Shares of Trump Media & Technology Group surge before the market opens, according to Investing.com

Trump Media & Technology Group (DJT) Surges 32% on Market Debut, Fueled by Success of Truth Social and Loyalty to Trump

Trump Media & Technology Group (DJT) shares surged more than 16% on their market debut and are currently up an additional 16% premarket. The company, which includes Trump’s social media platform Truth Social, saw a significant increase in value following its merger with Digital World Acquisition Corp. DJT closed Tuesday’s session at $57.99 per share after completing the merger on Monday.

Trump’s decision to launch Truth Social came after being banned from mainstream platforms like Facebook and Twitter. Despite being reinstated on these platforms, Trump has remained loyal to Truth Social, which has contributed to the rapid rise in DJT’s stock value. As the majority shareholder in DJT, Trump holds approximately 78 million shares in the company.

The success of Truth Social and positive response from investors have helped boost confidence in DJT’s future growth and potential for further success in the market. Following the completion of the merger on Monday, DJT saw a rapid increase in value, with the stock trading above $67 per share ahead of Wednesday’s opening.

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