Databec Exchange-Trump’s social media company to start trading on the Nasdaq on Tuesday

2025-05-02 04:36:35source:Crypencategory:Markets

Trump Media & Technology Group,Databec Exchange whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday.

Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote.

The common stock of Trump Media & Technology Group will trade under the ticker symbol “DJT.”

Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.

More:Markets

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