Some Democrats said President Joe Biden needs to exit the White House race against Donald Trump after his debate performance. DJT stock may benefit.
Trump Media shares rose sharply in premarket trading after President Joe Biden stumbled at times verbally in his first presidential debate of 2024 against former President Donald Trump.DJTapp owner traded at more than $40 per share early Friday, with volume heavy at more than 3 million shares changing hands as the stock price gave back some of its early gains.
Former President Trump, who is the presumptive Republican nominee, owns almost 65% of Trump Media shares. The company's market capitalization was around $6.5 billion as of Friday despite having meager revenue.Trump gag order partially lifted in hush money case ahead of Biden debate Biden, 81, was widely seen by political observers and Democratic donors as giving a dismal performance on Thursday night in his debate against Trump at CNN's studios in Atlanta. Biden's speech was garbled at times, he lost his train of thought and his face looked blank, with his mouth agape, at times as Trump spoke.
"This is terrible. Worse than I thought was possible. Everyone I'm speaking with thinks Biden should drop out," that donor said.Democrat candidate, U.S. President Joe Biden attends a presidential debate with Republican candidate, former U.S. President Donald Trump, in Atlanta, Georgia, U.S., June 27, 2024.Delaware County
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