WEBVTT

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- In the past month, shares of Trump media

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and technology group have
plunged more than 35%

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as the former president's
campaign falls into disarray

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shares of Trump Media.

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The company behind former
president Donald Trump's right

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wing social media platform, truth social,

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closed down 10% Wednesday,
one of its largest slides

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to date on the heels

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of his first debate against
Vice President Kamala Harris,

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the company ended the
trading day Wednesday at $16

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and 68 cents per share,

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and the stock hit another new low of $15

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and 30 cents early Thursday
as it continues to free fall.

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That is a stark drop off from highs

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of nearly $80 in April weeks

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after the company completed its merger

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with Digital World Acquisition Core,

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the special purpose acquisition company

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or spac that took Trump Media
public on the NASDAQ under the

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ticker DJT.

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At that time, the company
had a market valuation

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of more than $8 billion.

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Since its debut on March 26th,

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the company's stock
has sunk more than 70%,

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bringing its market capitalization
to just over $3 billion.

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These new lows come just weeks

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before Trump will get the green light

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to offload his 114.75 million
shares of Trump media,

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or about 60% of the
company's outstanding stock.

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The Republican Presidential
hopeful stands to make upwards

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of $2 billion from the stock sale.

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Although the value of those
returns depends on the

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share price.

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Much of Trump media's market
performance has depended on the

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company's connection
to the former president

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and has become a proxy
for his campaign success

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and election odds.

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The company's stock slid Wednesday

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after Trump found himself
playing defense on issues

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including abortion,

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often playing into his
Democratic rival's hand

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and appearing rattled its shares spiked.

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However, following what many saw

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as a stronger debate performance
from the former president

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against President Joe Biden in June, and

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after an assassination
attempt at a campaign rally in

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