Trump Media Stock Falls 97% From Peak as Losses Keep Mounting
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A fresh record low means the meme-era bid is gone, with Bilello pointing to cumulative net losses that keep stacking up since the merger.
RT @charliebilello: Trump Media stock is now down 97% from its peak, hitting another all-time low today. Its cumulative net losses since i…
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Charlie Bilello flagged on November 5, 2026 that Trump Media stock had hit another all-time low, now sitting 97% below its peak, erasing nearly the entire meme-era market cap.
The original spike was fueled by speculative enthusiasm around the merger, but Bilello points to cumulative net losses that have been stacking up ever since as the underlying business reality reasserts itself. Stocks can trade on narrative for a while, but 97% drawdowns tend to reflect something structural.
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Hitting a fresh all-time low matters because it signals that each prior support level has now failed. Buyers who stepped in at any point since the peak are underwater, and the latest low removes any argument that the stock found a floor.
The post drew 51 retweets with no recorded likes or replies at the time of publication, suggesting the audience was simply sharing the data point. When a number this stark circulates without pushback, it tends to reflect a broadly accepted narrative around the stock's trajectory.