Trump Media & Technology Group shares slipped ahead of the open Tuesday and were on track to wipe out Monday’s gains.It’s developing into a pattern for the stock since Donald Trump won the presidential election last week.

Donald Trump’s social-media company doesn’t earn very much money, but that hasn’t stopped investors from buying up the stock in droves. Trump Media & Technology Group Corp. DJT, parent company of Trump’s social-media platform Truth Social, is valued at $7.8 billion, despite posting only $1 million in revenue in the third quarter.

I HAVE NO INTENTION OF SELLING,” President-Elect Donald Trump wrote on Truth Social Friday, citing “rumors” to the contrary.

DJT's rapid 300% runup on 1.3B share volume just met its match: The stout $50 barrier. As a meme stock, it is driven by social media popularity with a simple rationale: The Trump brand link to Donald Trump's possible election win.

Shares of Trump Media & Technology Group Corp. finished down 1.2% on Election Day after a wild session. Earlier in the session, DJT had traded higher by nearly 19%, but it also was down as much as 8% at another point,

U.S. stocks edged lower as momentum came out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.3% Tuesday, coming off its latest record.