Shares of former President Donald Trump’s social media company rose over 40% in its first day of trading on Tuesday. Trump Media and Technology Group, the company behind Truth Social, was estimated to be worth about $9 billion by Tuesday afternoon, making the former president’s 58% share worth about $5 billion. Individual shares rose from $49.95 to as high as $79.38 but began dropping in the late afternoon.
Truth Social’s parent company began trading Tuesday under the ticker DJT, Trump’s initials. Its shares soared after the opening...Trump's social media venture soared as much as 59% in its trading debut on Tuesday delivering a potential windfall of billions of dollars to the former president's net worth.
The surge in shares values a company that had just over $3 million in sales and lost nearly $50 million through the first...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.
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