"Trump's Media Company Soars 50% in Wall Street Debut"

1 min read
Source: New York Post
"Trump's Media Company Soars 50% in Wall Street Debut"
Photo: New York Post
TL;DR Summary

Donald Trump's media company, Trump Media & Technology Group, saw its stock surge over 50% on its first day of trading on the Nasdaq, with the ticker name DJT. Trump's majority stake in the company raised his value to around $5.9 billion, earning him a spot on the Bloomberg Billionaires Index. The surge in stock price was fueled by news of a reduced bond in his civil fraud case, allowing him to avoid immediate financial ruin. However, lock-up restrictions prevent him from accessing the wealth for six months. The company's debut comes after a merger with Digital World Acquisition Corp, and Trump has pledged to post the reduced bond to prevent the state from seizing his assets while he appeals the civil case.

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