Trump’s social media stock spikes as America goes to the polls | CNN Business

New York CNN  — 

Former President Donald Trump’s social media company is surging on Election Day as it faces a potential make-or-break moment that will be decided by voters.

Shares of Truth Social owner Trump Media & Technology Group spiked 13% on Tuesday morning.

The rally builds on a gain of 12% Monday and represents a rebound from three days of steep losses last week.

Traders have been betting for months that a Trump victory could enhance the value of Truth Social — though justifying its current price tag would be very difficult

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