Truth Social Stock Volatility Amid Speculation of Elon Musk Acquisition

Shares of Trump Media & Technology Group experience wild fluctuations as rumors circulate about a potential merger with Musk's X platform.

Truth Social's parent company, Trump Media & Technology Group, has seen its stock price fluctuate dramatically, with a 230% rise in October followed by a steep decline this week.
Speculation about a possible acquisition by Elon Musk's X platform has fueled market interest, though no official confirmation has been made.
The stock's volatility is closely tied to Donald Trump's election prospects, with significant movements as the presidential race between Trump and Kamala Harris remains tight.
Trump's net worth has been impacted by the stock's recent decline, losing approximately $1.9 billion as shares dropped by over 22% this week.
Trading halts have occurred multiple times due to the stock's extreme volatility, reflecting its status as a speculative investment linked to Trump's political fortunes.