Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority owned by Donald Trump ricocheted in early trading.
Nearly 16 million Trump Media shares changed hands in the first 10 minutes of the trading day.
Just more than a month later, Trump Media shares were trading at more than four times that price.
That merger, which took Trump Media public, was completed in late March.
Despite losing hundreds of millions of dollars on scant revenue in recent fiscal quarters, Trump Media boasts a market capitalization above $10 billion.
Persons:
Donald Trump ricocheted, Trump’s, Kamala Harris, Harris, Critics
Organizations:
Trump Media, Nasdaq, DWAC, Republican, Trump, Forbes, Democratic, Madison
Locations:
New York City