On Monday, the Trump Media & Technology Group (DJT) completed its merger with Digital World Acquisition Corp., paving the way for its stock market debut. Following the merger, DJT began trading on Tuesday and experienced a massive 50% increase in value within minutes of becoming publicly traded.
The surge in stock prices continued on Wednesday morning, with DJT’s shares surpassing the $67 per share mark. This gain came after Trump’s social media company, Truth Social, also saw a 50% increase in value just minutes after going public on Tuesday.
Trump created Truth Social as an alternative to mainstream platforms like Facebook and Twitter after being banned from those platforms. Despite being reinstated on those platforms, Trump has remained loyal to Truth Social and holds approximately 78 million shares in the company through his majority stake in DJT.
