{"id":2206062,"date":"2024-03-25T20:27:02","date_gmt":"2024-03-26T00:27:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-media-company-to-go-public-be-traded-under-djt-on-stock-market\/"},"modified":"2024-03-25T20:29:36","modified_gmt":"2024-03-26T00:29:36","slug":"trumps-media-company-to-go-public-be-traded-under-djt-on-stock-market","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-media-company-to-go-public-be-traded-under-djt-on-stock-market\/","title":{"rendered":"Trump&#8217;s media company will become publicly traded under the symbol &#8216;DJT&#8217; on the stock market"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrumps-media-company-to-go-public-be-traded-under-djt-on-stock-market%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2206062&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Members\u2062 of the public can now \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gamestop-shares-jump-9-investment-firm-closes-main-fund-after-heavy-losses\/\" title=\"GameStop Shares Jump 9%, Investment Firm Closes Main Fund After Heavy Losses\">purchase shares<\/a> of\u2064 Donald Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ga-gop-sen-david-perdue-in-runoff-battle-with-democrat-jon-ossoff\/\" title=\"Ga. GOP Sen. David Perdue in runoff battle with Democrat Jon Ossoff\">media company<\/a>, traded under the name &#8220;DJT.&#8221; This move follows a merger between Digital World Acquisition (DWAC) and the Trump\u200c Media &#038; Technology \u200dGroup. The merger significantly\u2063 increases Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">net worth<\/a>, placing him on Bloomberg&#8217;s Billionaires\u200c Index. DWAC shares surged by 186% this \u200byear, nearing $50, \u2063before trading as &#8220;DJT&#8221; on the Nasdaq.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><span style=\"font-weight: 400\">Members of the public will be able to start purchasing shares of <a href=\"https:\/\/www.dailywire.com\/topic\/donald-trump\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a>\u2019s media company under the name \u201cDJT\u201d on Tuesday, giving the former president a major financial boost as he faces a slew of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-exclusive-accurate-list-of-2020-election-fraud-cases-shows-81-cases-total-30-still-active-and-not-one-single-court-has-allowed-evidence-to-be-argued\/\" title=\"BREAKING EXCLUSIVE: Accurate List of 2020 Election Fraud Cases Shows 81 Cases Total, 30 Still Active \u2013 And NOT ONE SINGLE COURT Has Allowed Evidence to be Argued\">court cases<\/a> and continues his 2024 White House campaign.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The move comes after a merger was finalized between Digital World Acquisition (DWAC) and the Trump Media &#038; Technology Group, the parent company of Truth Social. The merger <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-25\/donald-trump-6-4-billion-net-worth-makes-him-one-of-world-s-richest-people\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">reportedly<\/span><\/a><span style=\"font-weight: 400\"> increases Trump\u2019s net worth by over $4 billion and land him on Bloomberg Billionaires Index for the 500 wealthiest people in the world.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shares of DWAC <\/span><a href=\"https:\/\/www.google.com\/search?q=DWAC+shares&#038;client=safari&#038;sca_esv=f25fd1d09a6b1709&#038;channel=mac_bm&#038;source=hp&#038;ei=KuwBZt36BN_HkPIPi_qlsA8&#038;iflsig=ANes7DEAAAAAZgH6OmdX7SkH9nsbxTglaxjmltJlNurP&#038;ved=0ahUKEwjdt9SurZCFAxXfI0QIHQt9CfYQ4dUDCBY&#038;uact=5&#038;oq=DWAC+shares&#038;gs_lp=Egdnd3Mtd2l6IgtEV0FDIHNoYXJlczILEAAYgAQYsQMYgwEyBRAAGIAEMgYQABgWGB4yCxAAGIAEGIoFGIYDMgsQABiABBiKBRiGA0jsAVAAWABwAHgAkAEAmAHSAaAB0gGqAQMyLTG4AQPIAQD4AQL4AQGYAgGgAtsBmAMAkgcDMi0xoAfcAw&#038;sclient=gws-wiz\"><span style=\"font-weight: 400\">were<\/span><\/a><span style=\"font-weight: 400\"> just under $50 by late Monday afternoon, up about 186% since the start of the year. On Tuesday, the company will be traded under \u201cDJT\u201d on the Nasdaq stock exchange after merging with Trump Media. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-25\/donald-trump-6-4-billion-net-worth-makes-him-one-of-world-s-richest-people\" target=\"_blank\" rel=\"noopener\">noted<\/a> Trump controls about 58% of Trump Media shares and now has a<\/span><span style=\"font-weight: 400\"> total net worth reach about $6.4 billion. But CNBC <a href=\"https:\/\/www.cnbc.com\/2024\/03\/25\/truth-social-owner-trump-media-will-begin-trading-under-djt-ticker-tuesday.html\" target=\"_blank\" rel=\"noopener\">reported<\/a> that the former president will have to sit on his shares for at least six months due to trading rules.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The rapid rise of DWAC shares has been in part attributed to Trump supporters who bought into the company in part to back the former president amid his 2024 campaign and legal battles. The media company is valued <a href=\"https:\/\/www.nytimes.com\/2024\/03\/25\/business\/trump-media-trading-tuesday.html\" target=\"_blank\" rel=\"noopener\">much higher<\/a> than the $3.3 million revenue that was reported for Truth Social from January to September 2023.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The merger was finalized on Monday after months of negotiations with DWAC CEO Eric Swider to join Trump Media as director.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p><span style=\"font-weight: 400\">\u201cAs a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors,\u201d Trump Media CEO Devin Nunes said in a statement. \u201cWe will continue to fulfill our commitment to Americans to serve as a safe harbor for free expression and to stand up to the ever-growing army of speech suppressors.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Members of the board of Trump media include Nunes, the former president\u2019s son Donald Trump Jr., and former Trump administration officials including Kash Patel, Robert Lighthizer, and Linda McMahon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sidney-powell-reveals-shes-been-building-a-massive-rico-case-against-dominion-smartmatic\/\" title=\"Sidney Powell Reveals She\u2019s Been Building a Massive RICO Case Against Dominion, Smartmatic\">business news<\/a> comes as a New York appeals court ruled on Monday that Trump can have <a href=\"https:\/\/www.dailywire.com\/news\/trump-scores-legal-win-as-new-york-appeals-court-allows-him-to-post-lower-bond-in-civil-fraud-judgment\" target=\"_blank\" rel=\"noopener\">an extra 10 days<\/a> to post a reduced $175 million bond as he challenges a $464 million civil fraud judgment against him, his sons, and his company.<\/span><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting on Tuesday, the public can buy shares of Donald Trump&#8217;s media company, trading as &#8220;DJT.&#8221; This presents a significant financial opportunity for the former president amid legal challenges and his 2024 White House bid. This development follows a merger completion with Digital<\/p>\n","protected":false},"author":200,"featured_media":2206063,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-1636786609.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2206062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-1636786609.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2206062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2206062"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2206062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2206063"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2206062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2206062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2206062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}