US President Donald Trump’s inauguration ceremony sent shockwaves through the stock market, with his company’s media group TMTG plummeting over 10 percent. However, investors remain optimistic about the company’s long-term prospects under the new administration.
TMTG, which operates Truth Social, has historically seen its Wall Street performance tied to Trump’s own political fortunes. The company experienced a significant surge after Trump won the 2024 presidential election. Experts believe that the stock price reflects investors’ confidence in Trump’s chances of re-election.
Despite the recent dip, many retail investors remain bullish on TMTG’s prospects under the new administration. Truth Social will continue to be an important platform for political and financial analysts seeking direct announcements from Trump himself. The company has around 600,000 investors, with President Trump holding a 53 percent stake worth $4.6 billion.
TMTG CEO Devin Nunes has expressed optimism about the company’s future, saying that the recent quarter was “extraordinary” and that Truth Social users have been supportive. Investors are also hopeful for a rally in the stock price under a Trump presidency, despite the company’s recent financial challenges.
The company is scheduled to release its fourth-quarter results and annual earnings report on February 4. Speculation has grown over potential mergers or growth opportunities, including a possible combination with X, owned by Elon Musk.
Source: https://www.newsweek.com/donald-trump-media-stock-falls-after-inauguration-2018258