• Sat. May 25th, 2024

Trump Media & Technology Group (DJT) Surges More Than 16% on Debut and Premarket, with Trump’s Social Media Platform, Truth Social, as a Key Factor

BySamantha Nguyen

Mar 27, 2024
Shares of Trump Media & Technology Group surge before the market opens, according to Investing.com

The stock of Trump Media & Technology Group (DJT) rose more than 16% on its debut, and is currently 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.

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.

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 presence in the company has helped bolster confidence in its future growth and potential for further success in the market.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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