--- title: "Trump Media’s Stock Is Rapidly Approaching an All-Time Low" description: "Former president Donald Trump's meme stock is plummeting once again — and at this rate, it might just beat its own all-time low." date: "2024-06-20" modified: "2024-06-20" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/trump-media-stock-approaching-all-time-low" categories: - "Future Society" tags: - "donald trump" - "the digest" - "truth social" --- # Trump Media’s Stock Is Rapidly Approaching an All-Time Low ![Former president Donald Trump's meme stock is plummeting once again — and at this rate, it might just beat its own all-time low.]() *\Image: Getty / Futurism\* ## Celebrity Wipeout Former president Donald Trump's meme stock is [plummeting]() once again — and at this rate, it might just beat its own all-time low. The share price of Truth Social owner Trump Media & Technology Group (TMTG) [slid by more than 17 percent]() in after-hours trading on Tuesday, showing that investors were wary of additional shares being approved for resale by the Securities and Exchange Commission and possibly diluting their holdings — and more generally that there's just not a very strong business case for the outfit's once-soaring share price. The company is hoping to [get roughly $247 million]() in proceeds from the resale, allegedly enabling it to [pursue a TV streaming app]() — a puzzling product that'll face heavy competition, especially with the site's limited userbase. Shares had begun their renewed decline [following]() Trump being [found guilty on all 34 felony counts]() in his hush money trial last month, falling by [upwards of 40 percent]() since then. Over the last couple of months, the meme stock has been on a rollercoaster ride, swinging from a record high of almost $80 in March — shortly after [merging]() with a blank check acquisition company — to a record low in mid-April of just $22.84. And given the latest trend, Trump's social media scheme could soon beat that floor record, hovering at just around $28 at press time and hitting lows of just $26 the same morning, for an overall 30 percent slump in just five days. ## Low Country Beyond having practically no feasible product and being [astronomically overvalued](), TMTG has struggled to reassure investors, admitting it couldn't force Trump to prioritize his own social media platform Truth Social when posting, as [*USA Today* reports](). Meanwhile, more troubling stories about the former president are coming to light. Earlier this week, former chief medical adviser Anthony Fauci [revealed]() that Trump called the current president "that fucker Biden" during a phone call, promising to "kick his fucking ass" in the days leading up to the 2020 election, as detailed in his upcoming book. Trump's Truth Social bet is still worth a whopping $5.5 billion, an extraordinary valuation for a company that [lost more than $300 million]() last quarter. The company's failure so far has [seemingly done little to deter Trump's fans](), who are eager to support his bottom line and reelection bid at all costs. In short, it's impossible to predict where the meme stock will go next. But given the latest news, Trump's fundraising bid on the open market isn't going well, with the former president [losing $267 million]() from his declining shares over this past weekend alone. **More on Truth Social:** *[Trump's "Truth Social" Stock Is Crashing Again]()* ## 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]()