Truth Social Takes a Dive: Shares Plummet 26% as Election Approaches

Earlier in the week, the stock briefly surged, buoyed by heavy trading volume that prompted multiple halts on Tuesday. At one point, shares managed to climb around 8%, reaching their highest levels since May. However, this upward momentum was short-lived, particularly following former President Donald Trump’s controversial rally at Madison Square Garden over the weekend, which drew significant criticism.

Despite the recent dip, Truth Social’s stock remains approximately 200% higher than its September lows, although it has now lost around $2 billion in market capitalization. This oscillation between highs and lows is expected to continue as the election draws nearer, creating uncertainty among investors.

One investor has issued a stark warning: should Trump lose the election next week, shares of DJT could potentially drop to $0, raising concerns about the future viability of the platform. As the political landscape shifts, market watchers will be keenly observing how these developments impact Truth Social’s stock performance in the days to come.