Tue. Jun 25th, 2024
Shares of Trump Media & Technology Group Surge Before Market Open According to Investing.com

On Monday, the merger between Trump Media and Digital World Acquisition Corp. was finalized, paving the way for DJT to begin trading on the stock market. The company saw a remarkable gain of more than 16% following its market debut, with shares continuing to rise by another 16% premarket.

Trump’s social media company experienced a massive 50% increase in value just minutes after becoming publicly traded on Tuesday, which contributed to the surge in stock prices. The stock was priced at $57.99 by the close of Tuesday’s session and has since surpassed the $67 per share mark as of Wednesday morning.

The surge in stock prices comes after Donald Trump’s social media company experienced a massive 50% increase in value just minutes after becoming publicly traded on Tuesday. 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.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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