BUZZ-Trump Media & Technology surges ahead of debut after SPAC merger

Reuters03-26

** Trump Media & Technology Group's (TMTG) shares up 20% at $59.63 premarket, ahead of debut after merger with blank check firm Digital World Acquisition on Monday

** Warrants of TMTG to begin trading with ticker "DJTWW"

** TMTG owns social media platform Truth Social and is backed by former U.S. president Donald Trump

** Trump to own between 58.1% and 69.4% of TMTG, valued at about $3.3 bln - a lifeline as he grapples with financial fallout from numerous legal cases against him

** In February, Digital World said Trump may divest his stake in Truth Social and cease involvement with management based on how his bid for president progresses

** Shares of software developer Phunware , which was hired by Trump's 2020 presidential re-election campaign to build a phone app, up 2.9% at $10.31

** Video-sharing platform Rumble , popular with conservatives, adds 2% at $7.5 in choppy early trading

** Up to last close, DWAC had nearly tripped in value YTD, as Trump tightens his grip on the Republican nomination for president

(Reporting by Johann M Cherian in Bengaluru)

((johann.mcherian@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2422514664?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-26 18:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2422514664","market":"us","top_or_hot":-1,"title":"BUZZ-Trump Media & Technology surges ahead of debut after SPAC merger","media":"Reuters","content":"<html><body><p>** Trump Media &amp; Technology Group's (TMTG) shares    up 20% at $59.63 premarket, ahead of debut after merger with blank check firm Digital World Acquisition    on Monday</p><p>   ** Warrants of TMTG to begin trading with ticker \"DJTWW\"</p><p>   ** TMTG owns social media platform Truth Social and is backed by former U.S. president Donald Trump</p><p>   ** Trump to own between 58.1% and 69.4% of TMTG, valued at about $3.3 bln - a lifeline as he grapples with financial fallout from numerous legal cases against him</p><p>   ** In February, Digital World said Trump may divest his stake in Truth Social and cease involvement with management based on how his bid for president progresses</p><p>   ** Shares of software developer Phunware   , which was hired by Trump's 2020 presidential re-election campaign to build a phone app, up 2.9% at $10.31</p><p>   ** Video-sharing platform Rumble   , popular with conservatives, adds 2% at $7.5 in choppy early trading    </p><p>   ** Up to last close, DWAC had nearly tripped in value YTD, as Trump tightens his grip on the Republican nomination for president</p><p> (Reporting by Johann M Cherian in Bengaluru)</p><p>((johann.mcherian@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Trump Media & Technology surges ahead of debut after SPAC merger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Trump Media & Technology surges ahead of debut after SPAC merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-26 18:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Trump Media & Technology Group's (TMTG) shares    up 20% at $59.63 premarket, ahead of debut after merger with blank check firm Digital World Acquisition    on Monday   ** Warrants of TMTG to begin...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUM","symbol_name":"Rumble Inc.","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2422514664","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422514664","pubTimestamp":1711447721,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Trump Media & Technology Group's  shares    up 20% at $59.63 premarket, ahead of debut after merger with blank check firm Digital World Acquisition    on Monday   ** Warrants of TMTG to begin trading with ticker \"DJTWW\"   ** TMTG owns social media platform Truth Social and is backed by former U.S. president Donald Trump   ** Trump to own between 58.1% and 69.4% of TMTG, valued at about $3.3 bln - a lifeline as he grapples with financial fallout from numerous legal cases against him   ** In February, Digital World said Trump may divest his stake in Truth Social and cease involvement with management based on how his bid for president progresses   ** Shares of software developer Phunware   , which was hired by Trump's 2020 presidential re-election campaign to build a phone app, up 2.9% at $10.31   ** Video-sharing platform Rumble   , popular with conservatives, adds 2% at $7.5 in choppy early trading       ** Up to last close, DWAC had nearly tripped in value YTD, as Trump tightens his","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RUM":"Rumble Inc.","BK4588":"碎股","BK4585":"ETF&股票定投概念","BUZZ":"VanEck Social Sentiment ETF","BK4077":"互动媒体与服务","BK4023":"应用软件","BK4516":"特朗普概念","PHUN":"Phunware, Inc."},"translate_title":"BUZZ-Trump Media&Technology在特殊目的收购公司合并后首次亮相前飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUZZ":1,"DWAC":0.9,"PHUN":0.9,"RUM":0.9},"content_text":"** Trump Media & Technology Group's (TMTG) shares    up 20% at $59.63 premarket, ahead of debut after merger with blank check firm Digital World Acquisition    on Monday   ** Warrants of TMTG to begin trading with ticker \"DJTWW\"   ** TMTG owns social media platform Truth Social and is backed by former U.S. president Donald Trump   ** Trump to own between 58.1% and 69.4% of TMTG, valued at about $3.3 bln - a lifeline as he grapples with financial fallout from numerous legal cases against him   ** In February, Digital World said Trump may divest his stake in Truth Social and cease involvement with management based on how his bid for president progresses   ** Shares of software developer Phunware   , which was hired by Trump's 2020 presidential re-election campaign to build a phone app, up 2.9% at $10.31   ** Video-sharing platform Rumble   , popular with conservatives, adds 2% at $7.5 in choppy early trading       ** Up to last close, DWAC had nearly tripped in value YTD, as Trump tightens his grip on the Republican nomination for president (Reporting by Johann M Cherian in Bengaluru)((johann.mcherian@thomsonreuters.com;))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422514664"}