Shares of an “anti-woke” online marketplace soared more than 180% Tuesday following news that Donald Trump Jr. was joining the company’s board of directors.
President-elect Donald Trump’s eldest son was named to the board of directors of PSQ Holdings, Inc. on Tuesday, a source close to Donald Trump Jr. told ABC News.
The company confirmed the development in a press release.
“The American people have affirmed the importance of freedom, and PublicSquare is at the forefront of that movement,” Trump Jr. said in a statement. “As a director, I am committed to the long-term success of this important mission for our customers, merchants and shareholders.”
In this July 17, 2024, file photo, Donald Trump Jr., son of former President Donald Trump, speaks on stage at the Republican National Convention, in Milwaukee, Wisconsin.
Léon Neal/Getty Images, FILE
The company, headquartered a short drive from Trump’s Mar-a-Lago estate in Palm Beach, Fla., describes itself as “America’s leading, life-enhancing commerce and payments ecosystem , family and freedom.
Following Trump Jr.’s announcement, the company’s market capitalization more than doubled overnight, from $72 million on Monday to $196 million on Tuesday afternoon.
