Trump's social media company surges in trading debut in a big boost to Trump's wealth

Trump Media and Technology Group surged in its trading debut, substantially boosting the former president's wealth — at least on paper.News of Trump Media & Technology Group public trading is seen on television screens at the Nasdaq Marketplace on March 26, 2024 in New York City. At one point, the company was valued at over $9 billion after trading began.

Trading in Trump Media & Technology Group, the company behind the Truth Social app, was so frantic that it was briefly halted at one point. At the end of trading, Trump's stake was worth more than $4 billion — a paper gain that comes as he faces a slew of legal cases. But as of now, he won't be able to sell his shares for another six months.

Trump's real net worth has always been disputed however, making it hard to get a true sense of how much he's actually worth.While Trump stands to gain billions thanks to his more than 50% ownership of Trump Media, he can't sell just yet— unless he's able to renegotiate his current agreement.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Truth Social parent company Trump Media & Technology Group to become publicly traded companyEXCLUSIVE: Shareholders voted Friday to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded entity, Fox News Digital has learned.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

Trump's Truth Social Stock Spikes on Market DebutShares of Trump Media & Technology Group Corp. opened its first trading day up.
Herkunft: Newsweek - 🏆 468. / 52 Weiterlesen »

DWAC climbs 10% after shareholders approve merger with Trump's media groupA potential windfall from selling shares could help pay for Trump’s legal bills and his damage judgments of over $500 million in three separate cases.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »

DWAC climbs about 25% after shareholders approve merger with Trump's media groupA potential windfall from selling shares could help pay for Trump's legal bills and his damage judgments of over $500 million in three separate cases.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Trump Media merger wins investor approval, netting Trump potential windfallTrump will own about 60 percent of the company, which at Digital World’s current share price would be worth about $3.3 billion.
Herkunft: washingtonpost - 🏆 95. / 72 Weiterlesen »