Trump Media & Technology Group Surges More Than 32% on Debut and Pre-Market Trading after Merger

Shares of Trump Media & Technology Group surge before the market opens, according to Investing.com

The stock price of Trump Media & Technology Group (DJT) surged more than 16% on its market debut, and is currently trading up an additional 16% premarket. The company, which includes Trump’s social media platform Truth Social, experienced a significant increase in value after merging with Digital World Acquisition Corp.

The merger allowed DJT to become publicly traded, closing Tuesday’s session at $57.99 per share. Following the completion of the merger on Monday, DJT saw a rapid increase in value, with the stock trading above $67 per share ahead of Wednesday’s opening.

Trump’s decision to launch Truth Social came after being banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on these platforms, Trump has remained loyal to Truth Social. As the majority shareholder in DJT, Trump holds approximately 78 million shares in the company. The success of Truth Social and the positive response from investors have contributed to the rapid rise in DJT’s stock value.

Trump’s presence in the company has helped bolster confidence in its future growth and potential for further success in the market. With its unique blend of innovative technology and powerful branding, DJT is poised for continued success as it continues to grow and evolve in today’s fast-paced digital landscape.

Sophia Reynolds

As a content writer at newsloki.com, I'm always on the lookout for the next intriguing story to share with our audience. With a passion for crafting engaging and informative content, I delve into a variety of topics ranging from breaking news to feature pieces. My goal is to captivate readers through my words and keep them coming back for more. When I'm not typing away at my keyboard, you can find me exploring new coffee shops, diving into a good book, or taking long walks in nature. Join me on this journey of storytelling and discovery at newsloki.com - where every word has the power to inform and inspire.

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