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Trump Media’s stock, which trades under the ticker symbol “DJT,” spiked 35% at the opening bell, translating to an astounding market value of about $9 billion.
“The stock price of Truth Social is unconnected to the reality of the financials of the firm. In the first quarter of 2024, the firm lost $327 million on revenues of only $770,500.
Trump's Truth Social came into being as another of his schemes, and that's how it's proceeding. ... as its ticker symbol have lost nearly 39% of its value. (The broad stock market as measured by ...
The user base of X, the social media network formerly known as Twitter, is more than 100 times bigger than Truth Social’s. Even Threads has 20 times more users than Truth Social, according to ...
It also marked the sixth straight day of heavy selling in Trump Media and Technology Group (TMTG), the parent of Twitter clone Truth Social, after a very brief respite when Trump told reporters he ...
Since its barnstorming first day as a publicly traded stock on the Nasdaq, the narrative surrounding Trump Media has been somewhat negative — most significantly the huge loss in 2023 revealed by ...
TMTG’s stock, majority-owned by former President Donald Trump, is down more than 70% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to ...
Despite a bumpy past, Truth Social has flourished in the lead-up to the election, even appearing to eclipse the valuation of Elon Musk's X. The stock is thriving despite meager financials .