New York CNN —
Investors in Trump Media & Technology Group’s stock are finally, after two days of turmoil, seeing an uptick in their shares.
The stock TMTG (DJT) rebounded by 20% in early afternoon trading on Wednesday after tumbling precipitously earlier this week.
Shares closed more than 14% lower on Tuesday after the company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like Disney have struggled to turn a profit. It also fell 18% on Monday after the company took steps to sell millions of
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