, this sort of volatility isn't exactly unusual for Truth Social owner Trump Media, but this instance is an apt example of how bad news often ends up rallying the former president's supporters — instead of scaring them away.
The size of the swing, too, seems to reflect the extenuating circumstances. In after-hours trading, the meme stock fell as much as 14 points, spiked just after the markets re-opened, and plummeted yet again. For those who made the peculiar decision to invest in Truth Social, this wobbly value trajectory is par for the course.
"This stock has always represented a bet on Trump winning the 2024 election ," Matthew Kennedy, the senior IPO strategist at the Renaissance Capital firm,, John Rekenthaler, the VP of research at the investor relations firm Morningstar, pointed out that those who bought stock in Trump Media likely weren't doing so to make money — but regardless of which way it swung, the trial's outcome likely wouldn't have made much of a difference for their bottom lines.
"I think anytime Donald Trump is in the news is oxygen for the stock, in any way," Rekenthaler remarked."An adverse outcome in one or more of the ongoing legal could negatively impact ," the recent filing reads.