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Shares for the Trump Media & Technology Group (TMTG) stock, DJT, surged 50% before experiencing a brief halt due to volatility.<\/p>\n
The market capitalization reached about $15 billion before dropping. Trading resumed at 9:40 a.m. ET. By 9:50 a.m. ET, more than 6.5 million shares of the stock had been exchanged<\/a>.<\/p>\n TMTG\u2019s stock price rose to nearly $72 from an opening price of $49.95, according to The Hill<\/a>. By the time the market closed, TMTG traded at $58.<\/p>\n BREAKING: Trump’s media stock ($DJT) is soaring a whopping 50% on its first day.<\/p>\n It has a $15 Billion market cap, higher than EIGHTY companies listed on the S&P 500 including American Airlines.<\/p>\n Trump owns a 58% stake in the company, meaning he is now $9 BILLION richer.<\/p>\n The\u2026 pic.twitter.com\/yrYMoJ7c1g<\/a><\/p>\n \u2014 End Wokeness (@EndWokeness) March 26, 2024<\/a><\/p><\/blockquote>\n After TMTG successfully merged<\/a> with Digital World Acquisition Corporation, Donald Trump became one of the richest people in the world.<\/p>\n Trump, whose share of the company is expected to be around 58% stake, could be worth around $3 billion, making his net worth an estimated $6.4 billion.<\/p>\n BREAKING from Bloomberg: Trump’s wealth SOARS to record $6.4 billion on SPAC deal, making him one of the world’s 500 richest people. https:\/\/t.co\/ybHbvw4OTu<\/a><\/p>\n \u2014 Steven Dennis (@StevenTDennis) March 25, 2024<\/a><\/p><\/blockquote>\n Upon launching TMTG, CEO Devin Nunes said in a press release<\/a>, \u201cWe built this company to protect the American people\u2019s voices and their freedom.\u201d<\/p>\n \u201cHaving transformed into a public company, Truth Social remains committed to maintaining and vehemently defending a digital space for free expression.\u201d<\/p>\n<\/div>\n<\/div>\n\n
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