Trump’s Social-Media Company Stock Surges on First Day of Trading
Posted on AllSides March 26th, 2024
From The Right
Marco Bello/Reuters
Stock in Donald Trump’s social-media company surged in its Nasdaq debut on Tuesday, sending the former president’s on-paper net worth soaring.
The Trump Media & Technology Group, the owner of Truth Social, began trading under the stock ticker “DJT” Tuesday morning and increased by more than 30 percent by midday, up to nearly $70 per share. The company completed its $300 million merger with Digital World Acquisition Corp on Monday and TMTG replaced Digital World on the Nasdaq exchange.
Digital World is a SPAC corporation, a publicly traded shell company designed to be acquired...
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