Republican presidential candidate former President Donald Trump speaks during a presidential debate hosted by CNN with President Joe Biden, Thursday, June 27, 2024, in Atlanta. Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
Biden’s performance was largely seen as uneven, particularly early on. He tried repeatedly to confront Trump, who countered Biden’s criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6 insurrection. Citi analysts said Friday there may be increased interest in Trump Media & Technology based on news headlines following the debate.
A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.
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