--- title: "Truth Social’s Stock Price Can’t Seem to Stop Falling After Trump’s Brutal Defeat in the Midterms" description: "Shares of the parent company of Donald Trump's Truth Social plummeted over ten percent on Thursday alone, compounding major losses." date: "2026-11-05" modified: "2026-11-05" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor.md" url: "https://futurism.com/future-society/truth-social-stock-price-falling-midterms" categories: - "Finance" - "Future Society" --- # Truth Social’s Stock Price Can’t Seem to Stop Falling After Trump’s Brutal Defeat in the Midterms ![A photo illustration of Donald Trump and DJT shares.]() *Getty Images / Futurism* After his party suffered a historic defeat in this week's midterm elections, president Donald Trump's Truth Social is following suit. Shares of the social media platform's parent company, Trump Media & Technology Group (TMTG), [hit an all-time low]() after Trump's candidate picks were roundly rejected by American voters. As it turned out, investors weren't finished. Shares plummeted another ten percent on Thursday, compounding major losses. The stock temporarily even dropped below the $4 mark, a dismal abyss after the [$80 share price]() the company recorded in March 2024 shortly after merging with a blank check acquisition company to go public. Given the company's catastrophic financials — TMTG [reported a staggering $238 million loss]() while making less than $2 million — it's perhaps the clearest sign yet that the venture is more an indicator of Trump's popularity than a viable business. Now that the president's approval rating is at a record low, [hovering at just 33 percent]() as his party gets shellacked nationally, it's no wonder his social media play isn't faring much better. As it became clear that it wasn't picking up much actual market share as a Twitter clone, the company made various efforts to pivot to everything from [prediction markets]() to a [war chest of rapidly depreciating Bitcoins](). It even [merged with a nuclear fusion company]() this year. But none of those efforts have gained any visible ground. Worse yet, some of the president's most loyal supporters — who agreed to lend his firm money despite it incurring massive losses — feel disillusioned. Investor and oil and gas engineer Chad Nedohin [told the *New York Times*]() that he feels betrayed, claiming that TMTG strayed too far from its purported mission of promoting free speech. He's since sold most of his shares. "The early shareholders did the right thing for the right reason, but it is devastating that Trump is not the person we thought," he told the newspaper. **More on Trump Media:** [*Truth Social Stock Crashes to All-Time Low After MAGA’s Massive Defeat*]() ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]() ## More - [Bill Gates Admits to Multiple Affairs in Epstein Fallout]() - [The Venezuela Polymarket Scandal Is Looking Really Bad]() - [Stan Lee Resuscitated for AI-Powered Hologram at Comic Con]() - [Insider Trading on Polymarket Is Revealing Military Secrets]() - [Fed Boss Concerned About AI’s Effect on Job Market]() - [Attention Writers: Anthropic Might Owe You $3000 (or More!) If It Was Trained Using Your Work]() - [Wall Street Analyst Warns That Nvidia Is Facing Serious Trouble]() - [Nvidia Is Quaking in Its Boots]()