Finance

Trump Media Set to Trade on Nasdaq This Tuesday Under DJT Ticker

Mar 25, 2024 1 min read

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Trump Media & Technology Group (TMTG), associated with former President Donald Trump, is set to commence trading on the Nasdaq stock market on Tuesday. This follows the approval of a merger between TMTG and Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC), which was backed by shareholder votes. With this merger, TMTG's flagship social networking platform, Truth Social, gains a public trading presence.

Upon the initiation of trading, the common stock of TMTG will be listed under the ticker symbol "DJT." As a result of the merger, Donald Trump is anticipated to own a substantial portion of the combined entity, holding nearly 79 million shares. The valuation of these shares could potentially place the former president's stake at close to $3 billion. The merger represents a significant move for Trump's media business as it seeks to expand its footprint in the technology and social media landscape.

#politics #markets #social-media #media #business

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