Trump's Media Stock Sees Wild Swings Amid Election Speculation
TL;DR Summary
Shares of Trump Media & Technology Group, the owner of Truth Social, surged 13% on Election Day, following a 12% gain the previous day, as traders speculate on the impact of a potential Trump victory on the company's value. Despite generating minimal revenue, Trump Media's market valuation has soared to nearly $8 billion, comparable to major media conglomerates. However, experts caution that the stock's value could plummet if Trump loses the election, as the company lacks substantial financial backing.
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- Trump loses $2.4 billion in net worth after his social media stock implodes right before the election CNN
- A moment of truth for Trump’s stock-market riches POLITICO
- Donald Trump’s Net Worth Has Doubled In October To $8 Billion As Trump Media Stock Skyrockets Forbes
- Trump Media stock jumps 12% on Election Day as traders bet Truth Social will benefit from his potential win CNBC
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