Investors reacted poorly to the publicly traded conservative companies we track: Truth Social parent Trump Media and Technology Group, social video platform Rumble, e-retailer PublicSquare, and radio power Salem Media. Stock prices for all four declined between Election Day and November 15, a period when the overall market was up 2.7 percent.
Topic: Rumble
Right Wing Media Lose Luster on Wall Street
By David Lieberman: You can add Wall Street investors to the pollsters and prediction market gamblers who believe Kamala Harris has begun to derail Donald Trump’s presidential campaign.
Wall Street Sours on Right Wing Companies
Wall Street appears to be tiring of the sector. Over the last 12 months — a period when the benchmark Standard & Poor’s 500 rose 21.8 percent — Rumble shares fell 35.1 percent, Public Square’s down 69.1 percent, and Salem (which no longer trades on one of the major stock exchanges) dropped 71.3 percent.