Donald Trump saw almost £300m wiped off his fortune yesterday as shares in his social media group tumbled after the first presidential debate with Kamala Harris.
Trump Media & Technology Group, which is behind the former Republican president’s Truth Social platform, fell almost 18pc as investors decided Harris won Tuesday night’s head-to-head.
Trump launched Trump Media in 2022 to rival what he called the ‘liberal media consortium’
Its shares tend to rise and fall as his chances of being elected fluctuate. A victory for Trump, 78, is seen as good, as it is likely to drive traffic to Truth Social with users signing up to hear his views.
Trump launched Trump Media in 2022 to rival what he called the ‘liberal media consortium’.
The group went public on Wall Street in March and his 57pc stake forms a large chunk of his personal fortune.
The stock hit $79.38 on its debut, valuing the stake at £7bn, but fell as low as $15.30 yesterday, a loss of £293m, leaving it valued at £1.35bn.
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