Trump's social media company soars nearly 50% in its first day of trading on Nasdaq!!!!!!

[RicoSuave102954]

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company. As of 9:55 a.m. ET, the shares were up 47% to $73.50.

Many of Trump Media’s investors are small-timers either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through.

 

[Rifler]

Not a buyer...

 

[theiacowtipper]

Really, it’s not a cult

 

[hawkeyez]

Can this stock be shorted yet? Multi billion dollar valuation with essentially no revenue and a LONG road ahead to profitability.

"Despite Trump Media’s relatively high market valuation, the company reported less than $3.5 million — that’s million, not billion — in revenue over the first three quarters of 2023, with reported losses more than 10 times that amount."

 

[noStemsnoSTICKS]

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company. As of 9:55 a.m. ET, the shares were up 47% to $73.50.

Many of Trump Media’s investors are small-timers either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through.

This post certainly didn't age well.

Nice try, patriot. Lol.

 

[Chishawk1425]

 

[jneffer]

View embedded media

this isn't even a politician asking for campaign donations

this is just asking his supporters to basically give him money

breaking new ground in political corruption...just publicly begging people to hand over money directly to you

 

[Chishawk1425]

this isn't even a politician asking for campaign donations

this is just asking his supporters to basically give him money

breaking new ground in political corruption...just publicly begging people to hand over money directly to you

People voted for this embarrassment 2 times and are ready to do it a 3rd time.

 

[ivshawk]

View embedded media

The guy has no shame. Never seen anything like this. I just don’t understand people believing in him. He surely isn’t someone you would want your kids to emulate in any part of life. You can say that about a large majority of politicians but usually not someone at the Presidential level. It’s just madness

 

[hawkeyetraveler]

As this thing continues to drop what are the odds Trump violates securities law with pump and dump solicitations? I set the over under at 60%.

His lawyers have to be salivating over the fees they will command when he does violate the law.

 

[jneffer]

The guy has no shame. Never seen anything like this. I just don’t understand people believing in him. He surely isn’t someone you would want your kids to emulate in any part of life. You can say that about a large majority of politicians but usually not someone at the Presidential level. It’s just madness

trump supporters are the most vocal group with general accusations of politicians using their position for their own personal financial gain

but this is OK

 

[SoProudNole]

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company. As of 9:55 a.m. ET, the shares were up 47% to $73.50.

Many of Trump Media’s investors are small-timers either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through.

 

[Chishawk1425]

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company. As of 9:55 a.m. ET, the shares were up 47% to $73.50.

Many of Trump Media’s investors are small-timers either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through.

 

[VodkaSam]

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq

Before trading began, Trump Media had a market value of about $6.8 billion. As of 9:55 a.m. ET, the shares were up 47% to $73.50.

Many of Trump Media’s investors are small-timers either trying to support Trump or aiming to cash in on the mania

Trading at $26.55 a few minutes ago as it continues to nosedive. Remember…Truth Social’s annual revenue is less than the average annual revenue of one midsize McDonalds franchise.

 

[RollingBallofButcherKnives]

 

[JamieRaterman]

Wow, saw that news too! Exciting stuff. Reminds me of a wild ride I had trading stocks. Was following a similar buzz around a new social media company when a friend, who works at a prop trading firm, shared some insights. We dove in, leveraging their pro routing techniques. That day, we rode the wave of excitement and saw some serious gains.