Trump Media & Technology Group extended its rally on Tuesday, rising by 11% in premarket trading. Investors reacted to improved election odds for former President Donald Trump, driving the stock up after an 18% gain on Monday. Betting markets show Trump leading Kamala Harris in the upcoming presidential election. Over the weekend, DJT also launched the Truth+ TV streaming service, with an Android app already available and iOS soon to follow. DJT has faced challenges, including a net loss of over $16 million in the second quarter and a 30% drop in year-over-year revenue.
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00:00It's Benzinga, and here's what's on the block.
00:03Trump Media and Technology Group extended its rally on Tuesday, rising by 11 percent
00:07in pre-market trading.
00:09Investors reacted to improved election odds for former President Donald Trump, driving
00:13the stock up after an 18 percent gain on Monday.
00:17Betting markets showed Trump leading Kamala Harris in the upcoming presidential election.
00:21Over the weekend, DJT also launched the Truth Plus TV streaming service with an Android
00:26app already available and iOS soon to follow.
00:29DJT has faced challenges, including a net loss of over $16 million in the second quarter
00:34and a 30 percent drop in year-over-year revenue.
00:37For all things money, visit Benzinga.com.