New York CNN —
Donald Trump didn’t just win the White House. He also grew richer Wednesday.
Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential election.
Trump Media’s stock, which trades under the ticker symbol “DJT,” spiked 35% at the opening bell, translating to an astounding market value of about $9 billion.
Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money.
The
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