Why Trump Media Stock Skyrocketed Again This Week
Trump Media (NASDAQ: DJT) stock made big gains again across the last week of trading. The company's share price closed out the week up 31.7%, according to data from S&P Global Market Intelligence.
Trump Media stock gained ground in conjunction with the company's Truth+ streaming service across several platforms and shifts in perception about Donald Trump's chances of winning the 2024 presidential election. The company's share price is now up 176% over the last month.
On Oct. 21, Trump Media published a press release announcing that its Truth+ streaming app had launched on Apple's iOS and TV platforms. The following day, the company announced that the service had launched for devices using Alphabet's Android TV platform. The day after that, Trump Media announced that the company had launched on Amazon's Fire TV platform.
Source Fool.com
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