Trading in former President Trump's Trump Media & Technology Group, the parent of Truth Social, began on the Nasdaq Tuesday morning after last week's merger vote.
Donald Trump's Truth Social has completed a merger that could net him over $3 billion -- but a provision in the deal keeps him from immediately selling his shares.
Trump Media and Technology Group, the company that handles the former president's Truth Social platform, went public this month, after a long-sought merger that creates billions in market cap. But already, the newly created stock is proving to be volatile.According to USA TODAY, "Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the...
The Reddit and Astera Labs IPOs last week ate up a lot of media oxygen. And with good reason, the two tech IPOs priced well and traded with even more gusto. After a long dearth for technology offerings, seeing two large, multibillion-dollar offerings in the same week was part of a much-needed win for private-market […] © 2024 TechCrunch. All rights reserved. For personal use only.
Shareholders of the shell company that plans to acquire Donald Trump’s Truth Social have approved the takeover of the social media firm, which could mean a multi-billion dollar windfall for the former president as he tries to return to the White House. Digital World Acquisition Corp (DWAC) is what’s known as a special purpose acquisition company, or SPAC. Since going public in 2021, its special purpose has remained the eventual acquisition of Truth Social, which got its start after Trump got...
Donald Trump’s return to the stock market could be right around the corner.
The unexpected bonanza drew immediate comparisons to the infamous “Reddit rally,” where retail investors bought stock in struggling firms like GameStop and AMC to squeeze short-sellers.
Here are some things to know about Trump's social media platform and where it fits into the broader social media landscape.
Here are some things to know about Trump's social media platform and where it fits into the broader social media landscape.
Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the platform formerly known as Twitter following the Jan. 6 attack on the U.S. Capitol.
Trump Media and Technology Group surged in its trading debut, substantially
The deal's greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly