Trump Media stock soars 59% after Truth Social parent adopts 'DJT' ticker symbol [Yahoo! Finance]
Digital World Acquisition Corp. - Units (DWACU)
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Source: Yahoo! Finance
The Truth Social parent began trading under the "DJT" ticker symbol on Tuesday. Former President Donald Trump owns about 58% of the social media company, a stake that is now worth billions. Trump Media and Technology Group soared as much as 59% on Tuesday after it officially went public via a SPAC merger and adopted the ticker symbol "DJT." The stock-price surge is a boon to former President Donald Trump's net worth, as he owns about a 58% stake in the company that according to Bloomberg is worth more than $4 billion. Trump now has a total net worth of about $6.5 billion, though the bulk of that wealth is on paper as Trump is unable to sell his shares in Truth Social until a six-month lock-up period expires . Still, there's a possibility that he gets a waiver from the company's board , which consists of close allies like his son Donald Trump Jr. and former Rep. Devin Nunes Trump Media and Technology Group now trades on the Nasdaq exchange. Former Congressman Devin Nunes is
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