Trump Media stock jumps as much as 50% after DJT ticker debut

Trump Media & Technology Group soared in the first minutes of its NASDAQ debut, triggering a brief trading halt on volatility.

The company's shares jumped Monday after a New York appeals court decreased from $454 million to $175 million the amount of a bond Trump would have to post to avoid the state attorney general collecting on a business fraud judgment while he appeals the case.was briefly halted amid the rise due to volatility before it resumed around 9:40 a.m. ET More than 6.5 million shares in Trump Media had changed hands by 9:50 a.m.

On its last day of trading Monday under the DWAC ticker, the company's shares soared more than 35% after a New York appeals court decreased from $454 million to $175 million the amount of a bond Trump would have to post to pause collection on a business fraud judgment while he appeals the case.

Trump Media reported $49 million in losses for the first nine months of 2023, more than 14 times what it brought in revenue.

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