Trump Media Shares Plunge and Wipe Out Election Victory Gains

Trump Media share prices plummeted on Thursday, wiping out the post-election gains that briefly made Donald Trump a much wealthier man. As Trump looked to be headed for victory Wednesday morning, the company’s stock skyrocketed by 35 percent in premarket trading. As a result, the value of the president-elect’s shares shot up from $3.9 million to $5.3 million at the opening bell. At the end of regular trading, the stock was still up by a more modest 5.9 percent. But on Thursday, the share price plunged by 20 percent during morning trading, CNBC reported, eliminating the electoral bump. Throughout the election, the share price for Trump Media & Technology, which operates the social media platform Truth Social, fluctuated wildly based on its majority shareholder’s perceived chances of victory. The end of the election doesn’t seem to have brought an end to the share price’s wild ride. One thing has remained consistent, though. The company released an earnings report on Tuesday saying it had lost $19.2 million in the third quarter of this year. That’s on top of $58.2 million it lost in 2023 and $28.5 million it lost during the first half of 2024.

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

As the election data continues to roll in, a clearer picture emerges of Donald Trump‘s victory and just how broad support for his candidacy was. Not only did Trump win every swing state, he also swept the blue wall and made inroads in previously Democrat-voting districts. One of those was Blue Earth County in Minnesota, where Kamala Harris‘s running mate Tim Walz lived before he became the state’s governor. Walz spent two decades in Blue Earth County, first as a social studies teacher and football coach, then as its Representative in Congress. Despite going blue in 2020, the county tilted Trump in this contest, awarding the president-elect 49.6 percent of the vote to Harris’s 48.3 percent, per The New York Post.

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

Looking for a memorable gift for a dog parent in your life—or for yourself? Embark’s Dog DNA test offers a unique way to bring owners and their pups closer than ever.

Developed by veterinarians, Embark’s highly accurate Breed ID test offers a comprehensive breakdown of a dog’s breed, family tree (all the way back to their great-grandparents), and geographic origin. It even gives owners the ability to reunite dogs with their canine relatives. According to Embark, 94% of dogs tested have at least one database match that’s as genetically related as human first cousins!

That’s a fun reason to get this. Now here’s a serious one: if you decide to get the Breed + Health Test, your giftee can get all of the above and screen their dog for over 270 genetic health risks, like drug sensitivities and degenerative diseases, as well as predisposed traits like shedding and appetite. Embark offers the gift of deeper insight into a dog’s needs, helping owners give dogs their best lives.

No matter which tests you get, they all start with a swab of the inside of the dog’s mouth which is analyzed by Embark’s lab. Right now, you can pick up a Breed ID Test for $99 ($30 off) or a Breed + Health test for$139 ($60 off).

Breed ID Test

Originally $129

Buy At Embark$99

Free Shipping

Breed + Health Test

Originally $199

Buy At Embark$139

Free Shipping

If you buy something from this post, we may earn a small commission.

In case you have been wondering, the hideous black balls that washed up on Australia’s shores last month turn out to be miniature “fatbergs,” CNN reports. Although the weird scourge of blobs first appeared to be made of tar, due to their shiny viscous texture, they actually comprise an evil mix of “human feces, methamphetamine, human hair, fatty acids, and food waste, among hundreds of other vile and befuddling substances,” as CNN puts it. This crack in the case comes courtesy of the New South Wales Environment Protection Authority, which began analyzing the balls after they turned up on several Sydney beaches in mid-October. Testing now reveals an amalgamation of oils—cooking, motor, etc.—soaps, hygiene products, food waste, and whatever else people wash down their drains. CNN reports that they “smell absolutely disgusting, ...worse than anything you’ve ever smelt,” which scans. Still no telling where they might have come from, though.

All of his bouncing has paid off: Elon Musk appears to have been absorbed into Donald Trump’s family fold. The billionaire was included in an election-night group photo—posted to Musk’s X by Don Jr.’s daughter Kai and captioned “the whole squad”—featuring all the Trumps except Melania. In the pic, Musk is sandwiched between Eric and Lara Trump, holding his son X-AE-A12 and sort of smiling. Unfortunately he has a lot to sort of smile about: For starters, the $119 million he spent on the Trump campaign proved to be a lucrative investment, the win accompanied by a $21 billion stock-fueled surge in Musk’s net worth. Trump has also floated the idea of offering Musk a cabinet position; something fake-sounding and as-yet nonexistent like “secretary of cost-cutting.” And now, it looks like he’s part of the family. Huh!

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

Scouted selects products independently. If you purchase something from our posts, we may earn a small commission.

After a long day of putting out fires both at work and home (or maybe just after watching the news), many of us feel like we need a little something to take the edge off. If you’re looking for a zero-proof remedy to replace your glass of wine, can of beer or nightly cocktail, TRIP’s calm-boosting sparkling drinks may be just what you need to unwind sans the side effects of alcohol. Available in four delicious flavors—cucumber mint, elderflower mint, peach ginger, and raspberry orange blossom—TRIP’s Mindful Blend is infused with natural ingredients like magnesium and lion‘s mane, which may help reduce stress, boost mood, and enhance focus. Each can contains just 27 calories and has zero added sugar. Plus, your purchase offers more than just tasty drinks.

TRIP Sparkling Drink

Shop At TRIP Drinks

TRIP recently partnered with Calm—the world’s leading app for sleep, meditation, and relaxation—for a partnership as unique as TRIP’s drink blends. With any purchase of the Mindful Blend, you’ll receive a complimentary Calm membership (a $45 value). With over 500 soundscapes, sleep stories, and guided meditations, Calm is an invaluable resource whenever you need a moment of relaxation. This is the perfect pair to upgrade and enhance your wind-down routine.

Donald Trump may not have Vladimir Putin on speed dial just yet, but it appears the Russian leader is awaiting a call from the new president-in-waiting. According to Kremlin spokesman Dmitry Peskov, Putin is on stand-by after Trump’s 2024 presidential election triumph. “It is not excluded,” said Peskov, who added that Trump “did say that he would call Putin before the inauguration. That is his word, we have nothing else to say for now.” He was referring to Trump’s claim during his September debate with Kamala Harris that he would end the war in Ukraine before his January 20, 2025, inauguration. “That is a war that’s dying to be settled,” said Trump. “I will get it settled before I even become president. If I win, when I’m president-elect and what I’ll do is I’ll speak to one, I’ll speak to the other, I’ll get them together. I know Zelenskyy very well and I know Putin very well. I have a good relationship, and they respect your president, O.K., they respect me, they don’t respect Biden,” he added.

Putin’s Pals Gloat Over His Cunning ‘Play’ to Help Trump Win‘PRO-TRUMP TROLLING’

Julia Davis

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

The Guardian newspaper in the U.K., which has a large U.S. presence, has reminded its journalists they have access to 24/7 mental health support as part of their benefits package following Donald Trump’s election to the White House. “I know the result has been very upsetting for many colleagues,” said the paper’s editor-in-chief, Katharine Viner, in an email to staff following the election, which was first reported by the right-wing news site Guido Fawkes. “It’s upsetting for many others, too. If you want to talk about it, your manager and members of the leadership team are all available, as [is] the People team.” Viner went on to detail several mental health supports staff can access under their regular employee benefit plan. Multiple sources at The Guardian, who spoke to the Daily Beast, said it is not unusual for Viner to remind staff of these benefits—which have been around for years—after notable or traumatizing news events. Similar messages have been communicated, for example, around the war in Gaza. A spokesperson for The Guardian told the Daily Beast that the paper was simply flagging “our employee assistance program—a function that any responsible international media organization has available for staff at all times.” Most major news orgs do have similar benefits—for example, The Guardian’s conservative rival, The Telegraph, which also reported on Viner’s memo, boasts on its website that employees have access to “a brilliant network of Wellbeing Champions and trained Mental Health First Aiders who help to drive the mental health agenda across the organisation.”

Queen Elizabeth II made a “factual and practical” last entry in her diary, believed to be her final written words, just two days before her death, a new biography of King Charles says. Elizabeth, who died in 2022 at the age of 96, wrote, “Edward came to see me,” understood to be a reference to her private secretary, Sir Edward Young, who was memorably dubbed “the bee” by Prince Harry. In a new biography of Charles by historian Robert Hardman, the author says: “It transpires that she was still writing (her diary) at Balmoral two days before her death. Her last entry was as factual and practical as ever. It could have been describing another normal working day starting in the usual way – ‘Edward came to see me’ – as she noted the arrangements which her private secretary, Sir Edward Young, had made for the swearing-in of the new ministers of the Truss administration.”

Police in South Carolina are trying to hunt down and capture a group of 40 monkeys that escaped from a research facility in the Lowcountry. Yemassee Police Department said in a Facebook post Wednesday that multiple officers, plus staff from the Alpha Genesis Primate Research Center, were searching for the runaways using thermal imaging cameras (and, presumably, some big bunches of bananas). “Residents are strongly advised to keep doors and windows secured to prevent these animals from entering homes,” it said. “If you spot any of the escaped animals, please contact 911 immediately and refrain from approaching them.” Social media posters said it was not the first ape escape from the Alpha Genesis facility, which, according to its website, “provides the highest quality nonhuman primate products and bio-research services world-wide.”

Scouted selects products independently. If you purchase something from our posts, we may earn a small commission.

Skincare professionals and dermatologists have used red light therapy for in-office aesthetic treatments for years thanks to its clinically approved and FDA-cleared benefits. LED light therapy has been shown to address several skincare concerns, from targeting fine lines and combatting redness to helping heal acne and fading scars.

In the past, at-home red light therapy treatments have been bulky and not exactly user-friendly, but thanks to innovative beauty tech brands like SolaWave, you can reap the benefits of LED light therapy without booking an appointment with a derm. Solawave is a leader in the growing aesthetic LED light therapy space, known for its 4-in-1 Light Therapy Wand. A laundry list of celebs with envy-inducing complexions like Sydney Sweeney, Nicole Kidman, Megan Fox, and even Pedro Pascal have reportedly used the brand’s rejuvenating devices.

Solawave 4-in-1 Red Light Therapy Facial Wand Kit

SolaWave’s compact 4-in-1 Facial Wand is the brand’s hero product for a good reason—it’s a quadruple threat. The multifunctional skincare tool is engineered with five LEDs that emit 660nm of red light on the bar to address redness, fine lines, and sagging skin, along with microcurrent technology, heat, and vibration to help lift, sculpt, and de-puff. Grab the celeb-loved tool while it’s half off.

Buy At Solawave$85

Free Returns | Free Shipping

If you‘re hoping to get a jumpstart on your Black Friday shopping and beat the rush, you’re in luck. SolaWave has kicked off its Black Friday sale early this year, giving you extra time to score major savings on its LED light therapy tech and skincare kits.

SolaWave is offering buy one, get one free its LED light therapy kits, including its cult-favorite 4-in-1 Facial Wand set right now, which uses red light, vibration, heat, and microcurrent therapies to tighten, lift, and smooth the skin. Each kit includes one of SolaWave‘s light therapy devices and a light-enhancing topical skincare formula to amplify the device’s benefits. Treat yourself to a pre-holiday glow-up and gift the other one (you can mix and match!) to another skincare lover on your holiday-to-shop-for list.

A law clerk whom Donald Trump frequently disparaged in social media posts during his civil fraud last year has been elected as a judge in New York City. Allison Greenfield, 38, ran unopposed for one of six seats on Manhattan’s civil court after her candidacy was endorsed by a local Democratic committee, reported the Associated Press. She clinched the seat in Tuesday’s general election. Last year, Greenfield was serving as a principal law clerk for Judge Arthur Engoron when she drew Trump’s ire. Raging in social media posts, Trump called it “disgraceful” that Greenfield was involved in his case and alleged that she had political biases over a photo of her with former Senate Majority Leader Chuck Schumer. Trump’s lawyers also joined in with making disparaging comments about her, accusing her of serving as “a de facto co-judge” in Trump’s trial. Engoron twice fined Trump $15,000 for violating a gag order.

Pro-Palestine activists who thought they were stealing a statue of Israel’s first president, Chaim Weizmann, accidentally grabbed a bust of much-admired Victorian chemist, public safety pioneer, and amateur soccer player Harold Baily Dixon instead. The Palestine Action activists posted clips of themselves smashing a glass display case and stealing two busts from the University of Manchester, claiming they depicted Weizmann, to mark the 107th anniversary of the U.K.’s 1917 Balfour Declaration, which declared support in principle for “a homeland for the Jewish people.” In fact, one of the busts was of Professor Dixon, a chemist at the university. The group subsequently posted a picture of the statues of Weizman and Dixon dressed in keffiyehs and daubed with red paint followed by an image of one of the busts with the head apparently cut off, writing: “First bust of Weizmann is dead. Soon, his Zionist project will be too!” The University of Manchester has said it appears that the bust of Weizmann was the one “beheaded” and appealed for the return of the Dixon statue.