Shares of Trump Media & Technology Group Surge Before Market Open According to Investing.com

Trump Media & Technology Group Thrives in Public Trading, Sees Remarkable Gain in Stock Prices

On Monday, the Trump Media & Technology Group (DJT) completed its merger with Digital World Acquisition Corp., allowing it to begin trading on the stock market. Following its debut, DJT saw a remarkable gain of over 16%, with shares continuing to rise by another 16% premarket.

The surge in stock prices came after Trump’s social media company experienced a massive 50% increase in value just minutes after becoming publicly traded on Tuesday. This increase was due in part to the fact that Truth Social, Trump’s social media platform, was developed after he was banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on those platforms, Trump has remained loyal to Truth Social. He is the majority shareholder of DJT, holding approximately 78 million shares in the company, according to recent filings.

Overall, the success of DJT and Truth Social is a testament to Trump’s ability to adapt and innovate in today’s digital age. As more people turn to alternative social media platforms that prioritize free speech and privacy, it is likely that DJT will continue to see growth and success in the future.

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