By Deutsche Welle
Sep 12, 2024, 02:08 AM EDT
Shares of Trump Media, the media conglomerate owned by Donald Trump, plummeted by nearly 17% after Tuesday’s presidential debate, in which most analysts said the former president fared worse than his opponent, Kamala Harris.
Shares of Trump Media – whose main asset is Truth Social, the network created by Trump when he was expelled from Facebook and X, following the January 6 assault on the Capitol – fell by 16.77%.
Priced at $15 dollars
At the time, shares were trading at $15.61, the lowest intraday price since Trump Media debuted on the Nasdaq in late March, CNBC notes.
The network itself interprets this drop as a clear sign that Trump supporters are not satisfied with what they saw in the Philadelphia debate, since the profitability of these shares depends largely on the popularity of Trump himself and his political prospects.
Trump’s exaggerations and falsehoods in the debate
Most analysts agree that during the debate, which aired on ABC News, Trump appeared very defensive, repeating all the arguments he has been making at rallies for months – including a series of exaggerations and falsehoods.
While Kamala Harris showed a more focused and above all more proactive image and some polls, including CNN’s, claim that she was the winner.
Despite this majority opinion, Trump insisted that he considers himself the winner. “We had a great night, we won the debate,” he told Fox News, and although he criticized ABC’s conduct of the debate, he insisted that it did “a great job.”
Continue reading:
- Five confrontations that marked the first debate between Kamala Harris and Donald Trump by ABC News
- CNN Snap Poll Gives Kamala Harris the Winner in Debate
- Taylor Swift backs Harris and Walz, campaign launches “friendship bracelets” for sale