Trump Media Surges In First Day Of Trading On Wall Street

Shares of Donald Trump’s social media company rose about 16% in the first day of trading. The winning session boosted the value of Donald Trump’s large stake in the company as well as that of smaller investors, many of whom purchased shares as a show of support for the former president. Trump holds a nearly 60% stake in Trump Media & Technology Group. Based on Tuesday’s closing stock price the company –which runs the social media platform Truth Social-is worth about $4.6 Billion.