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For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. It’s off to a strong start.
The explosive surge of Donald Trump’s media company in its public trading debut Tuesday bears all the hallmarks of a meme stock rally – and experts told the Post that the sky-high stock price will be hard to maintain given the actual state of its business.
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, now takes Digital World’s place on the Nasdaq stock exchange.
Shares of Donald Trump’s social media company rose about 16% in the first day of trading, boosting the value of Trump’s large stake in the company as well as the
Shares of Donald Trump's social media company rose about 16% in the first day of trading on the Nasdaq.