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Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of the former president's large stake in the company in the process.
Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of the former president's large stake in the company in the process.
(CNN) — A New York judge has imposed a gag order on Donald Trump, limiting the former president from making statements about potential witnesses in the criminal trial relating to
Shares of Donald Trump’s social media company rose about 16% in the first day of trading, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group runs the social media platform Truth Social, which has yet to turn a profit. Trump holds a nearly 60% stake in the company, which based on Tuesday's closing stock price is worth about $4.6 billion. Some experts compared the enthusiasm for the shares to the meme stock craze that boosted the value of companies such as GameStop to exorbitant heights.