Trump Media share price surge 40% overnight on Robinhood amid speculation of Donald Trump’s election win

Shares of Trump Media & Technology Group, the social media company founded by former U.S. President Donald Trump, surged as early results from the U.S. presidential election began to roll in. The stock rallied 10% by the close of formal after-hours trading on Tuesday, the US Election Day.

The upward momentum continued during special late trading on the Robinhood platform, with the stock soaring approximately 43%, reaching over $48 per share.