Trump Media shares spike 50% after assassination attempt
CNN
The value of former President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend.
The value of former President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend. Trump Media & Technology Group’s share price surged 53% in premarket trading, putting it on track for what would easily be the biggest single-day gain since the company debuted in late March. The spike is sharply lifting the value of Trump’s dominant stake in the owner of Truth Social. At current prices, Trump’s 114.75 million shares in Trump Media are worth about $5.6 billion. That’s up from $3.5 billion on Friday, the day before Trump was shot at a rally in Butler, Pennsylvania. Trading under the ticker symbol “DJT,” Trump Media has achieved a massive valuation despite making little revenue and Truth Social remaining a tiny player in social media. Experts have said Trump Media is a meme stock: trading on momentum and hype, not fundamentals.
