On March 26, 2024, Trump Media & Technology Group (TMTG) had a strong Nasdaq debut with Truth Social shares rising 16%, hitting a market value of over $10 billion.

Former President Donald Trump's paper stake in TMTG soared to an estimated $4.6 billion, though his shares are restricted by a lock-up agreement and performance conditions.

TMTG's shares peaked with a 59% increase before settling at $57.99, bringing the company's valuation to $7.9 billion post-merger with Digital World Acquisition Corp despite not being profitable.

Rumble (NASDAQ: RUM), a conservative-leaning platform with ties to TMTG, also saw its stock jump 15.4% possibly due to the market's reaction to TMTG's trading success.

The Motley Fool Stock Advisor team advises caution, not recommending investment in Digital World Acquisition Corp or Rumble, pointing to their low revenue and questionable long-term viability.

Potential ethical concerns and conflicts of interest may loom if Trump returns to the presidency, given his substantial business holdings.