Former president Donald Trump's social media company completes merger with cash-rich shell company, raising Trump's wealth by billions and providing a fresh source of cash. Shareholders of Digital World Acquisition become shareholders of Trump Media & Technology Group.
Trump Media will debut with a market value of over $5 billion.
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Social media company Reddit surges after NYSE debutNEW YORK — Shares of social media company Reddit soared nearly 50 per cent on the New York Stock Exchange on Thursday (March 21) in a buoyant market debut that raised hopes about the IPO market.
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