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Investor Balances Accidentally Soar as Trump’s “Truth Social” Goes Public

On the 26th, when the company that operated former US President Donald Trump’s “Truth Social” went public and began trading under the stock code “DJT,” the balances of some investors in their warrant companies showed a jump very wrong. was a problem. Photograph taken in February 2022 (2024 Reuters / Dado Ruvic / Illustration / File Photo)

[ニューヨーク 27日 ロイター] – On the 26th, when the company that operated former US President Trump’s social media (SNS) “Truth Social” went public and began trading under the stock code “DJT,” the balances of some investors in their securities companies were lost accidentally temporarily. was a problem where the display jumped up a lot. The issue may be due to a technical issue with the securities code of operating company Trump Media and Technology Group (TMTG) (DJT.O), opens a new tab. According to several posts on social media, the value of TMTG shares held on the trading platform of the US securities company Charles Schwab has increased to the Dow Transport Index (.DJT), which has the same stock code as “DJT”, opens new tab. He pointed out that the figures were displayed as if they had been inflated to a level similar to the previous year.

At the close of trading on the 26th, TMTG’s stock price reached $70.90. Dow Transportation stock was at 15,937.73 points.

One trader posted on X (formerly Twitter) that his Schwab balance information had accidentally jumped by more than $1 million.

Two X users and one person who uses the online bulletin board Reddit speculated that the reason for the inflated balances was that the warranty codes were almost identical.

A Charles Schwab spokesperson said a technical issue caused the balances of some users of Schwab’s trading platform to appear temporarily incorrect. The company said the issue has been resolved and investors can now trade stocks and options properly on the Schwab platform. The exact cause of the problem was not revealed.

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