Trump’s Social Media Company to Start Trading on the Nasdaq on Tuesday

The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Trump’s Truth Social looks set to hit Wall Street in a move that could give him stock worth billions of dollars on paper. But the former president likely can’t cash it out right away, unless some things change. (AP Photo/John Minchillo)

(AP) – Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday.





Join our WhatsApp group



Subscribe to our Daily Roundup Email

Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote.

The common stock of Trump Media & Technology Group will trade under the ticker symbol “DJT.”

Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.


Follow VINnews for Breaking News Updates



This post was originally published on this site