4.1 • 4.2K Ratings
🗓️ 26 March 2024
⏱️ 14 minutes
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0:00.0 | All right. We have a lot going on now. I got to say I've been friends with |
0:05.1 | Devon Nunez for a long time and when he kind of left Congress I'm like, oh, we |
0:11.2 | don't have many good guys. We really don't. Really strong principal |
0:15.4 | conservative fighters that that lead. Anyway, so B leaves and anyways the |
0:21.8 | CEO now of truth social and the Trump media and technology |
0:27.2 | group now listed on Wall Street as DJT and it's actually a phenomenal story but after making its debut shares for the |
0:37.8 | Trump Media and technology group stock DJT it spiked a whopping 50 plus percent. |
0:43.8 | Trading was briefly halted for the stock |
0:46.7 | because of the sharp rise. |
0:48.6 | You've got more than 6.5 million shares |
0:51.0 | of the stock that were bought and sold by 10 a.m. |
0:55.1 | Anyway a report from Reuters found that the company is now worth about 10 billion dollars |
1:01.0 | after the surge on Nasdaq, |
1:04.1 | that means billions in Donald Trump's pocket as well. |
1:07.6 | But anyway, at $72.63, |
1:11.5 | with the last time I looked, the company's market capitalization was $9.84 billion on an undeluded |
1:17.8 | basis, but the former president's majority stake was valued at 5.72 billion although lockup restrictions |
1:26.3 | exist for six months it could prevent him from selling or borrowing against |
1:30.3 | his shareholding but you know still up a dramatic amount of money I'm not the biggest |
1:37.4 | stock I have I've said this many times on on radio and TV before I'm a bricks and mortar guy but I kind of wish I got that stuck anyway |
1:47.0 | probably somebody that did his part of his deal is former congressman and now the CEO of |
1:52.0 | truth social and the Trump Media and Technology group. |
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