The share price of Truth Social’s parent company, Trump Media & Technology Group (TMTG), has surged by over 100% since the beginning of the year. This 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.
TMTG 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. Despite revelations of Trump’s involvement in falsifying documents earlier this year, he maintains a significant stake in TMTG, with approximately 64.9% ownership.
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