Shares of Trump Media & Technology Group gained another 4.1% in morning trading Thursday after surged 14.2% on Wednesday, extending gains from their stellar Nasdaq debut to the third day, fueled by retail investors including supporters of former President Donald Trump.
Shares of Trump-controlled TMTG, which owns his Truth Social social network, have climbed over 30% since they began trading on Wall Street on Tuesday through a merger with a blank-check company already listed on the Nasdaq.
Truth Social has about 8.9 million sign-ups. Unlike other social media platforms, it has not publicized how many active users it has.
Blank-check company Digital World Acquisition Corp and the newly listed TMTG have surged over 600% since their merger was announced in 2021, cementing TMTG's status as one of Wall Street's so-called meme stocks.