hour of trading on Thursday morning.
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The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the 2024 presidential election.
Trump owns nearly 57% of the company.
