Former president
Donald Trump
‘s Trump Media & Technology is powering higher on Wednesday after a stellar debut, as
investors
use it as a way to bet on his
re-election campaign
.
Investors are flocking back to the parent company of
Truth Social
, driving shares up nearly 12% as of mid-Wednesday – paring an earlier increase, but still adding some $959 million to its value.
The steady move higher comes after the
stock
jumped to a roughly two-year peak on Tuesday when the media startup traded for the first time as a public company.
The potential funds come at a critical time for Trump, who is paying millions of dollars a month to fund his ongoing legal troubles, including four criminal prosecutions. His first criminal trial – alleging he falsified business records to conceal hush money payments to a porn star before the 2016 election – is set to start on April 15.