look news india
New York: On the first day of trading on Nasdaq, there was a 50 percent jump in the share price of former US President Donald Trump's social media company. Following the surge, the value of Trump's vast holdings has soared and small investors have benefited from investing in the company's shares to show support for the former US president.
Trump Media and Technology Group Corporation, the social media company of former US President Donald Trump, got listed on the US stock market NASDAQ today.
It is noteworthy that on Monday, a company named Digital World Acquisition Corp acquired Trump's Media and Technology Group Corp.
It is noteworthy that Trump's social media company Truth runs the social media platform. Before the start of trading, the market value of Trump's company was estimated at $6.8 billion.
However, if the surge seen in the company's share price in the first hour of trading is sustained, the company's market value will see a sharp rise.
At 9.55 am, Trump's stake in this company was 60 percent and the company's share price increased by 47 percent to $ 73.50.