Shares of Trump Media fell to their lowest price since merging with Digital World Acquisition Corp. in March. The stock price peaked in July after Donald Trump was nearly assassinated at a campaign rally but has since declined nearly 50% on concerns about Trump's election prospects. Vice President Kamala Harris replaced Joe Biden as the Democratic nominee for president in July, flipping betting markets' views on who will likely win the November election. Trump Media reported a net loss of over $16 million for the second quarter while generating nearly $800,000 in revenue, with legal costs associated with the merger accounting for half the loss.