Drone company, Global UAV Technologies Ltd., saw a significant rise in their stock price after announcing the appointment of Donald Trump Jr., the son of former U.S. President Donald Trump, to their advisory board.
The appointment of Trump Jr. has indeed had a positive impact on the company. The immediate response to this announcement was a double-digit surge in the company’s stock prices. His inherent value as a renowned businessman was evidently recognized by investors who believe that his contribution can provide the company with a competitive advantage.
Global UAV Technologies further expects that his experience and connections can drive considerable growth in the business, extending their footprint in the market, and providing the necessary edge over competitors. His strong following could potentially attract more investors to the company and could provide access to more opportunities in the market.
One of the company’s key objectives for appointing Trump Jr. is to enhance the company’s visibility within the United States. They believe this strategic move will prominently position the company in the public eye, thereby boosting their stake in the market.
As Trump Jr. is well connected in the political universe, his presence in the company can also help navigate through regulatory avenues and tap into government-sponsored programs – a strategic aspect that is crucial for a technology-driven entity like Global UAV.
To conclude, the addition of Trump Jr. to the board of advisors was a strategic move for Global UAV Technologies. It enhanced the visibility and credibility of the business in the fastest-growing drone market – the U.S. The appreciation in stock price following the announcement proves that the market also shares the same positive sentiment.