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On March 25, 2024, the day TMTG's stock began trading publicly, Truth Social had 277,000 U.S. visitors, while Reddit had 32 million. [135] By April 2024, Truth Social's daily average of active users in the U.S. had dropped 19% over the past year to around 113,000.
It runs the Truth Social social-media platform and is primarily owned by U.S. president-elect Donald Trump. Founded by Andy Litinsky and Wes Moss in 2021, [4] it went public on March 26, 2024, after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company (SPAC). [5] [6] [7]
That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market. Trump is set to own most of the ...
The parent company of Donald Trump’s Truth Social platform started ... Truth Social shareholders approved a long-anticipated merger between Trump Media and the publicly traded shell company ...
Donald Trump's first day back on the public markets was a wild ride. Shares of Trump Media & Technology Group (), the parent company of Trump's social media platform Truth Social, rose 16% on ...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a massive windfall for former President Donald Trump that doubles his net worth.
The site’s parent company, Trump Media & Technology Group, was approved to merge with Digital World Acquisition Corp., a publicly traded company, on March 22.