It surged after theattempt on his lifeand after hetrounced Joe Bidenin their first debate.
Ahead of the debate on Tuesday, the company was up 3 percent.
The shares arenow tumblingfollowing an awful performance during his first debate with Harris.
U.S. Republican Presidential Candidate and former President Donald Trump listens at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona.© Rebecca Noble / Stringer
Bereft of his favored rival Biden, Trump was the old man on stage.
He ranted about immigrants devouring ducks and cats while Harris looked on, confused.
Trump has billions of dollars of personal wealth tied up in Trump Media.
He owns almost 115 million shares of the company and his personal wealth fluctuates along with the stock price.
The day is coming when Trump can cash in on those shares.
A lockup provision that has kept him from selling off his stake ends on September 19.
In eight days, if he wanted to, he could cash out his stock and make a mint.
Every bad political moment between now and then could weaken that ultimate payout.
Trump Media could always surge again.
Both his political fortunes and his stock price are chaotic and prone to wild swings.
But even the degenerate gamblers onPolymarketnow have Harris beating Trump.
Polymarket has been bullish on Trump for weeks now with Harris post-convention boost slowly leaking away.
The hour before the two took the stage, the predictive gamblers had laid odds on Trump beating Harris.
52% of people were betting Trump would win.
Harris was only at 46%.
As the debate wore on, Trumps numbers slid.
People were selling Trump tokens and snatching up Harris.
As of this writing, Harris is up 4% and sitting at 50% total.
Trump has slumped down 3% to 49.
News from the future, delivered to your present.
Tesla Stock Price Reaches Death Cross Status
Fitting for a CEO who loves to play martyr.
