Shares of Trump Media & Technology Group surge before the market opens, according to Investing.com

On its market debut, shares of Trump Media & Technology Group (DJT) surged more than 16%, and are up an additional 16% premarket. The company, which includes Trump’s social media platform Truth Social, saw a significant increase in value following its merger with Digital World Acquisition Corp. DJT closed Tuesday’s session at $57.99 per share.

Following the completion of the merger on Monday, DJT saw a rapid increase in value, with the stock trading above $67 per share ahead of Wednesday’s opening. Trump’s decision to launch Truth Social came after being banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on these platforms, Trump has remained loyal to Truth Social.

As the majority shareholder in DJT, Trump holds approximately 78 million shares in the company. The success of Truth Social and the positive response from investors have contributed to the rapid rise in DJT’s stock value. Trump’s presence in the company has helped bolster confidence in its future growth and potential for further success in the market.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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