Trump Media shares jump more than 21% ahead of presidential inauguration

Trump Media shares jump more than 21% ahead of presidential inauguration


Jakub Porzycki | Nurphoto | Getty Images

Shares of Trump Media jumped more than 21% in midday trading Monday, ahead of President-elect Donald Trump’s inauguration next week.

The stock, which trades under the DJT ticker, is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company was in “advanced talks” to buy cryptocurrency trading firm Bakkt.

Trump’s inaugural celebrations will begin with a reception on Saturday, followed the next day by more festivities and a “victory rally.” Trump will be sworn in for a second nonconsecutive term in the White House on Jan. 20.

A slew of major tech companies and executives have donated to Trump’s inaugural fund ahead of the big day, including $1 million each from Google, OpenAI CEO Sam Altman and Meta, as well as reported contributions from Apple CEO Tim Cook and from Amazon.

Read more CNBC politics coverage

Although Trump has not held an executive position in Trump Media, the president-elect had been the largest individual shareholder in the company before he transferred his entire stake late last year to a revocable trust of which he is the sole beneficiary.

Trump did not receive any money for the transfer, but he now “indirectly” owns the shares, and the trust’s lone trustee, his son Donald Trump Jr., has sole voting and investment power over the shares.

The social media company, which owns the Truth Social platform, had a market capitalization of more than $9.2 billion as of 3 p.m. ET on Monday.

The stock is up 252% since Sept. 23, when shares hit their lowest point since 2021, days after the end of a “lockup” period that barred company insiders from selling their stakes.



Source

Trump downplays U.S. intelligence report on Iran strikes at NATO presser
Politics

Trump downplays U.S. intelligence report on Iran strikes at NATO presser

President Donald Trump on Wednesday doubled down on his claim that U.S. bomb strikes completely destroyed Iran’s nuclear program, and he bristled at the attention being paid to an initial American intelligence report that suggests otherwise. “It’s been obliterated, totally obliterated,” Trump said of the Iranian nuclear site at Fordo during a news conference, before […]

Read More
Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target
Politics

Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target

U.S. President Donald Trump speaks during a press conference, at the NATO summit in The Hague, Netherlands, June 25, 2025. Brian Snyder | Reuters U.S. President Donald Trump on Wednesday said Spain’s refusal to meet the NATO defense spending target of 5% of gross domestic product will mean a tougher trade deal for the southern […]

Read More
U.S. Senate committee advances nomination of Republic CEO to head FAA
Politics

U.S. Senate committee advances nomination of Republic CEO to head FAA

FILE PHOTO: Bryan Bedford, chairman and chief executive officer of Republic Airways Holdings Inc., speaks at the Global Business Travel Association (GBTA) 2011 convention in Denver, Colorado, U.S., on Tuesday, Aug. 23, 2011. Matthew Staver | Bloomberg | Getty Images The Senate Commerce Committee on Wednesday voted 15 to 13 to approve the nomination of […]

Read More