Trump's Truth Social Goes Public, Boosting His Net Worth by Billions Though Unable to Sell Yet
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Trump's new social media company, Truth Social, started publicly trading under the ticker DJT on Tuesday, instantly boosting his net worth by billions on paper.
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Truth Social is owned by Trump Media & Technology Group (TMTG), which merged with Digital World Acquisition Corp to go public at a $6.8 billion valuation.
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Trump owns 79 million of the 135 million TMTG shares, meaning his stake was worth $4 billion after going public. But he can't sell for 6 months.
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Truth Social launched after Trump was banned from major platforms over the Jan. 6 Capitol attack. Its merger with a SPAC allowed it to go public faster.
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Trading under Trump's initials as DJT may help the stock thanks to research showing stocks with clever tickers can outperform.