Truth Social Shares Surge After Trump Shooting

Shares in Donald Trump's social media company have surged after he survived an assassination attempt on Saturday.

Shares of Trump Media, which promotes Social Truth, rose 30% in official trading on Monday. The price rose 70% at the end of the week and then fell back.
analysts said the gain reflected a bet that the shooting gave Trump a chance to win the US presidential election in November.
The former president was shot in the  ear during one of his election campaigns, shortly before the bomber shot the bomber.

"I should be dead, I shouldn't be here," Trump said in one of his first interviews since the  shooting.
"As the election heats up, investors are betting that more people will follow social media  to express their opinions and be among the first to see tweets from the  President Trump and his team," said Susan Schmidt. But Wall Street analyst Cary Leahey said the deal was "more about choice than business," noting that  Social Reality will struggle to grow? Some customers think so.
"I'm confident that if Biden leaves, the Social Reality stock will go down," he added.
  Trump founded the Trump Media and Technology Group in 2021 after  the 2020 presidential election and was temporarily banned from social media, including Twitter and Facebook, after he was accused  of inciting violence on Capitol Hill.
  Social Reality follows the same model as X, formerly Twitter, and has about two million active users, although claims vary from source to source.
Mr. Trump is too much.
At a current share price of about $40 a share, its assets are worth about $5 billion — more than analysts say  the company trades in services.
The company's stock price fluctuates, depending on events in Mr Trump's life - and the chances of an election. Shares of
primary firms began to rise in January after  Trump defeated his Republican rivals in the primaries.
The price rose after Trump Media reported on the Nasdaq stock market in March.
But  the stock fell after a criminal trial began in April, after which he was  convicted of fraud for paying actress Stormy Daniels.
The  share price is currently below the March level.
"The company does not currently have a business base that will support the 'profit,' but the buyers may be political supporters who buy products to support the assets of the president before the election," said Thomas J. Hayes, president of Great Hill. . Capital city.
On Saturday, an image of  Trump raising his hand to show that he  survived the attack sparked outrage among his supporters.
  Trump later told the US media  that he thought God had  saved him.
"The most surprising thing is that I didn't just turn my head, I turned at the  right time and  the right amount," he said, adding that the bullet that pierced his ear could have easily killed him. .
One audience member was killed and two others were seriously injured in the attack. The man who was shot was identified as Thomas Matthew Crooks.
The shooter's motive is unknown.