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Shares of Trump Media Plunged After the GOP Nominee Debated Harris.

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(VOR News) – The day after Trump Media, the company’s biggest shareholder, had a performance at the presidential debate that drew heavy criticism for disparaging Vice President Kamala Harris.

The share price of Trump Media fell by more than 13% on Wednesday. At Harris, the performance was aimed at. The act was directed at Harris.

Since the proprietor of the Truth Social app began actively trading as DJT on the Nasdaq at the beginning of March, the company’s stock price has dropped to its lowest intraday level. The price of shares has dropped significantly since that time.

A Trump Media share purchase is usually viewed as a political bet.

This is because Trump is the person that the Republican Party is now considering and has served as president in the past. This is because Donald Trump is serving as the Republican Party’s nominee at the moment.

Analysts forecast that the value of Trump Media would either rise or fall based on Donald Trump’s chances of winning the election. This will happen depending on how the election turns out.

According to a statement from Trump Media, the popularity of Donald Trump at least plays a major role in the success of the company’s operations.

The fact that stock prices dropped on Wednesday suggests that some of Trump’s fans may not have been happy with what they witnessed during the Tuesday night debate in Philadelphia. The subject was discussed on Tuesday.

In comparison to Trump, who frequently answered her bait in an attempt to deflect him from the issue at hand, Harris appeared to be more prepared, more fluid, and more composed. Political pundits agreed that both liberals and conservatives were right in their appraisals of Harris when they attacked him.

Trump was challenged by Harris’s team to take part in another discussion as soon as the first debate concluded. This was done to give the impression that the debate process was confident.

Trump Media might not acknowledge the comments’ accuracy.

On Wednesday, he persisted in his insistence that Harris was only interested in talking to him again because she had been “beaten badly.” He made this comment to bolster his earlier assertion. This was the claim he made in a post on Truth Social.

“Why would I do a rematch?” he posed to the audience throughout his performance. They were offered the chance to react.

It’s probable that the ten percent gain in Trump Media’s stock during Tuesday’s trading was due to investors’ high expectations for Trump’s performance in the debate.

Following its merger with a blank-check company, Trump Media—which was then privately held—saw a 75% decline in stock price from its intraday high in late March. The implosion, which had been ongoing for weeks, caused the stock price to fall up to 75% from its peak. The company’s progress on Monday and Tuesday offered a much-needed break from the collapse.

Vice President Joe Biden announced his decision to resign from the presidential race at the same time as the fall, endorsing Harris to take his place as the front-runner on the Democratic ticket.

It also happened in the days preceding the start of the period during which Trump and other executives of the corporation will be able to begin selling their stock.

With almost 57% of the shares, Trump is the only proprietor of the business. The stake was valued at more than $1.8 billion in the sum that was offered during the Wednesday morning auction.

When the lock-up agreement expires on September 19, it is unclear whether or not Trump plans to start the process of selling off his ownership stake in the business.

SOURCE: CNBC

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Salman Ahmad is a seasoned freelance writer who contributes insightful articles to VORNews. With years of experience in journalism, he possesses a knack for crafting compelling narratives that resonate with readers. Salman's writing style strikes a balance between depth and accessibility, allowing him to tackle complex topics while maintaining clarity.

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