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

The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Trump’s Truth Social looks set to hit Wall Street in a move that could give him stock worth billions of dollars on paper. But the former president likely can’t cash it out right away, unless some things change. (AP Photo/John Minchillo)
The download screen for Truth Social app is seen on a laptop computer, Wednesday, March 20, 2024, in New York. Shareholders vote Friday on a deal to merge Trump Media & Technology Group, which runs Truth Social, and Digital World Acquisition Corp. — a special-purpose acquisition company, or SPAC., also referred to as a blank check company. (AP Photo/John Minchillo)

PUBLISHED: March 25, 2024 at 12:16 p.m. | UPDATED: March 26, 2024 at 11:52 p.m.

Trump Media & Technology Group, 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.” The former president will have a 60% stake in the company worth nearly $4 billion.