Trump Media Stock Drops 17% After Dismal Debate Performance

Benzinga

Trump Media’s stock dropped over 17% on Wednesday following Donald Trump's poor debate performance against Kamala Harris. The stock hit its lowest intraday level since its Nasdaq debut in March. Analysts suggest the company's value is closely tied to Trump's political fortunes. The drop follows a brief surge on Tuesday and a prolonged decline since the company's merger with a blank-check firm. Trump owns nearly 59% of Trump Media, valued at $1.8 billion. It’s uncertain if he will sell his shares when the lock-up agreement expires on September 19th.

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00:00It's Benzinga, and here's what's on the block.

00:03Trump Media's stock dropped over 17 percent on Wednesday following Donald Trump's poor

00:06debate performance against Kamala Harris.

00:09The stock hit its lowest intraday level since its Nasdaq debut in March.

00:13Analysts suggest the company's value is closely tied to Trump's political fortunes.

00:18The drop follows a brief surge on Tuesday and a prolonged decline since the company's

00:22merger with a blank check firm.

00:25Trump owns nearly 59 percent of Trump Media, valued at $1.8 billion.

00:30It's uncertain if he will sell his shares when the lockup agreement expires on September

00:3419th.

00:35For all things money, visit Benzinga.com.

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