Trump Media & Technology Group, the company primarily owned by former US President Donald Trump, saw its share fall to new record lows on Tuesday, August 20. Â
This comes after Trumpâs recent return to the rival social media platform X (formerly Twitter).Â
As per Reuters, the stock dropped to $21.33, down more than 4%, and was last seen at $21.84, reflecting a loss of 1.8% and marking its eighth consecutive day of decline.Â
The decline has been affected by Trumpâs diminishing lead in polls and betting markets, with some investors viewing the stock as a bet on his chances of winning a second term. Â
The shares had previously reached a peak of $79.38 during their Nasdaq debut on March 26, following a merger with Digital World Acquisition Corp.Â
Earlier this month, Trump Media, which owns the Truth Social app, reported a quarterly loss of $16.4 million and revenue of just $837,000. Â
To note, Trump resumed posting on X last week after nearly a year, which coincided with an interview with X owner Elon Musk. Â
