{"id":5802,"date":"2024-03-28T01:01:14","date_gmt":"2024-03-27T23:01:14","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=5802"},"modified":"2024-03-28T01:01:14","modified_gmt":"2024-03-27T23:01:14","slug":"trump-s-media-company-surges-for-second-day-after-stellar-debut","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=5802","title":{"rendered":"Trump, \u2019s media company surges for second day after stellar debut"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/trump-s-media-company-surges-for-second-day-after-stellar-debut.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Shares of Trump Media &amp; Technology Group\u00a0DJT.O\u00a0surged\u00a017% on Wednesday, extending gains from their\u00a0stellar Nasdaq debut\u00a0to the second\u00a0day, fueled by retail investors including supporters of former President Donald Trump.<\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-166856968\">\n<div id=\"cypru-246334775\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-1304544466515-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>Shares of\u00a0Trump-controlled TMTG, which owns his Truth Social social network, have climbed over 30% since they began trading on Wall Street on Tuesday through a merger with a blank-check company already listed on the Nasdaq.<br \/>\nWith the stock last at $67.69, TMTG had a market capitalization of $9.1 billion, lifting the value of Trump\u2019s stake to over $5 billion.<br \/>\n\u201cThere is likely to be significant volatility ahead as a share buying frenzy among his supporters may wane, and investors dig deeper into the fundamentals,\u201d said Susannah Streeter, head of money and markets at Hargreaves Lansdown.<br \/>\nTruth Social has\u00a0about 8.9 million\u00a0sign-ups.\u00a0Unlike other social media platforms, it has not publicized how many active users it has.<br \/>\nIn comparison, X had 238 million daily active users as of June 2022, per latest available official data.<br \/>\nReddit\u00a0RDDT.N\u00a0has\u00a073 million\u00a0active users, and its stock market value was about the same as TMTG\u2019s on Wednesday as\u00a0it dipped 10%\u00a0in the fifth day of trading since that social media company\u2019s Wall Street debut last week.<br \/>\nBlank-check company Digital\u00a0World\u00a0AcquisitionCorp and\u00a0the newly listed TMTG have surged over\u00a0600% since their merger was announced in 2021, cementing TMTG\u2019s status as one of Wall Street\u2019s so-called meme stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Trump Media &amp; Technology Group surged 17% on Wednesday, fueled by retail investors including supporters of former President Donald Trump.<\/p>\n","protected":false},"author":3,"featured_media":5803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[325,3,2369,166,250,3330,3404,34,2952,2850,2628,254,3331,2763,2827,3798,817,552,1682,841,3797,3328,1925,255,18],"class_list":["post-5802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-check","tag-cyprus","tag-data","tag-donald-trump","tag-google","tag-google-news","tag-investors","tag-markets","tag-media","tag-merger","tag-money","tag-nasdaq","tag-news","tag-reddit","tag-retail-investors","tag-shares","tag-social-media","tag-stock-market","tag-technology","tag-trump","tag-trump-media-technology-group","tag-truth-social","tag-volatility","tag-wall-street","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump, \u2019s media company surges for second day after stellar debut<\/title>\n<meta name=\"description\" content=\"stock surge. 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