The stock in Trump Media & Technology – the media company of the Republican presidential candidate Donald Trump – plummeted by over 15 percent in futures trading on Wall Street following the TV debate against the Democrats' Kamala Harris.
The price stood at $18.63 at Tuesday's close, but cost only $15.80 ahead of Wednesday's opening. This is the lowest price since the listing in the spring and can be compared to the historical highs of almost $80 per share.
Former President Trump owns nearly 115 million shares in the company, or 64.9 percent of the shares. This means that Trump's shares in the company – a large part of his fortune – have lost the equivalent of 30 billion kronor in value since the spring.
According to an ownership agreement, Trump is not allowed to sell any shares in the company until September 25 – that is, six months after the listing at the end of March.
