• Mon. Jun 17th, 2024

The Great Trump Stock Market Debut: DJT’s 50% Increase in Value and Successful Launch of Truth Social

BySamantha Johnson

Mar 27, 2024
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. The surge in stock prices came after 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. The gains were more than 16%, following its market debut. 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 Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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