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Stock impact report

Now that Trump's Truth Social has hit the stock market, a look at the DJT stock price [Yahoo! Finance]

Digital World Acquisition Corp. - Units (DWACU) 
Company Research Source: Yahoo! Finance
The parent company of Truth Social, Trump Media & Technology Group, went public Tuesday morning under the ticker DJT , short for Donald J. Trump. The stock price was trading at $70.74 as of 9:38 a.m. ET, up 41.6%. The public listing was made possible by Trump Media's merger with Digital World Acquisition, a special purpose acquisition company, or SPAC. Digital World's shareholders voted in favor of the merger Friday, and Trump Media took Digital World's place on the Nasdaq on Tuesday. What is Digital World Aquisition? Digital World is a SPAC, also known as a blank check company. These publicly traded shell companies exist to acquire or merge with private companies and take them public. Truth Social's merger with Digital World was first announced in 2021, when the number of companies going public via SPACs surged. This is a developing story. This article originally appeared on USA TODAY: What is the Truth Social stock price? Here's how much 'DJT' is worth Show less Read more
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