Trump’s Truth Social Soars in Market Debut: Company Experiences 50% Increase in Value and 16% Gain on First Day of Trading

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 over 16% for the Trump Media & Technology Group (DJT) as it made its market debut on Monday. The merger between DJT and Digital World Acquisition Corp. paved the way for this successful launch.

Trump’s loyalty to his social media platform, Truth Social, has been unwavering despite being reinstated on mainstream platforms like Facebook and Twitter. He holds approximately 78 million shares in the company as a majority shareholder, according to recent filings. As of Wednesday morning, DJT’s stock price has surpassed $67 per share, continuing its upward trajectory from the previous day’s close of $57.99.

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