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- Trump Media Company Sees Significant Stock Surge Following Assassination Attempt
Trump Media Company Sees Significant Stock Surge Following Assassination Attempt
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The parent company of Truth Social, Trump Media & Technology, saw its shares increase by 37%, resulting in a paper profit of approximately $1.2 billion for former US President Donald Trump. This surge is attributed to an assassination attempt on Trump during a rally in Pennsylvania, which boosted expectations of his potential presidential win in the November election. The incident led to increased betting odds in favor of Trump, with contracts trading at 68 cents on PredictIt, up from previous levels. Additionally, shares in companies that could benefit from a Trump presidency, such as crypto and gun stocks, also saw gains.
Most investors are not changing their overall commitment to US equities. After all, the broad stock market rose under the last Trump administration and has risen under the Biden administration as well.
Trump Media & Technology Group
- Truth Social Reports US$58 Million Loss, Shares Decrease for Trump's Company
- Trump's Social Media Company Surges in Nasdaq Debut, Reaches Market Value of Nearly US$6.8 Billion
- Investors Approve Public Offering for Trump's Truth Social Platform
sources
perspectives
countries
organizations
- 1.Trump Media & Technology Group
- 2.Truth Social
- 3.Republican Party
- 4.Twitter/X
- 5.White House
- 6.BNY-Mellon
- 7.Bradesco BBI
- 8.Cherry Lane Investments
- 9.Coinbase Global Inc
- 10.CoreCivic
- 11.Facebook
- 12.Federal Reserve System
persons
- 1.Donald Trump
- 2.Elon Musk
- 3.Ben Laidler
- 4.Bob Savage
- 5.Joe Biden
- 6.Mark Malek
- 7.Neil Wilson
- 8.Rick Meckler