Mar 26, 2024 - Economy

Charted: DJT's roller coaster debut

Data: YCharts; Chart: Axios Visuals
Data: YCharts; Chart: Axios Visuals

Shares in Donald Trump's social media business surged, then settled in its first official day of trading.

Zoom in: Shares traded on the Nasdaq for the first time today under ticker symbol "DJT" after the company's successful merger with a blank-check company called DWAC on Monday, Axios' Dan Primack writes.

By the numbers: The stock surged almost 60% today before closing up 16% at $57.99.

Look ahead: Trump Media and Technology Group will need to file an 8-K by the end of this week, which should include full-year 2023 financials.

  • So far it has only released results through the first nine months of 2023, which showed around a $49 million net loss on $3.4 million in revenue.

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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