7 months ago
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Members of the Secret Service surrounded former President Donald J. Trump after shots were fired at a rally in Butler, Pa., on Saturday. Credit…Doug Mills/The New York Times
Shares in Donald Trump’s social media company have surged after he survived an assassination attempt on Saturday.
Shares in Trump Media, which runs the Truth Social platform, closed up about 31 per cent.
The price had risen as much as 70 per cent in pre-market trading over the weekend before falling back again.
Analysts said the gains reflected bets that the shooting had improved Mr Trump’s chances of winning the US presidential election in November.
A bullet caught the former president’s ear during one of his election rallies, shortly before the gunman was shot dead by a Secret Service sniper.
Mr Trump said in one of his first interviews since the attack, “I’m supposed to be dead, I’m not supposed to be here.”
Billionaire Elon Musk is among those who have formally endorsed Mr Trump since the shooting.
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