Shares in Donald Trump’s social media business jumped in their New York market debut on Tuesday, making the former US president’s stake worth $4.6bn.
Trump Media & Technology Group, the company behind his Truth Social platform, rose as high as $79.38 a share from the previous day’s price of $49.95, before closing up 16 per cent at $57.99. Trading was so volatile that it was halted for several minutes.
TMTG is now listed on the Nasdaq stock exchange under the ticker symbol DJT — Trump’s initials — after completing its merger with blank-cheque company Digital World Acquisition Corp on Monday.
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