Shares of Trump Media & Technology Group surged by 59% on their first trading day on Wall Street, closing with a market capitalization of nearly $8 billion. Despite an operating loss of $10.6 million in the first nine months of 2023, the company's impressive debut followed a merger with Digital World Acquisition. Trump, who owns about 60% of the company, now sees his stake valued at roughly $4.6 billion. The platform, Truth Social, was launched by Trump after mainstream social media bans after the January 6 Capitol riot. The surge in stock value arrives as Trump, running again in the 2024 Presidential election, faces substantial legal challenges, adding to his financial pressure.