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price of shares in president donald trumpTrump’s media company, Trump Media & Technology Group, fell to a new low on Monday as the commander-in-chief’s recent turmoil continues to weigh on his business interests.
TMTG stock closed at $10.85 per share nasdaq on November 17, a 32 percent decline over the previous month and the stock’s lowest price since its initial listing on October 1, 2021.
As recently as October 29, it was at $16 per share, but as this month has progressed it has declined continuously. At the time of writing on Tuesday it was down to $10.52.
This compares to an all-time high of $97.54 on March 4, 2022, a few months after its launch, and an all-time high of $31.91 on November 8, 2024, following Trump’s landslide re-election victory. kamala harris,
The current decline comes amid a series of political setbacks for Trump, from the Democratic election victory on November 4, in which the opposition won the New York City mayoral race, gubernatorial contests in New Jersey and Virginia and redistricting battles in California, to the release of more damaging Jeffrey Epstein Email from the House Oversight Committee.
Latest discovered messages found late pedophile and sex trafficker, who died by suicide in August 2019, accused Trump “Knew about girls” and once spent “hours” with one victim at his home.
The President insisted that the scandal was entirely a Democrat “hoax”, but ultimately advised House Republicans to go ahead and vote for acquittal. Justice Departmentfiles of, which is expected to be completed eventually On Tuesday evening. He has since indicated that he would sign any bill that passes both houses of Congress and reaches his desk.
Trump is also facing criticism on other fronts, with some reassured by his rhetoric about falling grocery prices as the holiday season nears, and concerns about his own health refusing to go away.
TMTG’s main product is the President’s social media platform, true social, And the company announced plans late last month to revitalize the site by partnering with Crypto.com betting on elections and sports,
The new feature, “Truth Predict”, will enable users to immediately react to developments in major current events and potentially earn money on correct predictions, TMTG said.
“For too long, global elites have closely controlled these markets – with Truth Predict, we are democratizing information and empowering everyday Americans to harness the wisdom of crowds, turning free speech into actionable foresight,” said the head of TMTG, devin nunesA former Republican congressman.
The move to diversify is perhaps no surprise, given that TMTG previously signed a multi-billion dollar deal to purchase Crypto.com’s Kronos token in August, while the president’s eldest son, donald trump jrhas recently signed on as advisors to two of the largest companies in the prediction market, Kalshi and Polymarket.
Meanwhile, Florida Attorney General James Uthmeyer came to the company’s aid last month announcement of investigation at the New York City-based banking giant JPMorgan Chase And other banks are accused of allegedly refusing to accept $1 billion from TMTG Joe BidenChairmanship of.
Trump complained about the matter in an interview with CNBC in August, saying it had forced his technology arm to hide its capital “all over the place” in smaller institutions in the early stages of its development.
Uthmayer accused the financial houses of coordinating with the then Justice Department special counsel jack smith De-banking Trump’s company as part of an operation called “Arctic Frost” fox news digital,
The AG, who has jurisdiction because TMTG is incorporated in Sarasota, wrote to the bank’s CEO, jamie dimon, To express “grave concerns” about what he called “explosive revelations” about the Biden administration’s alleged targeting of a political opponent.
Uthmeyer accused JPMorgan of ending its relationship with the company in March 2024 after he received a subpoena, which he described as a “fishing expedition” on behalf of the former president, which he alleged was designed to injure Trump while he campaigned for the White House.