Shares in Donald Trump’s media company surge as Americans head to the polls

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Donald Trump may lose the 2024 US election but may win when it comes to his media company.

Former US President and Republican presidential candidate Donald Trump. Picture: Peter Zay/AFPShares of Trump Media and Technology surged as Americans went to the polls to elect either the first female president,The stock trades under the moniker DJT and shares in the group were up by 10.8% in premarket trading on Tuesday.On Tuesday the shares were trading at around $37.53 at 07:41am EST.A social media platform that was created to create an open global conversation, according to Trump.

Unlike its contemporaries like X or Facebook, Trump Social does not restrict whom a user can follow and also there is very little fact-checking done on the site.as they tally ballots in what could be a historically close presidential race and warning that it could take days to find out who has won. Under the US system, citizens do not vote directly for their leader. Instead, their ballots elect the 538 members of a group called the Electoral College, which then elects the president and vice president.

Each state casts its Electoral College votes for the candidate that won its popular vote. Bigger states, with more representatives in the US Congress, get a larger share of the 538 Electoral College votes on offer. Harris and her rival Trump will be vying to get to the all-important 270 votes that pushes them past the halfway mark and guarantees them the keys to the Oval Office.

 

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