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Trump’s Truth Social begins trading under DJT ticker

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Former President Donald Trump’s newly merged social media venture is set to commence trading under the stock ticker symbol DJT on Tuesday.

This announcement comes following a regulatory filing by the firm.

The company, which includes the Truth Social app platform, will be listed on the NASDAQ market.

The formation of Trump Media & Technology Group Corp. is the outcome of a merger between Trump’s company and the shell company Digital World Acquisition Corp. (DWAC).

 

On Friday, a majority of DWAC shareholders voted in favor of the merger with TMTG.

The merger was finalized on Monday, as reported in a filing with the U.S. Securities and Exchange Commission.

Big losses

Monday’s news saw a surge in DWAC’s share price, climbing up to 25% higher, thus recovering from losses incurred on Friday after the merger’s approval.

Donald Trump, who is also the presumptive Republican presidential nominee, holds a minimum of 58% ownership in the company, valued at $3 billion or more based on Monday’s share price.

However, due to existing regulations, Trump is restricted from selling shares for the next six months.

Devin Nunes, the CEO of Trump Media, along with the current management team, will continue to lead the company.

Nunes expressed determination to pursue the company’s vision of reclaiming the internet from the censorship of big tech companies. He emphasized their commitment to providing a platform for free expression and resisting efforts to suppress speech.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Leaders

AI and data sovereignty set to lead business innovations in 2025

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As businesses embrace cutting-edge tech, challenges like data sovereignty and AI are taking centre stage.

 

Over the past six months, the AI industry has seen significant advancements, with competing models such as Meta’s Luma and Google’s Gemini entering the market.

However, these developments come with a reality check. Building large language models (LLMs) requires substantial computing power and time, making immediate returns on investment unlikely.

One promising innovation is agentic AI, a step beyond generative AI, which enables proactive, automated solutions.

For instance, this technology could stabilise IT systems autonomously, diagnosing and resolving issues without human intervention.

Data sovereignty has also emerged as a key focus, with increasing emphasis on keeping data within national borders to comply with local laws. This has driven the adoption of sovereign clouds and private data centres, ensuring secure and localised data processing for AI development.

Deepak Ajmani, Vice President of ANZ & APAC Emerging Markets at Confluent, joins to discuss the evolving business landscape.

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Shows

Copilot redefines the modern workday

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Unlocking efficiency and customer success with AI-powered tools

The Tech Edge is a captivating business IT talk show delving into the latest industry trends and their significance in today’s landscape.

In this episode, Mike delves into the transformative power of Microsoft 365 Co-Pilot with Laura Morales, Customer Success Manager at AvePoint.

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Organisations overcome challenges in AI implementation

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Key lessons and tips for seamless Copilot adoption

In this episode, Kate Faarland, the Senior Vice President of Data and AI Programs at AvePoint, discusses the importance of AvePoint’s data and AI program, internal challenges with implementing CoPilot, and the organisation’s learnings from rolling out CoPilot for their workforce.

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