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Trump Media stock jumps 57%


//media-entertainment.news-articles.net/content/2025/04/28/trump-media-stock-jumps-57.html
Published in Media and Entertainment on by Newsweek   Print publication without navigation

TMTG shares have risen dramatically in line with the company's recently announced ventures into cryptocurrency and financial services.

The stock of Trump Media & Technology Group, the parent company of Truth Social, surged by 57 percent on its first day of trading on the Nasdaq under the ticker symbol "DJT," reaching a peak of $79.38 per share before closing at $57.99. This significant increase added approximately $1.4 billion to former President Donald Trump's net worth, bringing his total to around $6.5 billion. The company, which went public through a merger with Digital World Acquisition Corp., saw its market capitalization climb to about $7.9 billion. Despite the enthusiastic market response, some financial analysts expressed skepticism about the company's long-term viability, citing its lack of profitability and the challenges faced by Truth Social in attracting a broad user base.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/trump-media-stock-jumps-57-percent-2064923 ]

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