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

FILE – The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday, March 26, 2024. The common stock of Trump Media & Technology Group will trade under the ticker symbol DJT. (AP Photo/John Minchillo, File) (John Minchillo, Copyright 2024 The Associated Press. All rights reserved.)

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.

In midday trading, shares of Digital World soared nearly 22% to $45.10.

Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by …