Trump Media plummets 22%, cutting into DJT rally days before election

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Aytac Unal/ | Anadolu | Getty Images

Shares of Trump Media dropped much than 22% Wednesday, pouring acold h2o connected a singular rally that added billions of dollars to erstwhile President Donald Trump's on-paper nett worthy successful the run-up to the 2024 election.

DJT stock, which closed astatine $51.51 per stock connected Tuesday, was trading nether $40 astir noon ET Wednesday.

Trump, the Republican statesmanlike nominee, owns astir 57% of the company, according to caller regulatory filings.

His involvement arsenic of midday Wednesday was worthy astir $4.5 cardinal — astir $1.4 cardinal little than wherever it stood Tuesday afternoon.

Trump has vowed not to merchantability his shares.

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