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Trump Media collapses amid election-related volatility – 04/11/2024 at 3:10 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

November 4 – ** Shares of Trump Media & Technology Group DJT.O fall about 3% to $29.70 premarket; they are expected to open at their lowest level in three weeks, if losses continue

** Democratic US presidential candidate Kamala Harris overtakes Republican Donald Trump in new Iowa poll

** DJT, which operates the Truth social media platform, is seen as a proxy for Trump's electoral prospects

** Traders warn of extreme volatility in DJT stock post-election as its trades are detached from company fundamentals

**DJT reported a loss of $16.4 million and revenue of $837,000 in Q2

**DJT stock doubled in October after poor performance in previous months

**The company has a market capitalization of approximately $6 billion

**As of last close, the stock is up ~159% since hitting its lowest level in late September

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