Trump Media & Technology Group shares jumped 34.77% to $41.45At the beginning of trading on Monday, after the assassination attempt on the group’s owner, former US President Donald Trump.
Trump Media & Technology Group Corp. focuses on social media and technology.
The company’s social media platform, Truth Social, provides an outlet outside of big tech companies that encourages open, non-discriminatory global conversation.
The company is also focusing on developing a subscription-based video streaming service (TMTG+).
The company’s value – at the time of writing – reached $7.84 billion.
Wall Street Indicators
In the context, the main indicators on Wall Street rose at the opening today, Monday, as investors assessed the impact of the assassination attempt on Donald Trump on his chances in the upcoming presidential elections, and market confidence was boosted by renewed hopes for a rate cut.
The Dow Jones Industrial Average rose 0.34% to 40,138.40 points, while the S&P 500 rose 0.41% to 5,638.16 points.
The Nasdaq Composite Index rose 0.48% to 18,485.91 points.
