Trump Media surges as Donald Trump elected US president
Updates
** Shares of Trump Media & Technology Group DJT.O jump 29% to $43.90 before the bell
** Donald Trump recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency, Edison Research projected
** Trump owns majority stake in DJT, which operates the Truth Social media platform
** DJT on Tuesday reported net loss of $19.2 millionfor Q3 due to legal fees and costs tied to its TV streaming deal
** Since its March listing, DJT has been popular with retail traders and seen as a proxy on Trump's election prospects
** Shares of software developer Phunware PHUN.O, hired by Trump's 2020 re-election campaign to build a phone app, up 22% at $7.75 premarket
** Shares of video-sharing platform Rumble RUM.O, in which Trump's running mate, JD Vance, has made an investment, up 7.7% at $6.41
** As of last close, DJT shares down ~41% since their March 26 debut
Reporting by Bhanvi Satija in Bengaluru
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