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Trump Social Media Stock Soars on First Day of Trading

Former President Donald Trump joins Bloomberg’s Billionaires Index.
Trump Social Media Stock Soars on First Day of Trading
An image of former President Donald Trump next to a phone screen that is displaying the Truth Social app in Washington, on Feb. 21, 2022. Stefani Reynolds/AFP via Getty Images
Andrew Moran
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Former President Donald Trump’s social media company got off to a hot start on its first day of trading, showcasing a buying frenzy to scoop up shares.

Trump Media & Technology Group shares, trading as DJT on the Nasdaq Composite Index, surged as much as 52 percent in the opening minutes of the March 26 trading session, with millions of shares trading hands.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."