The New York Stock Exchange at 11 Wall Street in Lower Manhattan.
© Kirby Lee-USA TODAY Sports
(New York, NY) — Former President Trump’s “Truth Social” platform went public on Tuesday. Wall Street reacted as Truth Social delivered Trump billions of dollars in stock options, which places him on Bloomberg’s list of the 500 richest people in the world. Trump owns nearly 60 percent of the stock in “Truth Social.” Stock analysts say the move has sent his financial worth soaring to nearly four-billion dollars. However, Trump isn’t allowed to sell the stock until at least September.
Shares in former President Trump’s social media company jumped more than 50 percent after it began public trading morning under the ticker symbol DJT on Wall Street. Trading in the Trump Media & Technology Group was briefly halted just before 10 am due to volatility. Its market valuation was about two-and-half billion dollars in early trading on the Nasdaq. Trump’s net worth has reportedly soared to six-point-five-billion after the stocked jumped.
