Trump social media company defies expectations in stock market debut ...Middle East

The Hill - Technology
Trump social media company defies expectations in stock market debut
source : The Hill ( Middle East ) () 129
The parent company of former President Trump’s Truth Social platform defied expectations in its first week on the stock market. Trump Media & Technology Group stock closed at roughly $62 per share Thursday after a whipsaw week of trading. Shares of Digital World Acquistion Corp. (DWAC), the "blank check" company that Trump Media merged with last week, closed at $49.99 per share the day before the newly combined firm's stock market debut. Shares of Trump Media rose as high as $79.38 in their first week on the market before settling near $62 Thursday, the last day of trading before Easter. The company's market capitilization was roughly $8.4 billion as of Thursday, according to CNBC d

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