Trump’s social media company has lost over $31 million since its launch, faces potential shutdown
- Trump Media shares fell nearly 12% in another volatile trading day leading up to the 2024 presidential election between Donald Trump and Kamala Harris.
- DJT stock was halted twice as shares rapidly dropped at the start of another volatile trading session.
- The company, which is majority-owned by former President Donald Trump, had previously fallen more than 22% on Wednesday.
Shares of former President Donald Trump's media company fell nearly 12% Thursday in another volatile trading day leading up to the 2024 presidential election.
The slide marked Trump Media's second straight day of steep declines, paring back a recent stock rally that had more than doubled the company's share price in a matter of weeks.
Trump Media, which trades as DJT on the Nasdaq, was halted twice due to volatility within the first hour of trading on Thursday morning.
Get top local stories in San Diego delivered to you every morning. Sign up for NBC San Diego's News Headlines newsletter.
The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the 2024 presidential election.
Trump owns nearly 57% of the company.
