Truth Social parent company shares soar in stock market debut ...Middle East

The Hill - Technology
Truth Social parent company shares soar in stock market debut
source : The Hill ( Middle East ) () 167
Shares of former President Trump's social media startup rose nearly 50 percent after debuting on the stock market Tuesday, triggering a pause on trading. Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, went public Tuesday morning after a yearslong effort to merge with a special purpose acquisition company (SPAC). Shares of the company were up 46 percent shortly before 10:30 a.m. EDT Tuedsday, rising to roughly $72 from an opening price of $49.95 after trading was briefly halted. Shareholders in the SPAC, Digital World Acquisition Corp. (DWAC), approved the merger Friday, teeing up the Truth Social parent’s debut on the stock market and potentiall

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