By Matt Egan, CNNNew York (CNN) — Former President Donald Trump’s social media company is on fire on Wall Street. Up until very recently, Trump Media & Technology Group had been in meltdown mode. Its share price dropped to a record low of $12.15 on September 23, marking a stunning 82% crash from its high. Trump Media did not announce a sudden revenue stream or a flashy new product that could explain the move. Beyond the election, Trump Media’s share price has benefited from the fact that the former president has held onto his stock.

Source: CNN October 14, 2024 11:35 UTC