Trump Media shows rebound after poll shows tight race for White House
Trump Media shows rebound after poll shows tight race for White House
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NewsTranscript
00:00Shares of Trump Media and Technology Group, owned by U.S. presidential candidate Donald Trump,
00:06rose nearly 5% after a poll indicated a tight race between Trump and Vice President Kamala Harris.
00:12This increase following weeks of stocks decline and becomes
00:16more key dates when Trump and insiders can start selling shares.
00:20Trump Media, which is primarily valued through the Truth Social app,
00:25saw its market value fall to $3.6 billion, with Trump's 57% stake worth over $2 billion.
00:33Despite reporting a $16.4 million loss and minimal revenue, the stock price rebound
00:39follows recent polling suggesting Trump's position against Harris has indeed improved.