{"id":111591,"date":"2024-10-08T00:20:50","date_gmt":"2024-10-07T17:20:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111591"},"modified":"2024-10-08T00:20:50","modified_gmt":"2024-10-07T17:20:50","slug":"djt-stock-surges-following-elon-musk-cameo-at-trump-rally","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111591","title":{"rendered":"DJT stock surges following Elon Musk cameo at Trump rally"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Shares of Trump Media &amp; Technology Group (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/DJT\/\" data-ylk=\"slk:DJT;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">DJT<\/a>) surged about 15% on Monday after Elon Musk made a surprise appearance at Donald Trump&#8217;s rally in Butler, Pa., over the weekend. It was the same location where the former president <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-soars-after-donald-trump-survives-assassination-attempt-180135353.html\" data-ylk=\"slk:survived an assassination attempt;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">survived an assassination attempt<\/a> in July.<\/p>\n<p>The tech billionaire Musk, who serves as the CEO of Tesla (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/TSLA\" data-ylk=\"slk:TSLA;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">TSLA<\/a>) and SpaceX and also owns social media platform X (formerly Twitter), has been outspoken about his support of Trump ahead of next month&#8217;s election. Trump has even said <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/x.com\/ShawnRyan762\/status\/1827719384674038209?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1827719384674038209%7Ctwgr%5E02c3ad0349460d4f17fdd0f340c51145565b79d6%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fnypost.com%2F2024%2F08%2F26%2Fbusiness%2Ftrump-doubts-cabinet-role-for-elon-musk-but-says-he-could-consult%2F\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:he would consider a cabinet position;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">he would consider a cabinet position<\/a> for Musk but that the businessman likely would not be able to serve &#8220;with all the things he&#8217;s got going on.&#8221;<\/p>\n<p>At Saturday&#8217;s rally, Musk told the crowd that Trump is the only candidate who can &#8220;preserve democracy in America,&#8221; adding this will be &#8220;the last election&#8221; if Trump does not win.<\/p>\n<p>The former president <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/www.nytimes.com\/interactive\/2024\/us\/elections\/polls-president.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:remains in a deadlocked race;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">remains in a deadlocked race<\/a> against current vice president and Democratic nominee Kamala Harris, who just embarked on a flurry of media appearances in an attempt to solidify recent momentum in the polls.<\/p>\n<p>Harris appeared on an episode of &#8220;Call Her Daddy,&#8221; a popular podcast catered toward Generation Z, along with a sit-down interview for &#8220;60 Minutes.&#8221;<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 593px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:62%\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"Tesla CEO Elon Musk (R) speaks on stage as he joins former US President and Republican presidential candidate Donald Trump during a campaign rally at site of his first assassination attempt in Butler, Pennsylvania on October 5, 2024. (Photo by Jim WATSON \/ AFP) (Photo by JIM WATSON\/AFP via Getty Images)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/2QsMPI7Km8K4hLaeTiRg2w--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5Mw--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/374cb270-838f-11ef-bfb7-6f1871effc5e\"\/><img decoding=\"async\" alt=\"Tesla CEO Elon Musk (R) speaks on stage as he joins former US President and Republican presidential candidate Donald Trump during a campaign rally at site of his first assassination attempt in Butler, Pennsylvania on October 5, 2024. (Photo by Jim WATSON \/ AFP) (Photo by JIM WATSON\/AFP via Getty Images)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/2QsMPI7Km8K4hLaeTiRg2w--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5Mw--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/374cb270-838f-11ef-bfb7-6f1871effc5e\" class=\"caas-img\"\/><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Tesla CEO Elon Musk (R) speaks on stage as he joins former US President and Republican presidential candidate Donald Trump during a campaign rally at site of his first assassination attempt in Butler, Pa., on Oct. 5, 2024. (JIM WATSON\/AFP via Getty Images)<span class=\"caption-credit\"> (JIM WATSON via Getty Images)<\/span><\/figcaption><\/p>\n<\/figure>\n<p>Trump maintains a roughly <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/apnews.com\/article\/trump-media-truth-social-spac-vote-841820869418c37ad7eed04f2af42854\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:60% interest;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">60% interest<\/a> in DJT. At current levels of around $19 a share, Trump Media boasts a market cap of about $3.8 billion, giving the former president a stake worth around $2.3 billion. Right after the company&#8217;s public debut, Trump&#8217;s stake was worth just over $4.5 billion.<\/p>\n<p>Trump Media went public on the Nasdaq in late March after <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.wsj.com\/finance\/trump-makes-a-new-fortune-with-public-listing-of-truth-social-93790821\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:merging;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">merging<\/a> with special purpose acquisition company Digital World Acquisition Corp. But the stock has been on a bumpy ride since, with shares oscillating between highs and lows as the moves have typically been tied to a volatile news cycle.<\/p>\n<p>Last month, the stock <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-plummets-to-new-lows-after-lockup-period-expires-174815865.html\" data-ylk=\"slk:traded at its lowest level since the company's debut;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">traded at its lowest level since the company&#8217;s debut <\/a>following the expiration of its highly publicized lockup period.<\/p>\n<p>Stakeholders, including the former president, were subject to a six-month lockup period before being able to sell or transfer shares. That lockup period expired on Sept. 19, although Trump said at the time that he would not sell his stake.<\/p>\n<p>\u201cI have absolutely no intention of selling,\u201d the former president told reporters at a press conference prior to the lockup period expiration. \u201cI love it. I use it as a method of getting out my word.\u201d<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 640px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:67%\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"Republican presidential nominee former President Donald Trump arrives to speak during a campaign rally at Dodge County Airport, Sunday, Oct. 6, 2024, in Juneau, Wis. (AP Photo\/Julia Demaree Nikhinson)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/bc6TdL9LQyoiNiA_hqzZBw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/5e0188b0-84c4-11ef-bf2f-055af7ebaa74\"\/><img decoding=\"async\" alt=\"Republican presidential nominee former President Donald Trump arrives to speak during a campaign rally at Dodge County Airport, Sunday, Oct. 6, 2024, in Juneau, Wis. (AP Photo\/Julia Demaree Nikhinson)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/bc6TdL9LQyoiNiA_hqzZBw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/5e0188b0-84c4-11ef-bf2f-055af7ebaa74\" class=\"caas-img\"\/><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Republican presidential nominee former President Donald Trump arrives to speak during a campaign rally at Dodge County Airport, Sunday, Oct. 6, 2024, in Juneau, Wis. (AP Photo\/Julia Demaree Nikhinson)<span class=\"caption-credit\"> (ASSOCIATED PRESS)<\/span><\/figcaption><\/p>\n<\/figure>\n<p>In June, the stock<a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-jumps-then-nosedives-after-first-presidential-debate-between-trump-and-biden-190426923.html\" data-ylk=\"slk:popped (then fell);cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> popped (then fell)<\/a> after <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/bidens-debate-stumble-comes-at-a-crucial-moment-in-the-fundraising-race-135344935.html\" data-ylk=\"slk:current commander in chief Joe Biden stumbled;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">current commander in chief Joe Biden stumbled<\/a> in his first presidential debate of 2024 with Trump. Biden dropped out of the presidential race one month later.<\/p>\n<p><button class=\"link caas-button readmore-button-finance collapse-button readmore-button-class\" data-ylk=\"elm:readmore;slk:Story continues\"><span class=\"readmoreButtonText\">Story continues<\/span><\/button><\/p>\n<p>Since Biden&#8217;s announcement, shares have remained under pressure as investors debate the possibility of a Harris win.<\/p>\n<p>In May, Trump <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/live\/trump-verdict-live-updates-trump-found-guilty-of-34-counts-of-falsifying-business-records-becoming-the-first-us-president-to-be-convicted-of-criminal-charges-205128980.html\" data-ylk=\"slk:was found guilty;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">was found guilty<\/a> on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign \u2014 a verdict that sent shares down 5% <a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-drops-5-one-day-after-trump-conviction-200520904.html\" data-ylk=\"slk:the day after the conviction.;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">the day after the conviction. <\/a>His sentencing was <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/judge-delays-trump-sentencing-hush-money-case-november-rcna167282\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:recently delayed;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">recently delayed<\/a> until Nov. 26.<\/p>\n<p>Shares have fallen about 70% <a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-media-stock-surges-on-day-2-of-market-debut-153225087.html\" data-ylk=\"slk:since the company's public debut.;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">since the company&#8217;s public debut. <\/a><\/p>\n<p>Trump founded Truth Social after he was kicked off major social media apps like Facebook (<a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/META\" data-ylk=\"slk:META;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">META<\/a>) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially <a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-falls-after-donald-trump-returns-to-x-ahead-of-elon-musk-interview-201747189.html\" data-ylk=\"slk:returned to X in mid-August;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">returned to X in mid-August<\/a> after about a year&#8217;s hiatus.<\/p>\n<p>But as Truth Social attempts to take on the social media incumbents, the fundamentals of the company have long been in question.<\/p>\n<p>In August, DJT <a data-i13n=\"cpos:17;pos:1\" href=\"https:\/\/ir.tmtgcorp.com\/news-events\/press-releases\/#b2iLibScrollTo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reported;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">reported<\/a> second quarter results that revealed a net loss of $16.4 million, about half of which was tied to expenses related to the company&#8217;s SPAC deal. The company also reported revenue of just under $837,000 for the quarter ending June 30, a 30% year-over-year drop.<\/p>\n<p>Last week, <a data-i13n=\"cpos:18;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/dji-trades-lower-announcing-coo-200820208.html\" data-ylk=\"slk:the company revealed;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">the company revealed<\/a> that its COO had stepped down in September.<\/p>\n<p><a data-i13n=\"cpos:19;pos:1\" href=\"https:\/\/www.yahoo.com\/author\/alexandra-canal\/\" data-ylk=\"slk:Alexandra Canal;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>Alexandra Canal<\/em><\/a><em> is a Senior Reporter at Yahoo Finance. Follow her on X <\/em><a data-i13n=\"cpos:20;pos:1\" href=\"https:\/\/twitter.com\/allie_canal\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@allie_canal;cpos:20;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>@allie_canal<\/em><\/a><em>, <\/em><a data-i13n=\"cpos:21;pos:1\" href=\"https:\/\/www.linkedin.com\/in\/alexandra-canal-83643889\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:LinkedIn,;cpos:21;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>LinkedIn,<\/em><\/a><em> and email her at alexandra.canal@yahoofinance.com.<\/em><\/p>\n<p><a data-i13n=\"cpos:22;pos:1\" href=\"https:\/\/finance.yahoo.com\/topic\/stock-market-news\/\" data-ylk=\"slk:Click here for the latest stock market news and in-depth analysis, including events that move stocks;cpos:22;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Click here for the latest stock market news and in-depth analysis, including events that move stocks<\/strong><\/a><\/p>\n<p><a data-i13n=\"cpos:23;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance;cpos:23;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Read the latest financial and business news from Yahoo Finance<\/strong><\/a><strong>.<\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-surges-following-elon-musk-cameo-at-trump-rally-161321275.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Trump Media &amp; Technology Group (DJT) surged about 15% on Monday after Elon Musk made a surprise appearance at Donald Trump&#8217;s rally in Butler, Pa., over the weekend. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111591\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-111591","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111591"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111591\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}