Shares of former U.S. President Donald Trump’s media company dipped and neared record lows on Wednesday, following weak quarterly results and the Republican presidential candidate’s return to social media platform X.
Trump’s dwindling lead in polls and election betting markets in recent weeks has also hit the stock, which has been seen by some retail traders as a bet on whether Trump would win a second term.
Trump majority owns Trump Media & Technology Group DJT.O, whose main asset is the Truth Social app popular among some conservatives.
On Tuesday, Trump marked his return to X with an interview with the platform owner Elon Musk.
Twitter suspended Trump’s accountin January 2021, but it was reinstated by Musk in 2022 after he bought the site and took it private. The former president has made several posts in recent days.
As many as 1.3 million people tuned in to the lengthy conversation …