Trump Media shares surge as Trump wins presidential election

Former President Donald Trump’s media company saw its shares rise after projections indicated he was winning the presidential election. Despite posting a loss in the third quarter, the stock surged as Trump gained a solid Electoral College lead. Trading was halted multiple times due to volatility, but the stock, seen as a market proxy for Trump, continued to rally. The company’s CEO expressed optimism in a statement, but it’s important to note that the stock’s performance may be influenced by various factors beyond the election results.