Trump Media & Technology Group shares are trading higher after the US Supreme Court declined Michael Cohen's bid to sue Donald Trump and others for alleged retaliation over a tell-all book. Also, the company announced the release of Truth+ on iOS and Apple TV.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group shares rose after the US Supreme Court rejected Michael Cohen's lawsuit against Donald Trump. The company also launched Truth+ on iOS and Apple TV.
October 21, 2024 | 2:09 pm
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POSITIVE IMPACT
Trump Media & Technology Group shares increased following the Supreme Court's decision to dismiss Michael Cohen's lawsuit against Donald Trump. Additionally, the launch of Truth+ on iOS and Apple TV could enhance the company's product offerings.
The dismissal of the lawsuit removes a potential legal hurdle, positively impacting investor sentiment. The launch of Truth+ on popular platforms like iOS and Apple TV could expand the user base and increase revenue potential.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80