Trump's social media company to start trading on the Nasdaq on Tuesday

📆 25/3/2024 17:45:00
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Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday.

Truth Social launched in February 2022, one year after Trump was banned from major social platforms including Facebook and X, formerly Twitter, following the Jan. 6 insurrection at the U.S. Capitol

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyShares of Digital World have been volatile. On Friday the stock slumped 13.7% after the merger was approved. In afternoon trading Monday soared 22% to $45.40. Trump won’t be able to cash out his stake in the Palm Beach, Florida-based company immediately, unless the company’s board makes changes to a “lock-up” provision that prevents company insiders from selling newly issued shares for six months.

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Trump's social media company to start trading on the Nasdaq on TuesdayTrump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday.
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