Breaking News Stories

Stock For Trump’s Truth Social Soars As Election Day Nears

Former President Donald Trump’s social media platform Truth Social soared on the stock market on Monday.

Truth Social parent company Trump Media & Technology Group (DJT) 15% increase, CNN Business reported Monday afternoon. (Related article: ‘It’s not too far away’: Mark Halperin says women will decide elections)

The stock price has fluctuated significantly since its listing in March. Its value quadrupled in five weeks, then plummeted 41% in the last three trading sessions, CNN Business noted.

Market analysts pointed to Mr. Trump’s recent success with election prediction sites as a potential factor in the stock’s jump. (Related article: ‘Just nervous, nervous, nervous’: CNN’s Van Jones ‘worried’ about Harris’ chances in Pennsylvania)

election betting sites Polymarket As of Monday afternoon, Trump had about a 58% chance of winning Tuesday’s election. But other polls show the race to be close, especially in battleground states.

emerson college public opinion poll The results showed Trump with a one-point lead in Pennsylvania (49% to 48%) and Georgia (50% to 49%), and Harris with a two-point lead in Michigan (50% to 48%). have an advantage. Polls show that Nevada and Wisconsin have the same number of candidates.

Trump’s net worth increased by about $500 million as stock prices soared.

“We’ve never seen anything like this,” said Gene Munster, co-founder and managing partner of venture capital firm Deepwater Asset Management. CNN. “This company’s values ​​are based almost entirely on election results.” (Related: 2020 Final New York Times/Siena College Poll Shows Contradictions, Surprising Changes in Key States)

DJT’s stock price soared more than 200% in October, the New York Post reported. reported.

Share this post: