Trump's Debate Performance Boosts Truth Social's Stock Price: A Closer Look at the Surge and Its Implications

Atlanta, Georgia, USA United States of America
Despite the surge in stock prices, Trump Media reported significant losses and meager revenue in its first quarter of 2024.
Former U.S. President Donald Trump and current President Joe Biden faced off in the first presidential debate of the 2024 election on June 27, 2024.
The outcome of the debate was widely seen as a turning point in the 2024 presidential race.
The surge in Trump Media's stock price can be attributed to widespread speculation that a strong performance by Trump during the debate could boost his chances of securing the Republican nomination and ultimately winning back the White House.
Trump Media & Technology Group (DJT), the parent company of Truth Social, saw a significant surge in its stock price leading up to the debate.
Trump's Debate Performance Boosts Truth Social's Stock Price: A Closer Look at the Surge and Its Implications

Former U.S. President Donald Trump and current President Joe Biden faced off in the first presidential debate of the 2024 election on June 27, 2024 at CNN's studios in Atlanta, Georgia. The debate was highly anticipated as it marked the first time these two political heavyweights would engage in a public discourse since Trump left office.

Trump Media & Technology Group (DJT), the parent company of Truth Social, saw a significant surge in its stock price leading up to the debate. According to various sources, DJT's stock had advanced 42% this week and was up by more than 11% in premarket trading on the day of the debate.

The surge in Trump Media's stock price can be attributed to several factors. First, there was widespread speculation that a strong performance by Trump during the debate could boost his chances of securing the Republican nomination and ultimately winning back the White House. Second, investors were betting on increased engagement on Truth Social as a result of the high-profile event.

Trump Media's stock price had been volatile in recent months, with shares ranging from $79.38 to $22.84 per share since going public through a merger with Digital World Acquisition Corp. in March 2021.

Despite the surge in stock prices, Trump Media reported significant losses and meager revenue in its first quarter of 2024. The company reported a net loss of $327.6 million and brought in just $770,500 in revenue during this period.

The debate between Trump and Biden was closely watched by millions of Americans across the country, with many tuning in to see how each candidate would handle key issues such as the economy, immigration, foreign policy, and more. The event was also significant for Truth Social users as they were able to engage in real-time discussions about the debate on the platform.

The outcome of the debate was widely seen as a turning point in the 2024 presidential race. While some observers believed that Biden had a strong performance, others felt that Trump had outperformed and gained momentum heading into the next phase of his campaign.

Investors continued to closely monitor Trump Media's stock price following the debate, with shares trading at around $36.73 at close on the day of the event. However, there were signs that volatility could return as investors digested the implications of the debate and looked ahead to future developments in the race for the White House.


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Confidence

90%

Doubts
  • How accurate are the revenue figures reported by Trump Media in their first quarter of 2024?

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

DJT shares close down nearly 11% after Biden stumble in Trump presidential debate

CNBC News Dan Mangan Friday, 28 June 2024 12:24
  • Unique Points
    • Trump owns almost 65% of Trump Media shares and the company had a market capitalization of $5.8 billion despite meager revenue.
  • Accuracy
    • Trump Media closed down nearly 11% on Friday after the debate.
    • Trump owns almost 65% of Trump Media shares and the company had a market capitalization of $5.8 billion.
    • Biden's performance in the debate was described as dismal by political observers and Democratic donors.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author's statements are primarily descriptive and do not contain any obvious fallacies. However, there is an instance of inflammatory rhetoric when the Democratic fundraiser is quoted as saying 'This is terrible. Worse than I thought was possible.' and 'Everyone I’m speaking with thinks Biden should drop out.' These statements are emotionally charged and do not add any value to the article's content, but they do not constitute a formal fallacy.
    • 'This is terrible. Worse than I thought was possible.',
    • 'Everyone I’m speaking with thinks Biden should drop out.'
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

84%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Trump Media stock price down more than 10% after days-long rebound in continued volatility

USA Today Kinsey Crowley Friday, 28 June 2024 00:00
  • Unique Points
    • Trump Media stock prices fell more than 10% on Friday afternoon after a days-long rebound leading up to the first presidential debate.
    • Trump Media went public on the Nasdaq in March 2021 through a merger with Digital World Acquisition Corp.
    • The stock price has fluctuated wildly since then, ranging from $79.38 to $22.84 per share.
    • Trump Media reported a net loss of $327.6 million in the first quarter of 2024 and brought in $770,500 in revenue.
    • Regulatory filings show the company was operating at a loss in 2023, making about $4 million in revenue while losing more than $58 million.
  • Accuracy
    • Trump Media & Technology Group share prices closed at $36.73 before the debate.
    • The share price was up 8.3% to $39.78 at open after Biden’s stumbling performance in the debate.
    • By Friday afternoon, Trump Media stock price had fallen to around $32 per share.
  • Deception (50%)
    The article by Kinsey Crowley contains selective reporting and emotional manipulation. The author focuses on the recent increase and decrease in Trump Media stock prices before and after the presidential debate, implying that these events are directly related to the debate's outcome. However, she fails to mention that Trump Media stock had been experiencing significant volatility for months prior to this event. By only reporting details that support her position, she is misleading readers about the causality of these price fluctuations. Additionally, the author uses emotional language like 'people across the country watched Biden stumble through several answers and Trump repeatedly drill down on immigration' to manipulate readers' emotions and influence their perception of Trump Media stock. This emotional manipulation further deceptively influences readers to believe that the debate was solely responsible for these price changes.
    • But by Friday afternoon, that fell to around $32 per share.
    • The parent company of the Truth social app has been compared to GameStop and AMC. Like these typical meme stocks, Trump Media is overvalued compared with its peers at least by conventional Wall Street standards.
  • Fallacies (80%)
    The author makes an appeal to emotion by describing the debate as 'one of the most-watched events in television' and implying that this attention positively impacted Trump Media stock prices. This is a form of informal fallacy known as an appeal to popularity.
    • 'But by Friday afternoon, that fell to around $32 per share. The debate, one of the most-watched events in television, certainly brought that for Trump.'
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Donald Trump Stock Rallies 42% This Week In Run Up To Debate

Investors.com Financial News Site Analysis - Comprehensive Report on Market Coverage and Analysis - Overall Rating: 90/100 (Highly Reliable, Informative, and Engaging Source of Financial Information). Investor's Business Thursday, 27 June 2024 12:12
  • Unique Points
    • Trump Media & Technology (DJT) stock has surged 42% this week ahead of the debate between President Joe Biden and former President Donald Trump
    • If all warrants are exercised for cash, DJT could receive approximately $247 million in proceeds
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The author makes an appeal to authority by stating that Trump Media & Technology (DJT) is surging ahead of the debate between President Joe Biden and former President Donald Trump. This statement implies that the upcoming debate will have an impact on DJT's stock price, which may not be true. Additionally, there are several instances of inflammatory rhetoric used throughout the article such as 'hemorrhaging cash', 'jumped more than 4% during premarket trade on Thursday', and 'advancing above its 200-day moving average'. These phrases create a sense of urgency and excitement, which may not be justified based on the information provided.
    • ][The author] The Trump stock is advancing above its 200-day moving average after falling around 50% since a Manhattan jury found Trump guilty of 34 felonies on May 30 in the court case around falsifying records to cover up hush money paid to a porn star.[/
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

73%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Trump Media stock rises after debate

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Matt Egan Friday, 28 June 2024 13:28
  • Unique Points
    • Former President Donald Trump's social media company, Truth Social owner Trump Media & Technology Group (DJT), saw a 4% increase in early trading on Friday following President Joe Biden’s shaky debate performance.
    • Donald Trump is the chairman, leading shareholder and most popular user of Truth Social. His initials are represented in the stock symbol (
  • Accuracy
    • Trump Media stock prices fell more than 10% on Friday afternoon after a days-long rebound leading up to the first presidential debate.
    • Trump Media reported a net loss of $327.6 million in the first quarter of 2024 and brought in $770,500 in revenue.
  • Deception (30%)
    The article reports on the stock market performance of Trump Media & Technology Group (DJT) in relation to former President Donald Trump's potential reelection and Biden's debate performance. It does not outright deceive readers, but it heavily leans into sensationalism and selective reporting. The author makes no attempts to hide their opinions or present a balanced view.
    • CNN — Former President Donald Trump’s social media company is getting a boost after President Joe Biden’s shaky debate performance.
    • Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday as investors bet the debate has boosted Trump’s chances of retaking the White House.
    • The stock has been volatile for a host of reasons, including a transaction that allowed investors to buy additional stock. That watered down other shareholders’ stakes.
  • Fallacies (85%)
    The article contains an appeal to authority and inflammatory rhetoric. It also uses a dichotomous depiction by presenting the stock as either being influenced solely by Trump's chances of reelection or as a way to fund his presidential campaign.
    • . . . investors bet the debate has boosted Trump’s chances of retaking the White House.
    • Some critics have viewed the stock as a way to fund Trump’s presidential campaign.
    • Tuttle said money is pouring into Trump Media’s stock given the talk among Democrats for Biden to step aside and that some of the president’s allies aren’t even trying to “spin it.”
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication