Shares of Trump's media company soar as betting odds favor White House win

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Donald Trump News

Trump Media,Kamala Harris,Betting Odds

Shares of Trump Media & Technology Group, which operates the Truth Social app, jumped 9% to $34.17, and the stock has nearly tripled since sinking to an all-...

- Shares of former U.S. President Donald Trump's media company surged to their highest since July on Tuesday as betting odds favored the Republican candidate in his bid for reelection to the White House.

Trump Media's revenue in the June quarter was $837,000 and the company is burning cash. Strategists say its nearly $7 billion stock market value is detached from its day-to-day business. Oddschecker.com, which reflects odds across a number of betting platforms, had Trump at the equivalent of about a 62% chance of winning and Harris at about 38%.

With just two weeks left before the election, Harris held a marginal 46% to 43% lead over Trump in a new Reuters/Ipsos poll. Other polls show the two candidates neck and neck in the seven battleground states that are expected to determine the winner. Eight High School Teams Receive Lemelson-MIT InvenTeams® Grants To Solve Real-World Problems with Technological Solutions

 

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