Trump Media & Technology Group, whose flagship item is social networking website Truth Social, will start trading on the Nasdaq stock market on Tuesday
NEW YORK — Trump Media & Technology Group, whose flagship item is social networking website Truth Social, will start trading on the Nasdaq stock market on Tuesday.
Shareholders of Digital World Acquisition Corp., a openly traded shell business, authorized a offer to combine with the Trump’s media organization in a Friday vote.
Shares of Digital World haveactually been unstable. On Friday the stock plunged 13.7% after the merger was authorized. On Monday, it skyrocketed 35.2% to $49.95.
Former President Donald Trump is set to own most of the integrated business — or almost 79 million shares, with a worth of almost $4 billion.
Trump won’t be able to money out his stake in the Palm Beach, Florida-based business instantly, unless the business’s board makes alters to a “lock-up” arrangement that avoids business experts from selling recently released shares for 6 months.
The previous president was in New York Monday participatingin a hearing on his criminal hush cash case. Elsewhere, a New York appeals court minimized to $175 million what he needto post in money or a bond while attractive a $454 million civil scams judgment.
Truth Social released in February 2022, one year after Trump was prohibited from significant social platforms consistingof Facebook and X, previously Twitter, fol