From Mother Jones · Russ Choma · · 1m 50s
Trump's media ban boosted his own company's stock
When Trump banned CNN, MSNBC, and Politico from the White House, his Truth Social parent company's stock jumped 2.3 percent overnight.
In brief
When Trump banned CNN, MSNBC, and Politico from the White House, his Truth Social parent company's stock jumped 2.3 percent overnight. Trump's attacks on mainstream media outlets coincided with a sudden spike in his own media company's stock price, though the company remains deeply unprofitable. Originally reported by…
Trump bans three major news outlets
Trump announced he was banning CNN, MSNBC, and Politico from the White House, claiming they spread fake news. He made the announcement on Truth Social, his own social media platform.
His company's stock suddenly jumped
Trump Media and Technology Group's stock rose 21 cents, or about 2.3 percent, when markets opened Monday morning after the ban announcement. By Tuesday evening, it had climbed to $9.40, its highest price in weeks.
Trump personally gained $64 million
Trump owns an estimated 114 million shares of TMTG. The stock price jump briefly represented a theoretical $64 million boost to his personal holdings, though the gains have since partially retreated.
The company is still deeply unprofitable
Truth Social lost an estimated $238 million in the second quarter of 2026. The stock has plummeted 88 percent from its March 2024 high of $79.38, and the platform has experienced massive traffic declines since 2025.
New API service faces legal challenges
TMTG announced a $100,000 per month API service giving traders immediate access to Trump's posts for fast trading. San Francisco and federal courts have filed lawsuits claiming it violates insider trading laws and constitutional protections.
White House launches its own streaming service
In response to the television networks' boycott, the White House announced Trump TV, a streaming service for his public appearances. Notably, it will stream on YouTube rather than on TMTG's own Truth+ platform.
“Missed President Trump's speech at the UN? Missed the historic Greenland deal signing? Tune in to TRUMP TV at 12:05 PM EST to watch in full.”
The short version
Trump's attacks on mainstream media outlets coincided with a sudden spike in his own media company's stock price, though the company remains deeply unprofitable.
