Republican Party candidate Donald Trump has suffered a major setback in the upcoming US presidential election. Trump Media and Technology Group’s stock saw a record drop on Tuesday after Trump’s return to social media platform ‘X’ after a long time. According to the report, Trump Media’s stock fell more than 4% to a low of $21.33. The stock was last down 1.8% at $21.84. Trump’s company’s stock has been falling continuously for the last 8 days.
The setbacks that Trump has been receiving in the market for the last few days have now fueled the apprehension whether Trump will win the next election or not. Let us tell you that after the attack on Trump a few days ago, there was a record jump in the share prices of Trump Media and Technology Group. But now it is seeing a decline. Earlier this month, Trump Media (whose main asset is Truth App) reported a quarterly loss of $16.4 million and a revenue of only $837,000. Now the market value of the company is around $4.3 billion, which was more than $8 billion at the beginning of this year.
Also read: ‘He has bowed down to Putin…’, President Biden lashed out at Trump at the Democratic National Convention
Trump became active on X before the interview with Musk
Let us tell you that Trump returned to X last week after almost a year. After this, he also did an interview with Elon Musk. After being suspended from Twitter, Trump launched his new social media platform.
What did Trump say in the interview
In this interview, Trump had given frank answers about Biden, Kamala Harris and the wars being fought on many fronts around the world. In the interview, Trump also talked about the attack on him. He said that it was a horrific experience. I immediately knew that I had been attacked, shot. After this attack, my faith in God has increased. I have become more of a believer. Trump had said in this interview that Biden has been overthrown in the presidential election.