Posted 3/26/2024, 7:02:13 AM
Trump's Social Media Venture Begins Public Trading, Draws Small Investors Despite Risks
- Trump Media & Technology Group Corp begins publicly trading with a stock price near $50 and market value of $6.8 billion
- Many early investors were small-time backers rather than institutional investors
- Truth Social launched in 2022 after Trump banned from other platforms, but user numbers still low
- Company acknowledges risks tied to Trump's popularity and ongoing legal issues
- Stock has seen volatile trading swings recently amid merger news