Trump Media & Technology Group Corp. merged Monday with 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.
Shares closed at $57.99, up 16.1%, giving the company a market value of $7.85 billion. At one point the stock was up about 59%. Trump holds a nearly 60% ownership stake in the company, now worth about $4.6 billion.
Many of those investing in Trump Media are small-time investors either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through.
Truth Social launched in February 2022, one year after Trump was banned from major social platforms including Facebook and X, formerly Twitter, following the Jan. 6 insurrection at the U.S. Capitol. He’s since been reinstated to both but has stuck with Truth Social.
On Truth Social Tuesday, users were posting about being shareholders or seeking tips on how to buy shares.
One user urged conservatives to “get behind the DJT stock and sent it over $100 per share” to “drive the liberals insane!” Another declared: “Get yourself a piece of #DJT stock if your a true MAGA supporter.”
هذه القصة مأخوذة من طبعة March 29, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 29, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
10 TIPS FROM EXPERTS TO HELP YOU CHANGE YOUR RELATIONSHIP WITH MONEY IN 2025
Now that 2025 is here, you might be reflecting on your financial goals for the year.
TIKTOK CREATORS LEFT IN LIMBO WHILE AWAITING DECISION ON POTENTIAL PLATFORM BAN
Will TikTok be banned this month?
WWE READY TO BEGIN NETFLIX ERA WITH 'MONDAY NIGHT RAW' MOVING TO THE STREAMING PLATFORM
Nick Khan's prediction becomes a reality on Monday night.
FUBO COMBINING WITH DISNEY'S HULU + LIVE TV: LAWSUIT AGAINST VENU SPORTS SETTLED
Disney's Hulu + Live TV and sports streaming service Fubo are combining in a deal that will also see the settlement of a lawsuit against the creation of Venu Sports.
A NEW NEUTRINO DETECTOR IN CHINA AIMS TO SPOT MYSTERIOUS GHOST PARTICLES LURKING AROUND US
Underneath a granite hill in southern China, a massive detector is nearly complete that will sniff out the mysterious ghost particles lurking around us.
NEW LABELS WILL HELP PEOPLE PICK DEVICES LESS AT RISK OF HACKING
The federal government is rolling out a consumer labeling system designed to help Americans pick smart devices that are less vulnerable to hacking.
AI IS A GAME CHANGER FOR STUDENTS WITH DISABILITIES.SCHOOLS ARE STILL LEARNING TO HARNESS IT
For Makenzie Gilkison, spelling is such a struggle that a word like rhinoceros might come out as “rineanswsaurs” or sarcastic as “srkastik.”
FROM AI ASSISTANTS TO HOLOGRAPHIC DISPLAYS, AUTOMAKERS SHOWCASE IN-CABIN EXPERIENCES AT CES
Interior lighting aimed at reducing motion sickness. Shiny holographic dashboards displayed on windshields. And Al-powered voice assistants paired with infotainment systems to keep you company on long drives.
IN 2024.ARTIFICIAL INTELLIGENCE WAS ALL ABOUT PUTTING AI TOOLS TO WORK
If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank.
APPLE TO PAY $95 MILLION TO SETTLE LAWSUIT ACCUSING SIRI OF EAVESDROPPING
Apple has agreed to pay $95 million to settle a lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other trendy devices.
