Trump Media Soars After Trump Wins Presidential Election
- Shares rise as much as 35% at open before trimming gain
- Stock’s rally adds about $500 million to Trump’s net worth
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Shares in Donald Trump’s media company surged after the Republican was elected the 47th president of the United States and investors touted the stock across social media platforms.
Trump Media & Technology Group Corp. jumped as much as 35% at the market open, before trimming gains to about 12% and triggering a halt for volatility, as investors gamed out how Trump’s return to the White House could impact the company that bears his initials. At its peak, the advance was the largest intraday move since mid-July, when the stock gained after a failed assassination attempt on the former president.