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Trump's Stock Market Shake-Up
USA, New YorkThursday, April 10, 2025
Trump Media's stock price went up by a whopping 22. 67% that day. It was a huge jump, especially for a company that had lost a lot of money the previous year. Trump owns a big chunk of Trump Media, so he stood to gain a lot from the stock price increase. But the ambiguity in his post left many scratching their heads. Was he giving a general stock market tip, or was he promoting his own company?
Another stock that did well that day was Tesla. Trump had praised Tesla in the past, and his commerce secretary had even urged people to buy the stock. Tesla's surge added billions to Elon Musk's fortune. It was a good day for some investors, but it also raised questions about the influence of public figures on the stock market.
Some experts say that in other administrations, Trump's post would have been investigated. But because of his unique position, it might not lead to any action. Instead, it could just attract more viewers to his social media platform. Trump's post sent a clear message: he can influence the market, and he can do it with little consequence.
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