Over the past month, Trump Media & Technology Group Corp, which trades as DJT, has surged by 220 percent, or about $35 per share. As of Wednesday, DJT is trading at around $51 per share.

The company is now valued at more than $10 billion after its shares more than quadrupled since late September.

Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter.

Since it went public in March, Trump’s company stock has been especially volatile, often depending on news updates related to the former president. When a jury convicted him on 34 counts of falsifying business records in New York on May 31, the company’s shares also saw a drop.

Meanwhile, in mid-September, the stock plunged to a low of about $12 per share, which put the company at a value of about $3 billion. But since then, it has posted steady gains on a daily basis.

After the attempted assassination of Trump on July 13, the company’s stock jumped by more than 60 percent.

The recent surge in the company’s stock could be attributed to the proximity of the Nov. 5 election between Trump, the Republican presidential nominee, and his Democratic challenger, Vice President Kamala Harris.

Trump owns around 115 million shares of the company, according to filings with the Securities and Exchange Commission. With the stock surge, Trump’s net worth has also been on the upswing, according to Forbes magazine, and he’s now worth about $8 billion.

When Musk took over Twitter in October 2022, the company was valued at around $44 billion. At that time, Fidelity Investments valued its stake at $19.7 million. In a recent regulatory filing, Fidelity’s Blue Chip Growth fund said its stake in X Holdings was worth about $4.2 million.

Other companies that Trump Media is now bigger than include Caesars Entertainment, Match Group, Walgreens Boots Alliance, and Hasbro, the maker of the Monopoly game.

Musk has become one of Trump’s most prominent supporters in the former president’s bid to get reelected. Musk has committed more than $70 million to boost Trump and has recently held a number of town halls in support of the former president.

Trump launched Truth Social in 2022, months after his Twitter account was suspended by Twitter’s previous management before Musk took over and renamed the platform X. The former president often uses Truth Social to deliver updates on his campaign, provide endorsements to Republican candidates, and provide his commentary on his legal and civil court cases.

But in recent months, Trump has returned to X and is now heavily using the site to promote his campaign. Musk endorsed the former president in July and has been campaigning for him, namely in the battleground state of Pennsylvania.

Based in Sarasota, Florida, Trump Media has been losing money and struggling to raise revenue, according to filings with the Securities and Exchange Commission. It lost more than $16 million in the quarter ending June while generating only $837,000 in revenue, according to the filings.

The Associated Press contributed to this report.

Shareholders of Digital World Acquisition Corporation (DWAC) voted to approve a merger with former President Donald Trump’s Trump Media and Technology Group (TMTG), the parent company of Truth Social, Friday, leading to Tuesday’s Wall Street debut. Trump received 79 million shares of stock worth over $3 billion, The Hill reported.

DWAC shares traded at $49.95 at Monday’s close, according to Yahoo Finance, while the new DJT symbol that replaced DWAC is trading at over $73 as of Tuesday morning, increasing the value of Trump’s holdings by over $1 billion. Trump could receive 40 million additional shares by the end of April based on the stock’s performance, New York Magazine reported.

Trump announced he would start the social media company in October 2021, nine months after being banned from Twitter and other social media sites in the wake of the Jan. 6, 2021, riot at the Capitol building.

Twitter reinstated Trump in November 2022, following an online poll by Elon Musk, who completed the acquisition of the social media site in October 2022.

Trump reportedly signed a contract requiring him to post original content to Truth Social, which is owned by TMTG, and to not repost to other social media sites for six hours, according to TechCrunch.

TMTG’s website states that a planned subscription-based streaming service known as TMTG+ would offer “access to non-woke entertainment, news, documentaries, podcasts and more.”

TMTG did not immediately respond to a request for comment from the Daily Caller News Foundation.

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Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the President Donald Trump’s media business in a vote this past week.

The common stock of Trump Media & Technology Group, which is led by former Republican Rep. Devin Nunes, will trade under the ticker symbol “DJT,” or the former president’s initials, according to a news release.

The new ticker symbol is the same one that was used by the former president’s resorts and casino firm, which used to trade on the New York Stock Exchange in the mid-1990s and early 2000s.

Shares of Digital World Acquisition Corp., or DWAC, rose by 23 percent on March 25 in the afternoon following the Nasdaq announcement. So far in 2024, shares of DWAC have increased by more than 130 percent, while revenue was $3.4 million for the first three quarters of last year, said a DWAC regulatory filing.

“As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors,” said Mr. Nunes in the release. “We will continue to fulfill our commitment to Americans to serve as a safe harbor for free expression and to stand up to the ever-growing army of speech suppressors.”

President Trump is set to own most of the combined company—or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.

“Today marks a pivotal moment not only for DWAC and TMTG as a combined entity, but for the broader media and technology landscape,” Eric Swider, director of TMTG, said in a news release, adding that it is an “extraordinary opportunity to shape the future of media and technology.”

On March 22, shareholders of Digital World voted to approve a merger with TMTG, where President Trump is the chairman, according to a filing with the U.S. Securities and Exchange Commission.

Digital World is what’s called a special purpose acquisition company, or SPAC, also known as a “blank-check company.” SPACs raise cash and then hunt for companies to merge with. Such deals give the target companies a potentially quicker and easier way to get their stocks onto the New York Stock Exchange or Nasdaq.

The arrangement lets them avoid some of the paperwork associated with traditional initial public offerings of stock, or IPOs. For investors, SPACs offer a way to get into hyped, potentially faster-growing companies such as TMTG, the DraftKings betting service, or SoFi banking.

It comes as the former president faces a massive, $455 million civil judgment after a New York judge ruled this month that he and his real-estate company defrauded banks and insurance companies for at least a decade.

President Trump has denied the allegations, saying the judge is engaging in a partisan witch hunt designed to harm his 2024 chances.

Bond Amount Cut

On March 25, a New York court cut the bond amount to $175 million that the former president needs to post in order to appeal the fraud verdict. The court also set a new deadline, giving him more than a week to pay.

The office of the New York attorney general, who brought the fraud case, responded to the ruling by saying that the former president is “still facing accountability for his staggering fraud.”

“The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization,” the statement said. “The $464 million judgment—plus interest—against Donald Trump and the other defendants still stands.”

President Trump’s two eldest sons Donald Jr. and Eric, and two company executives from the Trump Organization, Allen Weisselberg and Jeff McConney, also face penalties in the judgment. And this past week, New York Attorney General Letitia James’ office filed the judgments in Westchester County, New York, suggesting that she might take action to seize the former president’s assets in the county.

There has been speculation that the former president could use some of the Truth Social acquisition cash to help pay off his legal expenses, which includes attorney fees amid four criminal cases. The former president also has to pay a judgment in a defamation case that was brought against him by writer E. Jean Carroll.

But under the agreement, he cannot sell his shares in the company easily for at least six months. Major TMTG shareholders will be under what’s called a “lock-up” provision, a common restriction on Wall Street that keeps big, early investors from immediately dumping their shares. Such sales could tank the stock’s price.

The Associated Press contributed to this report.

He took to Truth Social to declare he’s calling for recusal and a venue shift.

There is no way I can get a fair trial with the judge “assigned” to the ridiculous freedom of speech/fair elections case. Everybody knows this, and so does she! We will be immediately asking for recusal of this judge on very powerful grounds, and likewise for venue change, out if D.C.

Chances of either happening are slim. This is going to take the Supreme Court to fix despite the unambiguous political nature of the charges.

But the Twitter Files have changed things. They’ve reaffirmed trust among many Americans who have been skeptical of the possibility that Musk really CAN make things better at the once-great social platform. If a company is willing and able to expose the role played by many of its own employees and our own government in manipulating the results of the 2020 election (not to mention dozens of other examples of malfeasance with Big Tech/government collusion), there’s hope.

Arguably the most important aspect of this weekend’s release of the Twitter Files is that it has thus far been done without excuses made. Matt Taibbi didn’t try to justify any of the actions taken by Twitter employees and Musk hasn’t been softening the blow to his newly acquired company by downplaying the significance of the revelations. While one can argue that both of these characteristics are self-serving (Twitter is probably burning through servers right now faster than Hunter Biden can burn through crack rocks), it’s still refreshing to see the truth coming out.

After being reinstated, Donald Trump has not posted to Twitter. He’s remained loyal to Truth Social. That’s a good temporary business move, though long term it’s not as I’ll explain shortly. But it’s not good for America for one simple reason. Now more than ever, America NEEDS Trump’s voice in the conversation. One can say, “But he’s getting tens of thousands of ReTruths and Likes on his posts over there,” but here’s the thing. It’s an echo chamber and nobody outside of his base is seeing anything he’s posting. Unlike Twitter, Truth Social doesn’t let unauthenticated visitors see what’s being posted. Unlike Twitter, it doesn’t allow posts to be embedded. No matter how many “ReTruths” he gets on his closed platform, he’s not even reaching 3% of the people he could (SHOULD!) reach if he posted on Twitter.

Correction: Unauthenticated visitors CAN see posts on Truth Social. Of course, that doesn’t change the fact that they’re not actually goin to see them.

I’m not suggesting he should dump Truth Social. In fact, it would benefit him and Truth Social greatly if he were to post many things to Twitter. He could grow Truth Social more quickly by posting partial thoughts on Twitter, then linking to the full post on Truth Social. Or, he could use Truth Social as his venue for full rants while making Twitter his home for campaign-related posts as well as hot takes.

Truth Social will never be Twitter. It’s barely on par with Gettr and Gab, both of which are superior in functionality and engagement. Donald Trump can keep talking to his most passionate base alone on Truth Social, or he can speak to the American people on Twitter.

I still support Donald Trump for president in 2024. But I’m not a blind follower who believes he can do no wrong which is why I want to address four topics that he needs to correct as soon as possible if he’s going to be successful and earn as many America First votes as possible.

Notice that I didn’t say he will earn as many total votes as possible. That strategy, which he temporarily tried in 2016, isn’t for him. He attempted it with “The Softening” in late summer, 2016, when he and Sean Hannity tried to sell the notion that he didn’t need to deport all illegal aliens or reverse DACA. They and whoever was advising him at the time thought their general election pivot should include this softening of his immigration stance.

That lasted a little over a week before he heard enough from his base to realize it wasn’t the way to go. He reverted back to his tough stance on illegal immigration and the rest is history.

The reason I mention that story is because President Trump listens to the people, but only when we’re loud enough to reach him. He’s very insulated by his staff and advisors, and frankly they’re not making good decisions for him. We need to make him pay attention to some of the things we want him to change now, ahead of the 2024 election, so that he won’t only win but he’ll be positioned to do things the right way, the America First way.

Here is my list of four grievances I’d like addressed. They’re in order of increasing magnitude; if he doesn’t fix Truth Social that’s not a big deal, but if he keeps pushing the jabs it may cost him the election. I discussed them in more detail on the latest episode of The JD Rucker Show. Call this an intervention…

Stop Censoring on Truth Social

It’s a sad state that just below Twitter, Facebook, and the other woke Big Tech platforms, Truth Social is clearly the most draconian of the alternative social sites. The platform that he has backed is beholden to Apple and Google, which is why they will censor posts about vaccines and other taboo topics. They’ve even gone so far as to ban controversial people like Juanita Broaddrick for simply speaking her mind.

A friend posts the same thing across all of the platforms. He has been banned on Twitter now for it, but he has been censored multiple times on Truth Social. The same posts fly on Gettr, Parler, and Gab. How can this be a “free speech” platform if they’re censoring people so readily?

Again, this is the least important of the changes and if Trump does absolutely nothing about it, it’s fine. It would be nice, but nothing more than a cherry on top. The other issues are much more important.

Stop Endorsing RINOs

There are two primary criteria the Trump team is apparently taking into consideration when making 2022 endorsements. The first is a great one. He’s endorsing opponents of his enemies, most notably those who voted for his impeachments Peter Meijer and those who stabbed in the back over voter fraud like Brian Kemp. The next criteria is understandable but misguided. They pick winners, then back those winners.

We expect him to pick the best America First candidates, but that’s only the case when the America First candidate happens to be the frontrunner. Otherwise, he’s endorsing people like Dr. Mehmet Oz, Tudor Dixon, and Katie Britt because they had the best chance of winning despite being total RINOs.

Britt in particular is annoying because he dumped Mo Brooks to endorse her. He claimed he dumped Brooks because after fighting against voter fraud and trying to correct the 2020 election for over a year, Brooks made the mistake of saying it’s time to move on to the 2022 election. Trump dumping him and endorsing Britt over that makes no sense because Britt has NEVER acknowledged voter fraud. She NEVER fought the stolen election. She’s a Mitch McConnell puppet and if Trump is back in the White House in 2025, she will not be an ally.

It’s like saying you’re going to stop eating bananas because they’re too fattening, then eating chocolate cake instead. The real reason he dumped Brooks is because when he first endorsed him last August, Brooks was in the lead at 40% in the polls. When he dumped him, Brooks was in third place at 17%. He surged back into second place but not getting Trump’s reindorsement in the runoff killed his chances. Now, Trump helped send another McConnell pawn to Capitol Hill instead.

Help the January 6 Political Prisoners

There are people rotting in jail right now who are there because they passionately supported Donald Trump. They aggressively opposed the voter fraud that stole the 2020 election. These are Trump’s people. But he has done little to draw attention to their plight. This is a mistake and very disappointing.

He should be leading protests in DC. He should be calling out the horrible treatment many of the prisoners are receiving. He should be demanding that the two-tier justice system stop treating patriots as insurrectionists as they continue to treat Antifa domestic terrorists as hero activists.

Admit He Was Misled on Vaccines

Anthony Fauci and Deborah Birx have recently acknowledged they misled the White House and the American people about Covid-19 and the jabs. Now is the perfect time for Donald Trump to reverse his pro-vaxx stance and say he was lied to about it all. Instead, he continues to claim Operation Warp Speed saved tens of millions of lives and the vaccines may be his greatest accomplishment as president.

The data is clear. They don’t work. They’re dangerous. Fauci and Birx have presented a unique opportunity for him to come to the right side on the issue. The reason I have this one listed last and most important of the four interventions is because this one is the greatest threat to his reelection.

Imagine in 2024 Trump is running for president. Imagine that, as many of us expect, the data will become undeniable that the jabs cause blood clots in most that lead to myocarditis, pericarditis, strokes, heart attacks, and other adverse reactions that include death. If Trump doesn’t correct the issue now and acknowledge that he was misled, he will get the full brunt of the blame. Operation Warp Speed, which he has touted as a great accomplishment, will be the scapegoat for the health problems that arise. They will say that by trying to rush the jabs out before the elections, Trump actually hampered Big Pharma’s ability to do proper testing.

In other words, they’re going to pin the inefficacy and dangers from the jabs on Trump and Trump alone. The only way he can prevent that is to come out as soon as possible as being misled and therefore not responsible for whatever is to come from the so-called “vaccines.”

I want Donald Trump to succeed. I want him to learn the lessons from his first term to make his second term even more successful. But he needs to start listening less to his advisors and more to his base.