Trump Media surges as Donald Trump elected US president

Phunware

06/11/2024 13:48

(Updates)
     ** Shares of Trump Media & Technology Group  DJT.O  jump
29% to $43.90 before the bell 
  
** Donald Trump recaptured the White House on Wednesday by
securing more than the 270 Electoral College votes needed to win
the presidency, Edison Research projected 
    ** Trump owns majority stake in DJT, which operates the
Truth Social media platform 
** DJT on Tuesday reported net loss of $19.2 million for Q3 due
to legal fees and costs tied to its TV streaming deal
     ** Since its March listing, DJT has been popular with
retail traders and seen as a proxy on Trump's election prospects
  
    ** Shares of software developer Phunware  PHUN.O , hired by
Trump's 2020 re-election campaign to build a phone app, up 22%
at $7.75 premarket 
  
     ** Shares of video-sharing platform Rumble  RUM.O , in
which Trump's running mate, JD Vance, has made an investment, up
7.7% at $6.41
  
    ** 
    
      
    
  

(Reporting by Bhanvi Satija in Bengaluru)
((mailto:Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))