Trump Media experienced a dramatic drop of more than 10% in its stock following the first U.S. presidential debate between President Joe Biden and former President Donald Trump. Despite an initial 5% increase, shares in the owner of Truth Social eventually plummeted throughout the day. President Biden's performance during the debate was criticized as uneven, with Trump countering by spreading falsehoods about key issues. Biden's odds of remaining the Democratic nominee also decreased significantly in political futures markets. Citi analysts suggested potential increased interest in Trump Media & Technology following the debate. The company's stock, known as "DJT," has been incredibly volatile since its debut, with significant percentage swings both upward and downward in a single day. Despite its rollercoaster performance, Trump Media reported significant losses of over $300 million in its first earnings report as a publicly traded company.