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Trump, who made the announcement on his Truth Social account, maintains a roughly 60% interest in DJT. At current levels of around $32 a share, Trump Media boasts a market cap of about $7 billion ...
An initial surge in the market value of Trump Media in March made the former president's 57% stake worth $5.2 billion, but that tumbled to $1.4 billion when the stock hit a low of $11.75 in September.
Read more:Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep In parallel, Trump's rhetoric and behavior on the stump have ...
The combined company began trading under the symbol DJT and finished the day with an $8 billion valuation. [8] [33] In regulatory filings, Lighthizer and McMahon are listed as independent directors. [34] [35] An April 1, 2024, SEC filing revealed that TMTG lost over $58 million in 2023 with only $4 million in advertising revenue from Truth Social.
Trump is not only the dominant shareholder in Trump Media, he is the most popular user on Truth Social, the company’s only significant product. The company’s stock ticker symbol is even “DJT.”
Shares of Trump Media & Technology Group , the parent company of Trump's social media platform Truth Social, rose 16% on Tuesday during the stock's first day of trading under its new ticker ...
Trump Media, the parent company of Trump’s Truth Social Network, was trading at $16.98 at closing on Wednesday, down more than 78 percent from the stock’s March high of $79.38 per share.
Trump founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those ...