Trump Media Shares Plunge: Is the Market Losing Faith in Trump’s Truth Social?
Trump Media & Technology Group (DJT), the parent company of Truth Social, saw some of its recent strong gains recouped Thursday morning as the market’s euphoria for tariff relief waned. In today’s trading session, shares in Trump Media fell 7%.
Investors are becoming increasingly apprehensive as market sentiment returns to worries about the company’s core issues, especially Truth Social’s difficulties with user growth and revenue. The stock’s over 45% year-to-date decline, according to analysts, is partly due to the sell-off, which reflects broader uncertainty about long-term profitability and sustained market momentum.
Trump’s Truth Social Post Sparks DJT Surge, Followed by Sharp Drop
As broader markets witnessed a historic rebound after President Donald Trump‘s Truth Social announcement of a 90-day halt on most tariffs, shares of his media company surged 22% on Wednesday. Trump shared a post on Truth Social shortly after markets started on Wednesday, almost four hours before the halt was announced. With the effect of sharing, a bullish wind was observed in DJT.
THIS IS A GREAT TIME TO BUY!!! DJT.
Trump
However, the hype later dimmed, and the shares fell again today.
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