Donald Trump media firm soars in stock market debut | BBC News

Shares in Donald Trump's media company have soared, as the firm makes its formal debut on the stock market. Shares surged past $70 each in opening trade - a price that gives the firm a market value of more than $9bn. The long-awaited moment will inject more than $200m into Trump Media & Technology Group and hands the former president a stake worth more than $5bn. Analysts say that is far more than warranted, given the performance of the business. Trump Media operates Truth Social, a Twitter-like service that brought in just $3.3m in revenue in the first nine months of last year and lost nearly $50m. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #US #Technology #BBCNews