Trump’s Victory Just Made Him Radically Richer

If you’re looking to get rich you might want to consider running for president. Donald Trump’s shock election victory Tuesday saw stock in his Trump Media & Technology Group, which owns Truth Social, spike by roughly 35 percent, with his 114.75 million shares skyrocketing to $5.3 billion in premarket trading—up from $3.9 billion at close of markets on Election Day. Trading of the stock was halted three times after the market open on Wednesday, with the shares still up around 16 percent when stopped for the third time. That would value Trump’s stake in the company at $4.6 billion if the 16 percent hike were to hold throughout the day. Matthew Tuttle, a frequent Fox Business News panelist and CEO of Tuttle Capital Management, told CNN it’s hardly surprising to see this sort of surge given how often the stock has been used by traders wagering on a Trump win. Shoring up profits in the longer run, meanwhile, will take some further finessing, being as the company itself has little revenue, and that Truth Social holds only a tiny share of the overall social media market. “The magnitude of his victory helps, but longer term they need to come up with some sort of strategy,” Tuttle said.

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Whoopi Goldberg made clear on The View on Wednesday morning that her policy against uttering Donald Trump’s name isn’t changing despite his victory. After expressing her admiration for Kamala Harris’ relentless campaign, Goldberg acknowledged, “People didn‘t come out, I don‘t know why, and it doesn‘t even matter. He’s now the president.” She then added, “I’m still not going to say his name. That’s not going to change.” Goldberg has refused to say Trump’s name on The View since he first took office in 2016, explaining that she “can’t” bring herself to put the word “President” before the name Trump. “I know people don’t like that I don’t do it. I’m fine with that. There is lots of stuff I do people don’t like, you know. I can live with it,” she said in 2018. The View moderator has only broken her self-imposed rule a handful of times, including deliberately after he was found guilty on 34 felony counts and accidentally following his debate against Joe Biden in June.

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Entertainment blogger Jason Lee was elected to the Stockton, California city council, Media Take Out reported Wednesday. Lee founded Hollywood Unlocked, a popular gossip news site. The Stockton native won his seat with 56 percent of the vote, according to ABC 10. “Now I begin the work of creating safer and stronger communities, improving our quality of life and charting our next chapter,” Lee wrote in his victory post on Instagram Wednesday. “Heck, forget the next chapter. We will write a whole new book!” Beyond Hollywood Unlocked, the 44-year-old has launched a multi platform media brand and carved out a space for himself in Los Angeles’ social scene, particularly in Black media. “I’m respected, but I’m not a journalist,” he told the Los Angeles Times in 2022. In 2006, he moved to L.A. and directed a labor union representing healthcare workers. During that time he also started to make a name for himself around Hollywood. He left the union in 2009 and dedicated himself to building Hollywood Unlocked, which started as an Instagram page and has grown into a website. Lee came under fire in Feb. 2022 when he mistakenly reported that Queen Elizabeth II had died. “People expected a person who says f--- cancel culture to be hung on the cross for a moment of imperfection,” he said in 2022. “I’m going to continue to be as great as I am.”

The Badger State is best known for its cheese and its football team. Now Wisconsin will take its place in history as the state that clinched the 2024 presidential election for Donald Trump. As inevitable as the outcome appeared as one battleground state after another surrendered to the former president, he still needed to get across the line with more than 270 electoral votes to reclaim the White House. At about 6.15 am ET on Wednesday morning, the networks started calling Wisconsin and its 10 Electoral College votes for Trump, putting him out of reach of his Democratic Party rival with 276 electoral votes, six more than required. Trump hadn’t exactly enamored himself with people in the “Blue Wall” state after calling Milwaukee, the location for the Republican National Convention, a “horrible city.” But he made amends with cheeseheads after riding a garbage truck to a rally in Green Bay in response to Joe Biden trashing MAGA fans.

CNN’s John King Goes Rogue and Calls the Election HimselfENOUGH ALREADY

Sean Craig

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

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One of President-Elect Donald Trump’s closest advisors says he won’t be joining the Republican candidate in the White House next year. Corey Lewandowski told the Daily Beast in an email that he “will not be a government employee” in Trump’s second administration. Lewandowski served as Trump’s campaign managed in 2016 but was fired in what Donald Trump Jr. called an “amicable” split. He remained close with Trump, meeting with him at the White House multiple times as a private citizen, and went on to become a TV political commentator in addition to his job as political strategist. He reemerged on the Trump campaign this year in August as a volunteer advisor, after the president-elect reportedly reached out and told him he missed the “fun” and “freewheeling” ways of his 2016 campaign. The Atlantic reported Lewandowski went “rogue”—much to the chagrin of other senior Trump aides—in encouraging Trump to return to his “killer” nature from 2016, which coincided with a raw and seemingly less disciplined Trump in the final weeks of the campaign. Unleashing the old Trump didn’t seem to dent his prospects, however, as the Republican pulled off the best electoral performance of his political career.

Donald Trump appears to owe a significant debt to rural voters for his victories across several key battleground states that ultimately secured him Tuesday’s historic vote, with an inverse swing away from the Democratic candidate in more urban areas. CNN reports that the incoming Republican president’s margins across rural counties appear, in many cases, “to have been simply too large to overtake.” These include Huntingdon, central Pennsylvania, where he’s apparently on track to beat both his total and margin of votes from 2020. Early stats indicate that Harris, meanwhile, appears to have significantly underperformed compared to Joe Biden’s big city and suburban wins in 2020–such as in Montgomery County, where she secured just 60 percent of the vote at 2.5 points lower than Biden four years ago.

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

Kamala Harris’ billionaire surrogate Mark Cuban admitted defeat to Donald Trump as the 2024 presidential election continued to slide in favor of the 78-year-old. Cuban had caused outrage after an appearance on The View in which he claimed Trump refuses to surround himself with “strong, intelligent women,” forcing a strong rebuke from the women of MAGA including Marjorie Taylor Greene and Lara Trump. The former president also referred to Cuban in a Truth Social post, calling him a “dumb guy.” Taking to X on Wednesday morning, as conservative networks including Fox News began calling the race in favor of Trump, Cuban wrote, “Congrats @realdonaldtrump. You won fair and square. .Congrats to @elonmusk as well. He added, ”Godspeed." The post comes as the Harris campaign announced the Democratic candidate would not address the public until Wednesday, as her chances of taking the White House appear slimmer and slimmer.

Naomi Biden, Joe Biden’s granddaughter, announced via Instagram on election night that she is expecting her first child. Naomi posted an Instagram story showcasing her bump with an “I Voted” sticker. “(we) voted,” she captioned the post, along with an American flag and upside down smile emoji. The baby will be Joe and Jill Biden’s first great-grandchild. Naomi, the eldest child of Hunter Biden, has been a fixture in the Biden White House social scene. She has appeared at several state dinners this year and accompanied her grandfather to the G7 conference in Italy in June. She married Peter Neal at the White House in 2022, becoming the first presidential grandchild to get married at the executive mansion. The Daily Mail reported that Naomi’s pregnancy was “the talk of a state dinner in May,” and that “speculation has been rampant for months that she was expecting.”

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The Federal Bureau of Investigation warned voters on Tuesday that three instances of fake posts using the federal agency’s logo were spreading false information about the 2024 presidential election. The first was a written post that warned the media not to cover violence at polling stations. “This statement is not authentic, is not from the FBI, and its contents are false,” the FBI said in a news release on Tuesday. Investigators also warned of false videos claiming to be from the federal agency, including one that claimed schools in the U.S. would be closed through Nov. 11 due to a risk of “school shooting and riots” related to the 2024 presidential election. The second video purported to report on “9,000 complaints about malfunctioning voting machines.” The FBI said both videos and their contents were fake. The agency said it was working with local law enforcement to protect the integrity of the electoral process. Although the FBI did not immediately say where the videos originated, the FBI and other federal agencies previously issued a joint statement warning Americans about an increase in Russia-linked disinformation campaigns “raise unfounded questions about the integrity of the US election and stoke divisions among Americans.”

The Daily Beast Podcast episodes are released every Thursday. Like and download on Spotify, Apple Podcasts, YouTube, or your favorite podcast app. And click here for email updates as each new episode drops.

Election Day seems to have called some members of the American electorate out of hibernation. Google Trends showed spiking search interest in the United States for the query “Did Joe Biden drop out?” over the past two days, surging to an even higher peak on Tuesday as voters took to the polls to pick between Donald Trump and Kamala Harris. The vice president replaced President Biden as the Democratic nominee in July after his disastrous debate performance versus Trump. Biden posted a letter to Americans on July 21 announcing his decision to withdraw from the race. “I believe it is in the best interest on my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term,” Biden said. On X, the evidence of these oblivious Americans—amid the nation’s highly divisive political atmosphere—became fodder for jokes.