Trump Media's stock rose 6% ahead of the U.S. midterm elections, driven by political sentiment despite ongoing losses and regulatory scrutiny over its Truth API service. The company reported a 92.5% revenue increase but a net loss of $238 million in Q2 2026, largely due to non-cash asset losses and legal costs. Rival platforms Rumble and Reddit showed mixed performance, with Rumble down 3% amid declining revenue and Reddit up 3% after stabilizing from a recent drop. Investors are watching to see if Trump Media's election-driven rally will sustain post-election, especially with a pending merger and new revenue streams on the horizon.
Trump Media rose 6.53% to USD 5.96 on Pluang as of Nov 03, 2026 01:21 WIB, reflecting strong short-term interest. Reddit also gained 2.60%, trading at USD 94.05, showing moderate investor confidence. Trump Media's market cap stands at $1.55B, while Reddit's is much larger at $17.71B, indicating different scales of market presence.
