Key facts
- Trump Media shares fell more than 11% shortly after the US market opened on Wednesday, November 4, 2026, per Forbes.
- The stock hit an all-time intraday low of $5.23, below its previous record low of $5.40 touched the prior week, Forbes reported.
- Forbes reported Trump lost $73 million from his estimated $6.5 billion fortune on Wednesday morning.
- Trump Media reported a $238.1 million net loss in the second quarter of 2026 against $1.7 million revenue, per InvestorsHub.
- Trump is sole beneficiary of a trust owning 41% of the company, or roughly 114 million shares, per filings cited by The Washington Post.
- Trump Media is scheduled to release third-quarter 2026 results after the US market closes on November 9.
Shares of Trump Media & Technology Group, the company behind President Donald Trump's Truth Social platform, fell more than 11% shortly after the US stock market opened on Wednesday, November 4, 2026, hitting an all-time intraday low of $5.23, according to Forbes. The decline followed Democrats' victory in the November 3 midterm elections, which gave them control of both the Senate and the House of Representatives.
The stock had gained around 5% during the November 3 trading session before election results became clear, 24/7 Wall St reported. Forbes reported that Trump lost $73 million from his estimated $6.5 billion fortune on Wednesday morning. The Washington Post reported shares fell more than 13% in early trading to about $5.10, and that the stock is down more than 60% this year.
Trump is the sole beneficiary of a trust that owns 41% of the company, or roughly 114 million shares, managed by his eldest son, financial filings cited by The Washington Post show. At current prices, that stake is worth roughly $600 million, down from nearly $4 billion in 2024. The company reported a net loss of $238.1 million in the second quarter of 2026 against revenue of $1.7 million, according to InvestorsHub, including $190.4 million in unrealized losses on digital assets and equity securities and $25.6 million in legal expenses.
Trump Media has announced plans to merge with a fusion-power company, expand into cryptocurrency and charge businesses for faster access to Trump's posts, The Washington Post reported. The merger still needs shareholder and regulatory approval. The company is scheduled to release third-quarter 2026 financial results after the US market closes on November 9.