The stock of Trump Media & Technology Group Corp. (TMTG), parent of Donald Trump’s Truth Social platform, has taken a nosedive, hitting a staggering low that has left investors reeling. Once valued at $175 per share, the stock plummeted to $5.05 this week, leading many to joke it now costs less than a Happy Meal.

The decline comes in the wake of the Republican Party’s disheartening performance in the recent midterm elections, which many are calling a bloodbath. As results came in, so did the drops in TMTG’s stock price—a stark reminder of how political fortunes can reflect on financial markets.

Once a darling in the stock market, DJT, the ticker symbol for TMTG, briefly surged to nearly $62 following the company’s public debut in 2024 amid Trump’s election campaign. However, that rise was short-lived, and the stock has been in rapid decline for weeks now, exacerbating concerns about the company’s stability.

Election Day was particularly disastrous for TMTG shareholders, as the stock plummeted from just under $6 to its record low. Amid this catastrophic drop, reports began circulating online, drawing comparisons between the stock price and a fast-food meal aimed at kids.

Drew Harwell, a technology contributor for the Washington Post, highlighted the situation with a wry observation, noting that a share of Trump Media’s stock is now worth about as much as a Happy Meal, a significant fall from its earlier high.

Adding humor to the situation, writer Amanda Knox pointed out the advantages of a Happy Meal—it comes with a toy, unlike the rapidly depreciating stock.

Investor caution has also been voiced, with New Yorker staff writer Philip Gourevitch advising on social media, “Do not buy the dip.” His words echo a sentiment shared among those baffled not just by Trump voters but now also by his investors.

The stock plummet isn’t an isolated event for TMTG. The company has faced substantial financial troubles in the past, reporting a staggering net loss of $712 million in 2025.

Moreover, data indicates that Truth Social’s traffic has been declining, dropping by nearly 30 percent year over year. User counts have fallen dramatically as well, plummeting from a high of approximately 420,000 in June 2025 to around 260,000 by September 2026.

The troubles facing TMTG go beyond market performance and dwindling users. Federal investigations have revealed troubling connections, including allegations of money laundering tied to Russian oligarchs, which the company has fiercely denied.

Despite multiple lawsuits against news outlets covering these stories, including an attempt to block the Guardian and Variety’s reports, courts dismissed these cases.

While TMTG has pivoted towards cryptocurrency ventures, aiming to capitalize on the digital gold rush, reports suggest these efforts have not yet proven financially viable. The Trump family’s crypto projects have raised around $2.3 billion since Trump’s return to the political sphere.

The latest stock crash is another blow to a company already under scrutiny. The potential implications of TMTG’s dwindling stock and financial instability loom large, especially as Trump gears up for his ongoing presidential campaign.

The humor from internet users and critics alike may serve as a coping mechanism for those observing the chaos surrounding Trump and his ventures. Memes and commentary flooded social media as people reacted to the significant downturn, illustrating a moment of schadenfreude for many observers.

As TMTG grapples with its finances, the pairing of political upheaval and stock market misfortunes raises questions about the future of Trump’s media ambitions and the sustainability of his brand. What lies ahead could redefine Trump’s political and financial landscape.

With the midterms and TMTG’s stock performance serving as potential harbingers of trouble, investors and observers alike will be watching closely for what comes next. Will Trump’s media empire find a way to rebound, or is this just the beginning of a longer financial and reputational decline?

As the dust settles from this week’s market upheaval, one thing remains clear: Trump’s political and financial fortunes are increasingly intertwined, and many are eager to see whether he can maintain momentum in either arena.