Shares of former President Trump’s social media startup rose nearly 50 percent after debuting on the stock market Tuesday, triggering a pause on trading.
Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, went public Tuesday morning after a yearslong effort to merge with a special purpose acquisition company (SPAC). Shares of the company were up 46 percent shortly before 10:30 a.m. EDT Tuedsday, rising to roughly $72 from an opening price of $49.95 after trading was briefly halted.
Shareholders in the SPAC, Digital World Acquisition Corp….
