Shares of Trump Media & Technology Group surge before the market opens, according to Investing.com

Trump Media & Technology Group Surges in Value after Merger with Digital World Acquisition Corp.

On Monday, Trump Media & Technology Group (DJT) completed a merger with Digital World Acquisition Corp. This allowed the company to become publicly traded and its shares surged more than 16% on their market debut. DJT is valued at $57.99 per share as of Tuesday’s session, an additional 16% increase premarket.

Following the completion of the merger, DJT saw a rapid increase in value with its stock trading above $67 per share ahead of Wednesday’s opening. This success is due to Trump’s decision to launch Truth Social, his social media platform, after being banned from mainstream platforms like Facebook and Twitter.

Trump has remained loyal to Truth Social despite being reinstated on these platforms. The majority shareholder in DJT, Trump holds approximately 78 million shares in the company.

The success of Truth Social and positive response from investors have contributed to the rapid rise in DJT’s stock value. Trump’s presence in the company has helped bolster confidence in its future growth and potential for further success in the market.

DJT’s surge in stock value was a significant development for both the company and its founder, Donald Trump. With this newfound success, it will be interesting to see how DJT continues to grow and evolve as a public entity.

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