Trump's social media increased by almost 50% on first day of trading on Nasdaq

Shares were up 47%, to $73.50, as of 9:55 a.m. ET.

Shares of Donald Trump’s social media company increased by about 47% Tuesday morning, the first day of trading on the Nasdaq.

The jump after trading began boosting the value of Trump’s large holdings in the company and the smaller holdings of those who purchased shares as a show of support for the former president and now the 2024 GOP presumptive presidential nominee.

Trump Media & Technology Group Corp. was acquired Monday by a Digital World Acquisition Corp.

Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange, according to the Associated Press.

Before the open bell on the exchange, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “

Shares were up 47%, to $73.50, as of 9:55 a.m. ET.