It is no surprise that Trump Media & Technology Group (NASDAQ:DJT) is up 6% in noontime trading following Donald Trump’s spectacular election victory. Yet that is well below the 20% surge it posted when it burst out of the gate at the stock market’s open.
Still, because Trump could use the Truth Social social media platform to broadcast his message from the White House, that could draw in many more users wanting to follow him and hear what he has to say. Truth Social is still relatively unknown, but that could rapidly change. Does that make DJT stock doubling from its current price a possibility?
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