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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump’s Social Media Company Is Set to Trade Tuesday on NasdaqFormer president Donald Trump’s social media startup is set to begin trading Tuesday after completing a blank-check deal that may bring him a financial windfall.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Trump's social media company to start trading on the Nasdaq on TuesdayTrump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Trump’s social media company to start trading on the Nasdaq on TuesdayShareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote
Source: globebusiness - 🏆 31. / 66 Read more »