Newsmax (NYSE: NMAX) and Trump Media & Technology Group (NASDAQ: DJT), both linked to President Trump, have become popular among his supporters. Newsmax went public on March 31, 2024, surging from $10 to $233, while Trump Media, which operates Truth Social, debuted via a SPAC merger on March 26, trading at $70.90, reflecting a 42% increase from its premerger price.
Explain It To Me Like I’m 5: Newsmax and Trump Media are companies linked to Donald Trump that became very popular and their stock prices went up a lot after they started trading publicly.
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