Trump Media shares jump more than 14% ahead of presidential inauguration

Group 1 - Shares of Trump Media increased by over 14% in midday trading, marking a significant rise ahead of President-elect Donald Trump's inauguration [1] - The stock is on track for its best performance since November 18, when it surged 16.65% due to news of advanced talks to acquire cryptocurrency trading firm Bakkt [1] - Trump Media's market capitalization exceeded $8.7 billion as of 1 p.m. ET on Monday, reflecting a 218% increase since September 23, when shares hit their lowest point since 2021 [4] Group 2 - Trump's inaugural celebrations will commence with a reception on Saturday, followed by additional festivities and a "victory rally," with the swearing-in scheduled for January 20 [2] - Major tech companies and executives have contributed to Trump's inaugural fund, including $1 million donations from Google, OpenAI CEO Sam Altman, and Meta, along with reported contributions from Apple CEO Tim Cook and Amazon [2] Group 3 - Although Trump has not held an executive role in Trump Media, he was the largest individual shareholder before transferring his stake to a revocable trust, where he remains the sole beneficiary [3] - The trust's sole trustee, Donald Trump Jr., has exclusive voting and investment power over the shares, which Trump did not receive any money for during the transfer [3]