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Trump Media stock plunges 24.5% amid Democratic Congress win, hitting record lows with no clear company news.

Market News
05 Nov 2026, 19:53 WIB
24/7 Wall Street
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Bearish
Trump Media stock plunges 24.5% amid Democratic Congress win, hitting record lows with no clear company news.

Shares of Trump Media & Technology Group dropped 24.54% on November 4, 2026, reaching a record low after Democrats won control of Congress, wiping out about $406 million in market value. The selloff appears driven by investor concerns over potential investigations into the Trump family's business dealings, despite no direct subpoenas or announcements. The company holds significant Bitcoin assets and is pursuing a merger with a fusion energy firm, but political risks and upcoming earnings on November 9 add uncertainty. The stock's decline reflects fading political premium and worries about the company's future revenue and merger execution.

Trump Media and Technology Group shares continue to face pressure, trading down 9.13% at USD 4.08 on Pluang. Bitcoin-linked assets also show weakness, with the iShares Bitcoin Trust down 5.14% at USD 43.00. These figures are as of Nov 06, 2026 01:12 WIB.

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