BUZZ-Trump Media surges as Donald Trump elected US president

Reuters2024-11-06

Updates

** Shares of Trump Media & Technology Group DJT.O jump 38% to $46.81 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 a majority stake in DJT, which operates the Truth Social media platform

** Since its March listing, DJT has been popular with retail traders and seen as proxy on Trump's election prospects

** As of last close, DJT shares had almost doubled in value since debut

(Reporting by Bhanvi Satija in Bengaluru)

((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91 9873062788;))

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