The stock continued its upward trajectory overnight as Trump established a solid lead in the Electoral College, significantly narrowing Vice President Kamala Harris\u2019s path to victory.<\/p>\n
Trading was halted several times on Wednesday morning due to volatility, CNBC reported.<\/p>\n
The stock, considered a market proxy for the former president, rallied despite a surprise earnings report released after the bell indicating a loss of $19.2 million in the third quarter. Trump owns a majority of the company that runs Truth Social.<\/p>\n
Shares have experienced volatility throughout the election season, fluctuating as Trump\u2019s fortunes shifted during his tight race against Democratic Vice President Kamala Harris.<\/p>\n
During Tuesday\u2019s session, as the candidates made their final campaign push, the stock jumped more than 18% at its session high before closing down 1.2%, CNBC noted. \u201cIn the earnings release, the company reported revenue of just over $1 million,\u201d the outlet added.<\/p>\n
\u201cThis has been an extraordinary quarter for the Company, for Truth Social users, and for our legion of retail investors who support our mission to serve as a beachhead for free speech on the Internet,\u201d Trump Media CEO Devin Nunes, a former GOP congressman from California, said in a statement.<\/p>\n
Billionaire Elon Musk is having fun on Twitter after 45th President Donald Trump has been declared the winner of the presidential race.<\/p>\n","protected":false},"excerpt":{"rendered":"
The stock continued its upward trajectory overnight as Trump established a solid lead in the Electoral College, significantly narrowing Vice President Kamala Harris\u2019s path to victory. Trading was halted several times on Wednesday morning due to volatility, CNBC reported. The stock, considered a market proxy for the former president, rallied despite a surprise earnings report…<\/p>\n