Truth Social Parent Company’s Stock Price Surges in Nasdaq Debut, Giving Trump Financial Boost
The surge could give President Trump — who is facing hefty legal fines — a much-needed financial boost, though it’s not yet clear when he will be able to cash in.
Shares in Truth Social’s parent company — which began trading on the Nasdaq for the first time on Tuesday — quickly soared by nearly 50 percent Tuesday morning, even temporarily triggering a halt on trading.
The trading comes at a time when President Trump is facing hefty legal fees from a civil fraud case brought on by New York’s attorney general, Letitia James. Mr. Trump had faced financial difficulties obtaining the $454 million bond that was set to be due this week, but a judge on Monday extended the deadline and slashed the bond to $175 million as Mr. Trump’s appeal is pending.
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