Tuesday, May 26, 2026

Stock Market Up 554 Points, But Trump Media Drops — Again — to Four Month Low Thanks to Musk Interview

Share

The stock market is up! The Dow closed up 554 points today. We’re back over 40,000 after a blip last week. Inflation is down, consumer buying is up.

But guess what keeps sinking every day? Trump Media aka Truth Social. Today Trump’s stock closed at its four month low. It’s only $1 a day from its all time low. Today’s close was $23.56.

Before Trump had his debacle interview with Elon Musk on X this week, the stock was already in a daily freefall. But the combination of the interview and Trump returning to posting on X, the stock is taking a nosedive. Why would anyone invest in Trump Media if its owner is going to post elsewhere.

The whole thinking about the Musk interview was weird, too, not making Trump seem like a smart businessman. After all, TruthSocial just launched a video streaming component. Why didn’t he do the interview there? His people must be furious.

Donate to Showbiz411.com

Showbiz411 is now in its 13th year of providing breaking and exclusive entertainment news. This is an independent site, unlike the many Hollywood trades that are owned by one company. To continue providing news that takes a fresh look at what's going on in movies, music, theater, etc, advertising is our basis. Reader donations would be greatly appreciated, too. They are just another facet of keeping fact based journalism alive.
Thank you


Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

Read more

In Other News