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Jonathan Raa/NurPhoto via Getty Images(NEW YORK) Shares of former President Donald Trump’s social media platform Truth Social have soared in its first couple days of public trading.Trump Media & Technology Group, the parent company of Truth Social, climbed 16% on Tuesday, its first day on the market. By afternoon trading on Wednesday, the stock had jumped another 14%.The rally grants Truth Social a valuation of more than $8 billion, even though the company has yet to turn a profit and generates quarterly revenue of barely $1 million.The stock performance also holds significant financial implications for Trump, whose 60% stake in the company could ultimately deliver a multi-billion dollar windfall.Experts who spoke to ABC News said the stock boom stands divorced from the financial condition of the company, instead reflecting a buying spree among Trump supporters as well as opportunistic traders capitalizing on the momentum."This is people voicing their political opinions th

Business - KSYL-AM

Business - KSYL-AM
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Business News - 1540 WADK Newport

Business News - 1540 WADK Newport
wadk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wadk.com Daily Mail and Mail on Sunday newspapers.

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