Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&P 500 has risen 2%. The volatile stock was moving little in the premarket Thursday,

The case for DJT always relied on the namesake’s comeback. Now that he’s got it, the share price is floundering.

There’s been strong volume for the closely watched Trump Media & Technology stock, but no big pops after Election Day.

Shares in Trump Media did not sustain their sudden rise after Donald Trump was declared winner of the 2024 presidential election.

President-elect Donald Trump has lost nearly $800 million in his own stock since the 2024 election. Trump owns 114.75 million shares of Trump Media & Technology Group (TMTG), according to Reuters. On Election Day,

The president-elect has threatened broadcast licenses and filed lawsuits against some networks. Executives are bracing for possible deal drama.

Truth Social still has paltry revenues and a limited advertising base, and the president-elect’s majority stake raises the potential for conflicts of interest.

The CFO of Trump Media and two other executives sold a combined $16 million in stock after the presidential election, according to SEC filings and a report from CNBC. The news comes as social media users contemplate whether there will be any uncomfortable competition between Truth Social and X now that Donald Trump has tapped X owner Elon Musk to run some kind of commission to slash the federal budget by a third.