Trump’s social media company soars 40% in its first day of trading on Nasdaq

NEW YORK (AP) — Shares of Donald Trump’s social media company jumped nearly 40% in the first day of trading on the Nasdaq, boosting the value of Trump’s large holdings in the company as well as the smaller stakes of supporters who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

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