The share price of Trump Media & Technology Group (TMTG) has increased by over 100% since the beginning of the year. The fluctuation in TMTG’s stock price was observed after the election debate, with an initial rise of 13% in pre-market trading and an 8% opening. However, the price then fell by nearly 11% after about an hour of trading. The company, which owns the social media platform Truth Social, is associated with a presidential campaign led by Donald Trump, with Trump holding the majority ownership.
The fluctuations in TMTG’s stock price are believed to be influenced by investor expectations surrounding the outcome of the presidential elections in November. The company’s share price surge earlier in the year was impacted by revelations of Trump’s involvement in falsifying documents. Despite these challenges, Trump maintains a significant stake in TMTG, with approximately 64.9% ownership.
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