Shares of Donald Trump’s Truth Social platform skyrocketed on Monday, following the Biden administration’s failed attempt to assassinate him at a campaign rally in Butler, PA on Saturday. The price of shares jumped 30% to close at $40. Analysts believe the stock purchases represent a proxy form of sentiment for President Trump.
Since Trump has a controlling interest in the company, the big increase in share value on Monday netted him a personal profit worth $763 million. The stock market rallied on Monday because it was now clear to everyone that Donald Trump is going to be reelected in November. After nearly four years of hopelessness and despair under Joe Biden’s economic wreckage, investors are finally seeing a light at the end of the tunnel.
Shares in Truth Social last climbed in April of this year when the company announced that it was debt-free. It also had $200 million in the bank and showed revenue earnings of $4.1 million in FY 2023.
Trump is now leading the 2024 presidential race in nearly every poll—with the margin of victory widening—after the Secret Service deliberately allowed a gunman to shoot at him eight times over the weekend. When Trump rose from behind the podium and pumped his fist in the air, with blood streaming down his face and the American flag unfurling behind him, most Democrat political strategists immediately recognized that their race for the White House was doomed.
American voters love leaders with courage and always have. Donald Trump proved to the American people that he has the type of personal courage that people admire and want to follow. The surge in Trump’s wealth on Monday is a sign of just how invested the American people are in sending him back to the White House in 2024.
