Shares of the merger partner of Donald Trump social media company jumped in premarket trading the morning after the former president was indicted.
Trump, the frontrunner to be Republican nominee in 2024, was indicted by a Manhattan grand jury after an investigation into hush money paid to porn star Stormy Daniels during the 2016 campaign. "It might seem counter intuitive ... but Donald Trump's indictment might actually make him more electable with a certain portion of U.S. voters," Danni Hewson, analyst at AJ Bell, said."If more people are talking about Trump, more will gravitate to his social media platform and there's likely to be a lot more cash swelling the coffers of his campaign budget.
Shares of video-sharing platform Rumble Inc, popular with conservatives, gained after posting a near seven-fold jump in quarterly revenue.
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