The share price of Donald Trump's media company has skyrocketed about 30 per cent since a failed assassination attempt was made on the former US president's life.Shares in former US president Donald Trump’s media company, Trump Media & Technology Group, skyrocketed after an attempt was made on his life at a rally in Pennsylvania.
The whopping share price jump was a windfall for Trump himself, who owns 60 per cent of the US$7.71 billion company. This increased the value of the former president’s stake by about US$1b since close of business Friday and the end of the day on Monday. While there was a clear jump in the stock market for the former president, the CommSec analyst felt the boost could translate to the polls, particularly after US President Joe Biden's poor debate performance in late June.“Of course, the bets on Trump winning the election since the attack have been heightened after President Joe Biden’s poor performance in the recent debate late last month, but the expectation that Trump could have a win locked in has only grown.