Trump Media stock falls as Democrats sweep both chambers of Congress
The gist
Trump Media shares fell as much as 11% in premarket trading after Democrats won the House and Senate.
The Trump-linked stock has lost over half its value this year.
How it unfolded
- Jun 23, 2025Trump Media said it would buy back $400 million of its own shares, funded separately from its Bitcoin treasury strategy; shares rose just over 2%.
- Dec 16, 2025The stock closed around $10.50 a share, down from a high of about $62 when it began trading in March of last year.
- Apr 23, 2026Trump Media temporarily replaced CEO Devin Nunes with digital media executive Kevin McGurn, giving no reason or timeline for a permanent replacement.