Trump's Truth Social Stock Spikes on Market Debut

Shares of Trump Media & Technology Group Corp. trading under the ticker 'DJT' opened high on Tuesday, its first day of trading after it completed its merger with Digital World Acquisition Corp. a day earlier.As of 9:40 a.m. ET, 'DJT' was trading nearly 41 percent higher at about $70 a share, according to Google Finance data. Former President Donald Trump owns about 58 percent of the company's shares.

'Today marks a pivotal moment not only for DWAC and TMTG as a combined entity, but for the broader media and technology landscape,' Eric Swider, former CEO of Digital World and a new director of TMTG, said in a statement on Monday.The new entity runs Truth Social, a social media platform created two years ago as an alternative to established players such as Facebook and Twitter, now X.

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Breitbart Business Digest: The Truth About Trump’s Truth Social WindfallSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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Truth Social may merge with public shell company, potentially giving Trump stock worth billionsDonald Trump's Truth Social may vote to merge with Digital World Acquisition Corp. on Friday, opening the door for the social media site company to trade on…
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Truth Social on verge of stock market approval, potentially netting Trump billionsFormer President Trump's Truth Social is set to be approved to enter the stock market Friday, potentially netting the former president billions.
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