BUZZ-Trump Media surges as former president claims victory in 2024 US election

Reuters2024-11-06

** Shares of Trump Media & Technology Group DJT.O jump 42% to $48.10 before the bell

** Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, although other news outlets had yet to call the race

** Trump owns a majority stake in DJT which operates 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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