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Trump Media Stock Plummets 11% In Premarket Trading After Democratic Midterms Sweep

Trump Media’s 11% drop followed Democrats’ congressional wins, while Rumble rose and traders reassessed the stocks’ political link.

  • On Wednesday, Trump Media & Technology Group shares plunged 11% to $5.30 after Democrats secured control of Congress, reversing the stock's pre-election gains.
  • Truth Social reported $712 million in net losses during 2025, while daily traffic on the platform fell by 30 percent over the past year, compounding financial strain.
  • Rumble stock rose 0.8% to $5.18, snapping its typical political correlation with Trump Media as the company expands cloud infrastructure and digital asset exposure.
  • Shares crashed to a record low of $5.05 on Election Day; once trading at $175 per share, the stock now sits at a fraction of its former value.
  • Trump Media plans to release Q3 2026 results on November 9, with the proposed all-stock merger with TAE Technologies serving as a critical checkpoint for investor sentiment.
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24/7 Wall St. broke the news in Lakewood, United States on Wednesday, November 4, 2026.
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