While Donald Trump and his team are doing all they can to spin his dreadful debate performance, Wall Street has already decided he lost to Vice President Kamala Harris.
Trump Media Company stock was already in a freefall thanks to his multiple indictments and his failing Twitter ripoff, Truth Social.
But it fell to a new all-time low on Wednesday thanks to Trump's unhinged rants, with the viral "They're eating the dogs!" moment possibly sealing his fate in November.
Shares of Trump Media & Technology Group plunged 17% Wednesday to the lowest level since Truth Social went public in late March, before ending the day at a record low, down 10%.
Early reports on Thursday indicate it went even lower, hitting $15.30 per share.
CNN reports that other Trump grifts, including Bitcoin and Coinbase, went into reverse Wednesday, giving investors even more reasons to abandon the Trumptanic.
A lockup provision keeping Trump from being able to sell shares in #TruthSocial before September 19th, when Trump will be permitted to sell his stock. However, financial experts say it would be almost impossible for Trump to quickly unload most or all of his stake without tanking the share price.
Conversely, Trump Media initially spiked 10% the day after he debated with President Joe Biden on June 28th before fizzling and ending in the red as usual.
Now, the value of Trump’s stake in the SPAC company has fallen sharply, going from $6.2 billion on May 9 to about $1.9 billion on Wednesday.