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Cheddar News
  • 1 year ago
Former President Donald Trump's social media company is experiencing a surge on Wall Street, driven by speculation about his potential return to the White House
Transcript
00:00Former President Donald Trump's social media company is experiencing a surge on
00:04Wall Street driven by speculation about his potential return to the White House.
00:09Until recently, Trump Media and Technology Group was struggling with its share price
00:13plunging to a record low of $12.15 on September 23rd, an 82% drop from its peak. However,
00:21the owner of True Social has seen a significant recovery with shares rebounding
00:26by approximately 120% in the past three weeks. Just last week, the stock spiked nearly 50%
00:34and gained another 5% this Monday, October 14th.
00:37The turnaround reflects investors' renewed interest in Trump's political prospects.
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