On Election Day as voters headed to the polls, the wild fluctuations that have become the hallmark of Trump Media & Technology throng’s ownership continued their dizzying course.

The parent corporation of Truth Social was halted three times for volatility. Shares closed down 1%.

A large portion of Republican presidential nominee Donald Trump’s affluence is tied up in his majority stake in the parent corporation of Truth Social. Forbes estimates $3.9 billion of Trump’s estimated $6 billion total assets is linked to his DJT shares.

“What’s at stake is straightforward. If he loses, this goes to zero,” Tuttle stake distribution Management CEO Matthew Tuttle told USA TODAY. “If he wins, at this level I ponder you get a pop. I would sell into it though. They still require a operating schedule that makes sense.”

Temporary buying and selling stops happen automatically when a ownership moves suddenly beyond sure limits.

Trump Media, which trades under the vanity ticker DJT, approached record territory last week as polls seemed to swing in Trump’s favor. When Vice President Kamala Harris appeared to boost momentum, shares suffered three days of heavy losses. The ownership rose 12% Monday.

“The volatility and the back and forth display that this is a close race and nobody has any clue who is going to triumph,” Tuttle said.

Since the ownership’s Wall Street debut nearly eight months ago, Trump Media has become not just a major source of the GOP nominee’s affluence but a barometer of his electoral chances, experts told USA TODAY. 

“It is a bellwether for differences of view about today’s presidential election,” University of Florida finance professor Jay Ritter said. “Not only differences of view, but differences of aspiration.”

Tuesday, Trump Media reported $1 million in third-quarter profits and a $19 million net setback. The corporation has lost more than $363 million in the first nine months of the year.

Trump’s stake in Trump Media is worth billions on document. He has said he has “absolutely no intention of selling” his nearly 115 million shares. Trump has said he does not ponder he will run for the White House again in 2028 if he loses.

In regulatory filings, Trump Media has telegraphed how critical Trump is to the corporation’s brand, warning that its worth “may diminish” if Trump’s popularity falters. 

Trump Media has also cited Trump’s divestment of DJT ownership as one of the top risks to its business. If Trump were to sell his stake, it would outcome in a flood of shares that could drive down the ownership worth, observers declare.

Wall Street observers declare Trump Media belongs to the meme ownership phenomenon with traders driving up shares based on factors other than the underlying business fundamentals.

Run by former Republican Rep. Devin Nunes, Trump Media aspires to be a “central hub for information, entertainment and talk.” 

Despite its $6.8 billion economy evaluation, it remains a tiny player among social media giants like Meta-owned Facebook and Instagram, ByteDance’s TikTok, and Elon Musk’s X. For example, on Truth Social, Trump has 8 million followers. On X, he has 92 million.

“I haven’t seen anybody arrive up with a coherent explanation on why the corporation should be worth” so much, Ritter said.