Trump Media & Technology Group Sees 46% Surge in Stock Market Debut

Tuesday, 26 March 2024, 14:24
Shares of the parent company of Trump's Truth Social platform surged by 46% following its stock market debut, reaching approximately $72. The successful merger with a special purpose acquisition company (SPAC) led to a significant rise in stock value, potentially securing a multibillion-dollar windfall for Trump. Despite previous financial challenges, Trump now enters the list of the world's 500 richest people, showcasing a remarkable financial turnaround.
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Trump Media & Technology Group Sees 46% Surge in Stock Market Debut

Trump Media & Technology Group Stock Skyrockets in Market Debut

Shares of former President Trump's social media startup rose nearly 50 percent following its debut on the stock market Tuesday, triggering a pause on trading.

Details:

  • Shares of the company surged by 46% post debut, reaching around $72.
  • The successful merger with a SPAC marks a significant financial milestone for the Truth Social platform.
  • Trump's stake in the company has elevated his wealth, now ranking him among the world's top 500 wealthiest individuals.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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