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

Denmark lauds constructive talks with U.S. over Greenland: ‘Now we are back on track’

January 29, 2026

Denmark’s Foreign Minister Lars Lokke Rasmussen talks to journalists ahead of a EU Foreign Affairs Council meeting at the EU headquarters in Brussels on January 29, 2026. Simon Wohlfahrt | Afp | Getty Images Denmark’s foreign minister on Thursday welcomed “very constructive” high-level talks over Greenland’s future, saying the conversation about the island was “back […]

Politics

U.S. handing over seized tanker to Venezuela, officials say: Reuters

January 29, 2026

People walk in front of a crude oil tanker at Maracaibo Lake in Maracaibo, Venezuela, on January 12, 2026. After the US raid that deposed Nicolas Maduro as Venezuela’s leader, citizens hope the ensuing talks on selling its oil to US may improve their dire economic fortunes. (Photo by Margioni BERMÚDEZ / AFP via Getty […]

Politics

Immigrant released from detention after judge threatens ICE chief with contempt ruling

January 28, 2026

Todd Lyons, acting director of Immigration and Customs Enforcement, speaks during a press conference about “Operation Midway Blitz,” an immigration enforcement campaign, at a hangar in Gary, Indiana, Oct. 30, 2025. Leah Millis | Reuters The detained immigrant whose case led a top federal court judge in Minnesota to threaten the head of U.S. Immigration […]