Trump Confirms HUGE News… Could This Be His Biggest Win Yet?

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Disclaimer: The article may include the author's opinions.

Following Donald Trump’s historic victory over Vice President Kamala Harris, the President-elect received yet another unanticipated benefit. CNBC reported that shares of Trump Media & Technology Group, which owns the Truth Social platform, surged by 16% shortly after the Wall Street opening, scaling back gains from premarket trading where shares rose nearly 50%, reaching over $51 per share.

The upward trajectory of the stock continued overnight as Trump’s lead in the Electoral College grew, thereby reducing the paths to victory for Vice President Kamala Harris. CNBC noted that trading was halted multiple times Wednesday morning due to the volatility of the stock.

Despite a third-quarter earnings report indicating a $19.2 million loss, the stock, seen as a market proxy for Trump’s political standing, rallied. Trump, holding the majority of the company, had witnessed fluctuations in stock performance as his fortunes shifted throughout the tight race with Harris. Over the previous five trading sessions, shares declined by over 34%, reflecting Harris’s apparent momentum in the campaign’s final days. Nonetheless, shares had surged more than 105% over the past month.

On Tuesday, as the final campaign efforts concluded, Trump Media’s stock briefly rose more than 18% before ending down by 1.2%. As reported in the earnings release, the company noted revenue surpassing $1 million.

Devin Nunes, CEO of Trump Media and former GOP congressman from California, referred to the quarter as extraordinary for the company, Truth Social users, and retail investors supporting its mission to foster free speech online.

Meanwhile, billionaire Elon Musk responded with enthusiasm on Twitter after Donald Trump’s victory was declared. Musk celebrated the mandate given to Trump by American voters, describing it as a clear call for change. He further affirmed his vision for the nation by tweeting, that America is a nation of builders, and soon, Americans will be free to build.

Financial contributions by Musk to pro-Trump political action committees and other Republican groups were reported to have surged in early October. Musk’s donations, including $44 million to America PAC and $10 million to the Senate Leadership Fund, linked to Senate Minority Leader Mitch McConnell, positioned him as a significant figure in Republican campaign financing.

Musk also donated more than $2 million to the Sentinel Action Fund, a Pennsylvania-based conservative super PAC. The president of the PAC, Jessica Anderson, thanked Musk for his work on X and emphasized how important his assistance was to early voting efforts.

Should Trump reclaim the White House, a GOP-majority Senate would enable continued placement of constitutionalist judges on federal courts, including the Supreme Court if necessary. With these donations, Musk has reportedly contributed close to $120 million to America PAC, focused on mobilizing Republican voters in swing states. Support from Musk, along with donations from the DeVos family and investor Nelson Peltz, has positioned him as one of the election cycle’s most influential donors, although it represents only a small fraction of Musk’s considerable fortune.