Shares in Trump Media and Technology Group surged by over 11% on Friday, reflecting renewed confidence in Trump's potential return to the presidency. Despite past struggles, the company is now worth $8.3 billion, a remarkable turnaround from its previous lows. The momentum has traders optimistic, betting that if Trump reclaims the Oval Office, usage of his Truth Social platform will increase significantly, potentially transforming the company's user engagement and revenue prospects.
Even experts who often critique Trump's chances have adjusted their outlook, with well-known investors like Paul Tudor Jones recognizing the shifting sentiments reflected in prediction markets. This suggests a broader belief that Trump's candidacy could indeed lead to a revival of his political influence and, subsequently, the value of associated business ventures like TMTG.
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