“There’s a new high-flying stock on Wall Street that some investors are eagerly piling into. Its largest shareholder is former President Donald J. Trump,” the New York Times reports.
“His social media company, Trump Media & Technology Group, began trading on the Nasdaq on Tuesday, under the ticker DJT, and immediately surged in value, gaining 40% in early trading.
”Wall Street Journal: “Its shares soared after the opening bell, giving it a market value of roughly $9.5 billion. The gobsmacking stock price makes Trump’s approximately 60% stake worth approximately $5.5 billion. Those values will continue swinging with the stock price.”