memo
by Focal Foto
In the US presidential election held on November 5, 2024, former Republican President Donald Trump defeated Democratic Party Kamala Harris.won. The media company founded by Trump,Trump Media & Technology Group Corp.(Trump Media)”, despite suffering a loss of $19.2 million (approximately 2.96 billion yen) in the third quarter of 2024, it skyrocketed following the results of the presidential election.
Trump Media (DJT) Shares Rally as Trump Closes In on US Election Victory – Bloomberg
https://www.bloomberg.com/news/articles/2024-11-06/trump-media-rallies-as-republican-closes-in-on-election-victory-m35ol0rt
Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss | AP News
https://apnews.com/article/truth-social-donald-trump-media-earnings-d2cf7bd5483660080f678ba74deb6c52
Tesla’s Stock Jumps After Trump’s Victory – The New York Times
https://www.nytimes.com/2024/11/06/business/tesla-stock-elon-musk-trump.html
Tesla jumps nearly 15% as Trump-backer Musk seen benefiting from White House win
https://www.cnbc.com/2024/11/05/tesla-gains-more-than-9percent-in-extended-trading-as-election-data-rolls-in.html
Trump Media is a media company founded by Trump, and the social media company Trump launched in 2021.Truth Social” is operated. Truth Social has become a platform where many conservative users gather, but compared to when the service first started,Number of users decreasesIt has been reported that they are struggling with this.
Trump Media announced on the evening of November 5th.earnings reportAccording to reports, Trump Media’s revenue for the third quarter from July to September 2024 was just over $1 million (approximately 154 million yen), and the loss amounted to $19.2 million. . Additionally, Trump Media will not disclose performance indicators that other listed companies regularly disclose, such as average number of users and revenue per user.
Despite Trump Media posting significant losses, Trump Media’s stock price jumped 35% at the start of trading on the 6th after Trump secured victory in the US presidential election. Although the rally has since subsided, the results suggest that Trump Media’s stock price is driven by the election results rather than business performance.
According to economic newspaper Bloomberg, Trump Media’s market capitalization was divided by annual sales.Price sales multiple (PSR)It is said that it is a number exceeding “2800”. Once upon a timePrices soar due to internet users’ revelrydidGameStopConsidering that even the PSR of “4” is “4”, you can see that Trump Media’s stock price is going up and down in areas unrelated to business performance.
In addition, the following were affected by the election of Mr. Trump:support trumpThe same goes for Tesla, which is run by Elon Musk, who supported his election campaign. Tesla stock rose nearly 15% on November 6th.
Mr. Trump has called for the abolition of subsidies for electric vehicles (EVs), but this could be a tailwind for Tesla, which already has a large market share in the electric vehicle (EV) industry. I am. Financial services companies/Wedbush“Tesla has unparalleled scale and reach in the EV industry, and this dynamic gives Musk and Tesla a clear competitive advantage in a subsidy-free environment,” said Daniel Ives, an analyst at may result in.”
Mr. Musk supports Mr. Trump’s campaign both financially and in public relations, and Mr. Trump praised Mr. Musk during the speech in which he declared victory. Also, under the Trump administration, Mr. Mask is expected to become the head of the “Government Efficiency Commission,” which will conduct financial and performance audits of the entire federal government.
“A new star has been born. It’s Elon,” Donald Trump praised Elon Musk in his speech declaring victory in the US presidential election – GIGAZINE
Copy the title and URL of this article