How Trump Media’s Stock Could Swing After the Election

Published On Nov 5, 2024, 6:34 AM

The stock of Trump Media & Technology Group, which owns the social media platform Truth Social, is highly influenced by the outcome of the upcoming presidential election. If Donald Trump wins, the company could see increased traffic and advertising revenue, potentially boosting its stock price. Conversely, a victory for Kamala Harris might lead to a decline in the stock, as the platform has faced challenges in gaining new users and attracting advertising revenue, which is reportedly down from the previous year.