Shares of Trump Media & Technology Group Surge Before Market Open According to Investing.com
Technology

DJT’s Successful Merger with Digital World Acquisition Corp.: What it Means for the Social Media Industry

On Monday, the Trump Media and Technology Group (DJT) completed its merger with Digital World Acquisition Corp., marking the beginning of its journey as a publicly traded company. Following its market debut, DJT experienced an incredible gain of more than 16%, with shares continuing to rise by another 16% premarket. This surge in stock prices comes after Donald Trump’s social media company, Truth Social, experienced a massive 50% increase in value just minutes after becoming publicly traded on Tuesday.

Truth Social was developed by Trump after he was banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on those platforms, Trump has remained loyal to Truth Social. He is the majority shareholder of DJT, holding approximately 78 million shares in the company, according to recent filings. The success of DJT and Truth Social demonstrates the power of social media and the importance of having one’s own platform. As DJT continues to grow and expand, it will be fascinating to see how it impacts the social media landscape.

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