Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called “TRUTH Social,” which is expected to begin its beta launch for “invited guests” next month.
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Trump Media shares opened trading Wednesday higher, breaking the $50 per share threshold for the first time in nearly a month.
Trump Media, which trades under the DJT ticker, rose by more than 8% in early trading, before pulling back a bit.
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