The social network Truth Social is seen as a major platform for Trump’s communications as President of the United States.
Shares of media company Trump Media & Technology Group immediately rose 50% after it became clear that Donald Trump would win the US presidential election. CNBC reported this on Wednesday, November 6.
Over the past 30 days, the company’s shares have risen more than 105% and are trading above $51 per share. Although they have fallen more than 34% in the past five trading sessions as Kamala Harris has gained momentum in the final days of the election.
Trump Media’s asset, the Truth Social social network, is considered by traders to be the main platform for presidential communications for the new US President.
In its earnings report, the company reported revenue of just over $1 million.
Remember that Republican candidate Donald Trump won the US presidential election. The total number of votes for Trump reached the 270 required for victory.
Ukrainian Eurobonds and GDP warrants rise amid news of Trump’s victory.
Source: korrespondent
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