Trump Media plummets 22%, cutting into DJT rally days before election

Aytac Unal/ | Anadolu | Getty Images

Shares of Trump Media dropped more than 22% Wednesday, pouring cold water on a remarkable rally that added billions of dollars to former President Donald Trump’s on-paper net worth in the run-up to the 2024 election.

DJT stock, which closed at $51.51 per share on Tuesday, was trading under $40 around noon ET Wednesday.

Trump, the Republican presidential nominee, owns nearly 57% of the company, according to recent regulatory filings.

His stake as of midday Wednesday was worth around $4.5 billion — nearly $1.4 billion lower than where it stood Tuesday afternoon.

Trump has vowed not to sell his shares.

Trump Media (DJT) Stock Price

This is developing news. Please check back for updates.

Read more CNBC politics coverage

Source

Politics

House to vote on final funding bills with shutdown deadline near

January 22, 2026

Speaker of the House Mike Johnson, R-La., and House Majority Leader Steve Scalise, R-La., right, respond to a question during a news conference in the Capitol Visitor Center after a meeting of the House Republican Conference on Wednesday, Jan. 7, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images The House of Representatives is […]

Politics

Trump sues Jamie Dimon, JPMorgan Chase over alleged ‘political’ debanking

January 22, 2026

President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing his and related entities’ accounts in early 2021 after decades of being customers of the bank, allegedly for political reasons. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and […]

Politics

Europe must consider retaliating against Trump’s tariff ‘blackmail,’ business leaders tell CNBC

January 22, 2026

Business groups have told CNBC that the EU must consider retaliatory measures in response to U.S. President Donald Trump’s threats to impose tariffs on the bloc. The EU has frozen its EU-US trade deal in response to Trump announcing plans to impose 10% tariffs on six EU nations, alongside the U.K. and Norway from Feb. […]