SOCIAL MEDIA/STOCK MARKET/TRUMP BUSINESS: “Buoyed by legions of avid supporters, Donald Trump made a bubbly debut on the Nasdaq stock exchange Tuesday.
Shares of Trump Media & Technology Group soared like helium from the opening bell and maintained most of those gains until late in the trading day when a selloff brought Trump’s namesake social media company closer to earth with a closing market value of nearly $8 billion, on par with ride-hailing company Lyft and online marketplace Etsy.
It was also an epic trading day for Trump, the presumptive GOP presidential nominee and Trump Media’s largest shareholder. Shares rose as high as $79.38 before flagging at the end of trade to close at $57.99, close to their low of the day.”
-Bailey Schulz and Jessica Guynn, “DJT had a good first day: Trump’s Truth Social media stock price saw rapid rise,” usatoday.com, March 26, 2024