Former President Donald Trump’s (pictured at his hush-money legal case hearing in New York earlier this month) stake in the new publicly traded company initially was valued at $3 billion, though there are restrictions to how and when the former president can access the assets.
Photo by John Angelillo/UPI | License Photo
Photo by John Angelillo/UPI | License Photo
March 26 (UPI) — Stocks of former President Donald Trump‘s media company Truth Social rose by about 50% shortly after the stock premiered on the Nasdaq Tuesday before dropping somewhat by the end of the trading day.
Trump Media & Technology Group premiered on the exchange Tuesday under the DJT symbol.
The company is being led by former California Republican Rep. Devin Nunes.
By the end of the trading day, the stock closed at $57.99 per share, which was a gain of 16%, according to CBS News.
On Monday, Trump’s Truth Social media company completed its merger with a partner shell company,…
