Trump Media stock rebounded sharply Friday after a post by Donald Trump on Truth Social dismissed rumors of a potential stock sale. The post helped Trump Media and Technology Group regain nearly 15% after a 42% post-election slump. The stock’s uptick lifted Trump’s net worth by approximately $500 million. TMTG, labeled a meme stock, has shown high volatility, trading largely on Trump’s influence rather than its earnings. Ethical concerns remain, as Trump’s role at Truth Social enables him to impact TMTG's valuation with statements that boost his wealth.
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00:00It's Benzinga, bringing Wall Street to mainstream.
00:02Trump media stock rebounded sharply Friday after a post by Donald Trump on Truth Social
00:07dismissed rumors of a potential stock sale. The post helped Trump Media and Technology Group
00:12regain nearly 15% after a 42% post-election slump. The stock's uptick lifted Trump's net
00:20worth by approximately $500 million. TMTG labeled the meme stock as showing high volatility,
00:27trading largely on Trump's influence rather than its earnings. Ethical concerns remain,
00:32as Trump's role in Truth Social enables him to impact TMTG's valuation with statements
00:38that boost his wealth. For all things money, visit Benzinga.com slash GSTV.