Donald Trump’s Truth Social Surges Stock Prices by 50% on First Day of Trading

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

On Tuesday, the stock price of Trump Media & Technology Group (DJT) experienced a massive 50% increase in value just minutes after becoming publicly traded. The surge in stock prices was largely due to the popularity of Donald Trump’s social media platform, Truth Social.

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, but as of Wednesday morning, it has surpassed the $67 per share mark.

Truth Social was developed by Trump after he was banned from mainstream social media 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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