The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company.
Many of those investing in Trump Media are small-time investors either trying to support Trump or aiming to cash in on the mania.
Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bnSocial media platform Reddit’s (RDDT.N) shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.Reddit shares closed 48% above initial offer prices in the company’s trading debut on Thursday, valuing the social media platform at more than $9bn in a closely...
Shares of Donald Trump's social media company surged higher on Tuesday as the company began public trading under the DJT ticker symbol. | Economy
Former President Donald Trump's social media company got off to a quick start in its stock market debut Tuesday. Shares of Trump Media & Technology Group, the parent company of Truth Social, shot up more than 50% in its first minutes of trading. The quick move triggered a trading halt of five minutes, which exchanges use to put a check on volatile stock moves. Shares cooled slightly after trading resumed. The stock was up about 40% on the day as of an hour into trading. Shareholders in shell...
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share in the run-up to its public-market debut, eventually settling on the top-end of that interval. Prices are […] © 2024 TechCrunch. All rights reserved. For personal use only.
Reddit finally launched its long-awaited IPO today on the New York Stock Exchange at $34 a share. It started trading at $47 and ended the trading day with a share price of 50.44 a share
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