Digital World’s was replaced on the social media platform Truth Social by Trump Media.
After two days of volatility, investors in the stock of Trump Media & Technology Group eventually saw a rise in their holdings.
TMTG (DJT) had a 15.6% increase on Wednesday following a sharp decline earlier in the week.
After the company’s flagship product, Truth Social, revealed a significant entry into streaming—a notoriously expensive industry where media giants like Disney have struggled to make a profit—shares finished more than 14% lower on Tuesday. On Monday, it dropped 18% as well, after the company’s move to sell millions of additional shares.
The business, which former President Donald Trump owns the majority of, is down more than 60% from its peak, which it reached on March 26, the day it combined with a buyout firm to go public.
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