Global marketsUpdated Yesterday

Trump Media shares rebound after its first quarterly profit since going public.

Trump Media shares rebounded Tuesday after the company reported its first quarterly profit since going public. The stock had hit an all-time low of $3.80 the previous week. At an early Tuesday intraday peak, shares were up more than 14%, at $4.64; by 1 p.m. EST, they were up 9%, at $4.43. Forbes said the stock had not fully recovered from the plunge and estimated Trump’s net worth at $6.3 billion Tuesday afternoon. It also said he had not fully recovered from an estimated $200 million post-midterm loss. Trump Media reported $409.7 million in net income and $3 million in revenue for the three months ending in September; revenue was three times the year-earlier figure. Forbes Middle East says subscriptions, including Trump API, drove the revenue.

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