With the Value of Stock in Trump Media & Technology Group Corp, the Parent Company of Truth Social, Already Having Lost 80 Percent of Its Value, Investors Big and Small Are Casting a Wary Eye at the November Election Where a Donald Trump Loss Could Make T

According to a report from Politico's Declan Harty, investment advisers are cautioning their clients that the stock could equally be headed for boom or bust

Investors in Trump Media & Technology Group Corp, the parent company of Truth Social, are anxiously awaiting the results of the upcoming presidential election, as the stock's fate seems to be closely tied to Donald Trump's political future, Bloomberg reports.

After a promising debut on Wall Street last year, the stock has lost around 80% of its value, leaving investors with substantial gains or losses depending on when they bought in.

Now, as Trump faces an uphill battle in the polls, investors are being warned by their advisers that the stock could either boom or bust, with one telling Politico that everyone involved is "gambling on the election."

"He’s, shall we say, a mercurial person,” Interactive Brokers Chief Strategist Steve Sosnick said of Trump, who has told reporters that he has no plans to sell his majority stake, which is currently valued at about $1.6 billion. "So it’s not 100 percent clear that he won’t change his mind — or hasn’t changed his mind.”

The former president has previously expressed frustration with the stock's performance and has been discussing the possibility of selling his stake or merging the company with another group, according to people familiar with the matter.

Those talks have not advanced recently, and Trump has also been focused on other ventures, including the launch of his own digital trading cards, the report said, citing the people, who asked not to be identified discussing private conversations.

Meanwhile, a Trump campaign spokesman did not immediately respond to a request for comment and a representative for Trump Media declined to comment, the report added.