Trump Social Media Company Surges in Value by 50% on Market Debut

Shares of Trump Media & Technology Group Surge Before Market Open According to Investing.com

On Tuesday, Donald Trump’s social media company experienced a massive 50% increase in value just minutes after becoming publicly traded. This surge in stock prices was followed by a remarkable gain of more than 16% for the Trump Media & Technology Group (DJT) on its market debut. Shares continued to rise by another 16% premarket.

The merger between Trump Media and Digital World Acquisition Corp. was finalized on Monday, paving the way for DJT to begin trading on the stock market. By the close of Tuesday’s session, the stock was priced at $57.99, and as of Wednesday morning, it has surpassed the $67 per share mark.

Truth Social, Trump’s social media platform, was developed after he was banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on those platforms, Trump has remained loyal to Truth Social. He is the majority shareholder of DJT, holding approximately 78 million shares in the company, according to recent filings.

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