To: Sdgla who wrote (195381 ) 3/27/2024 7:39:13 AM From: GROUND ZERO™ Respond to of 220890 How much is Donald Trump's stake in Truth Social worth after market debut? President Donald Trump's Truth Social began trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again. Shares of Trump Media & Technology Group soared in early morning trading on the Nasdaq exchange, rising more than $25, or roughly 50%, to $75.21 per share, before giving up some of the gains in the afternoon. The stock closed at $57.99 per share, or a gain of 16%. Trump Media & Technology Group ended the day with a market value of $7.8 billion. Trump, who owns 58% of the newly public company, now has a stake valued at $4.6 billion — at least on paper. The company, whose main asset is the social media service Truth Social, has captured the attention of both critics and supporters, with some investors buying stock to express their support for the former president. Others are retail investors who want to cash in on the mania, rather than big institutional and professional investors. "DJT has all the makings of a meme stock, given the Trump news factor," noted Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, in a Tuesday research note. "For global macro investors, DJT will be a proxy for how markets price Trump 2.0 policies." On Truth Social Tuesday, users were posting about being shareholders or seeking tips on how to buy shares. One user urged conservatives to "get behind the DJT stock and sent it over $100 per share" to "drive the liberals insane!" Another declared: "Get yourself a piece of #DJT stock if your a true MAGA supporter." On Monday, Trump told reporters that "Truth Social is doing very well. It's hot as a pistol and doing great." On Tuesday, he posted "I LOVE TRUTH SOCIAL, I LOVE THE TRUTH!," on the platform. A day earlier, Trump Media CEO Devin Nunes, a former Republican congressman, said that going public will allow the company "to build a movement to reclaim the Internet from Big Tech censors."finance.yahoo.com GZ