Trump Media Shares Soar 16% in Market Debut, Though Experts Warning of Risks Ahead

Shares of Trump's social media company, Trump Media & Technology Group, rose 16% on first day of trading, boosting the value of Trump's large stake to $4.6 billion.

The company merged with a blank-check firm to go public, now trades on Nasdaq under the ticker symbol DWAC.

Truth Social launched in February 2022 as an alternative social platform after Trump banned from sites like Facebook and Twitter post-Capitol riots.

Despite enthusiasm from investors, the company lost $49 million in first 9 months of 2022 and experts warn shares could eventually fall 95%.

Risks include uncertain path to profitability, having far fewer users than rivals like TikTok and Facebook, and heavy reliance on Trump's continued involvement.