The rightwing social network’s flotation, supported by fans of the ex-president, makes it look like part of the ‘meme stock’ phenomenon
• Business live – latest updates
Donald Trump’s social network went public on Tuesday and quickly achieved a valuation of almost $8bn (£6.3bn), a gain of more than 15% on its initial public offering (IPO) value. Shares rose again in volatile trading on Wednesday, rising 14% and valuing it at $9.6bn. That enormous success has raised questions, and not all of them are easy to answer.
More Stories
Aston Martin limits exports to US because of Trump tariffs
TikTok fined €530m by Irish regulator for failing to guarantee China would not access user data
Liberal-aligned thinktank running anti-Greens ads received $600,000 from coal industry in Queensland election