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Trump's Truth Social platform soars in first day of trading on Nasdaq

Trump's SPAC merger with DWAC is the highest profile ever, driven by his notoriety.
Shareholders hope for growth with Truth Social app to turn a profit, possibly boosted by Trump's potential presidency.
The success of the Trump Media deal hinges on the app's market expansion and Trump's political future.

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Pharos-Tribune

Stock market today: Wall Street bounces back after a 3-day losing streak

U.S. stocks are rising following a three-day lull. The S&P 500 was up 0.6% Wednesday. It’s on track for its first gain since setting an all-time high last week. The Dow Jones Industrial Average was up 307 points, and the…

1 year ago

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The Guardian

How can Donald Trump’s lossmaking Truth Social be worth $8bn?

The rightwing social network’s flotation, supported by fans of the ex-president, make it a part of the ‘meme stock’ phenomenon• Business live – latest updatesDonald Trump’s social network went public on Tuesday and almost immediately hit a valuation of almost $8bn (£6.3bn). The valuation fell back to a more modest $6.58bn by the time markets closed in New York, but that still represented a gain of more than 15% on its initial public offering (IP…

1 year ago·London, United Kingdom

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Enid News & Eagle

Stock market today: Wall Street opens higher following a 3-day lull

U.S. stocks are rising following a three-day lull. The S&P 500 was 0.6% higher early Wednesday. It’s on track for its first gain since setting an all-time high last week. The Dow Jones Industrial Average was up 257 points, and…

1 year ago

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Euronews

Trump set to cash in as shares in his media platform Truth Social soar

Former US President Donald Trump looks set to cash in on significant windfall revenue as shares in his social platform soar on the stock market.

1 year ago·France

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Bloomberg

Wall Street Bets On A Trump Dollar Rally Ignore 40 Years Of Data

(Bloomberg) -- Wall Street bets that a second Donald Trump presidency will set off a rally in the dollar run in the face of history, according to a working paper that analyzed almost 40 years of data. Pasquale Della Corte of London’s Imperial College Business School and Hsuan Fu at Quebec’s Universite Laval found there is a statistically significant relationship between exchange-rate returns and US presidential cycles. The study, which hasn’t be…

1 year ago·United States

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WKMG

Stock market today: Wall Street opens higher following a 3-day lull

U.S. stocks are rising following a three-day lull. The S&P; 500 was 0.6% higher early Wednesday. It’s on track for its first gain since setting an all-time high last week. The Dow Jones Industrial Average was up 257 points, and the Nasdaq composite was up 0.3%. Shares of Trump Media & Technology Group continued their wild ride. The owner of the money-losing Truth Social platform founded by former president Donald Trump rose another 18%. Treasury…

1 year ago·Orlando, United States

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