Subject: Re: DJT the stock
DJT the stock is up approximately 40% for the day, as I type. Not sure how that figure is arrived at, as the price chart for the day shows that it opened at $70.90, and it is currently priced at
$69.96. Showing a 40% gains means that it was priced at $50/ share
(IPO Price * 1.40 = $70........ IPO Price = $70/1.4= $50 ), so I assume that is what the 40% gain is referenced against.

They're comparing it to yesterday's close of DWAC - the SPAC that Trump's company was merged into - which traded at $50 yesterday, more or less.