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The share price of Trump Media soared by more than 12% in afternoon trading Monday.
The DJT ticker was up more than $5 per share just before 1 p.m. ET.
Trump Media owns the Truth Social app frequently used by the company’s majority shareholder, former President Donald Trump.
Earlier Monday, Trump Media released updated information to shareholders advising them how to avoid having their stock shares loaned out for use by short sellers to bet the price drops.
This is developing news. Check back for updates.
