Shares of Trump Media, traded under the ticker DJT, experienced a significant decline of 20% on November 7, 2024, reversing gains made following Donald Trump's election victory. The stock fell sharply during morning trading, contributing to a total decrease of 13% since the election results began to emerge. This sell-off resulted in an estimated loss of $834 million in Trump's net worth for the day. Despite the downturn, DJT shares had previously surged after the election, reflecting investor optimism. On November 8, however, the stock rebounded by 15% after Trump announced he would not sell his shares, addressing concerns about market manipulation.