Trump Media & Technology, the firm behind his minnow social network Truth Social, has spent years fighting to land on the stock market via a so-called "blank cheque" merger with a shell company.
It finally succeeded yesterday morning, following a vote of shareholders in Digital World Acquisition, the vehicle with which Trump's business has sought to combine.
While Trump Media has struggled since Truth Social's lackluster launch, generating sales of only about $5m since 2021, Trump's supporters banded together to boost shares in Digital World. The stock has rallied by about 145% since the turn of the year, boosting the firm's value to about $6bn. The company will now trade on the stock market as Trump Media & Technology Group under the stock ticker "DJT"-Trump's initials.
This story is from the March 23, 2024 edition of The Guardian.
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This story is from the March 23, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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