Trump Media’s Stock Price Soars on His Presidential Win, Boosting Value of Trump’s Stake to Over $5 Billion
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variety.comTodd Spangler NY Digital Editor Donald Trump has retaken the White House — and excited investors are eagerly buying shares in his social-media company, driving up his wealth by hundreds of millions of dollars.
The former reality TV host and real estate mogul’s presidential victory turbocharged the share price of Trump Media & Technology Group on Wednesday morning.
Shares of Trump Media & Technology Group, which operates the money-losing Truth Social social media network, shot up more than 35% in premarket trading Wednesday to over $46 per share.
That gives the company, whose shares trade under the “DJT” symbol on Nasdaq, a current market capitalization of around $9.3 billion.
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