DJT Makes Impressive Stock Debut: Truth Social Surges to $67 per Share and Outperforms Premarket Expectations

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

The merger between Trump Media and Digital World Acquisition Corp. was finalized on Monday, paving the way for DJT to begin trading on the stock market. By the close of Tuesday’s session, the stock was priced at $57.99, and as of Wednesday morning, it has surpassed the $67 per share mark.

The surge in stock prices comes after Donald Trump’s social media company experienced a massive 50% increase in value just minutes after becoming publicly traded on Tuesday. 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.

Trump Media & Technology Group (DJT) saw a remarkable gain of more than 16% following its market debut, with shares continuing to rise by another 16% premarket. This impressive growth is due to the success of Truth Social and the strategic partnership between DJT and Digital World Acquisition Corp., which will help expand their reach and grow their user base.

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