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Trump Media’s Stock Price Soars on His Presidential Win, Boosting Value of Trump’s Stake to Over $5 Billion
After Donald Trump's presidential victory, shares of Trump Media soared — boosting the value of his stake to more than $5 billion.
Its shareholders are largely individual investors, who appear to trade the stock not based on its financial fundamentals but as a kind of token of their Trump fandom — or as a bet that the company’s fortunes will rise with his return to the White House. The company says its mission is to “end Big Tech’s assault on free speech by opening up the internet and giving people their voices back.” In August, it launched Truth+, a video-streaming platform “focusing on family-friendly live TV channels and on-demand content.” Trump formed TMTG in 2021 after he was banned from Twitter (now owned by Musk, who renamed it X), Meta’s Facebook and Instagram, YouTube and other internet platforms, which said he had violated rules against inciting violence in connection with the Jan. 6 attack on the U.S. Capitol.
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