Trump’s media company shares jump ahead of backdoor Nasdaq debut

Shares of Donald Trump’s media and technology company jumped nearly 20% before the bell on Tuesday in the run-up to their Nasdaq debut after more than two years since its merger with a blank-check firm was announced.), the parent of Trump’s preferred social media platform Truth Social, would be valued at as much as $8.71 billion based on the premarket trading price.

Meanwhile, a pause to a ruling that would have blocked New York state authorities from seizing his assets bought Trump some A Reddit user Chester-Ming posted “the hype has the potential to offset everything - shitty fundamentals, insane dilution and more,” on 15 million-large “wallstreetbets” investor forum, although the user warned that Trump could potentially cut his stake.

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