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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 ...
The owner of Truth Social fell last week to the lowest level since it went public in late March. The value of Trump’s stake in the company has fallen sharply, going from $6.2 billion on May 9 to ...
Trump Media’s stock, which trades under the ticker symbol ... That’s despite the fact that Trump Media makes very little revenue and Truth Social is a relatively small player in social media.
Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media ...
Donald Trump’s net wealth is evaporating fast as stock in the parent company of Truth Social plunges to fresh depths since its recent market debut. ... ticker symbol late last month following a ...
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.
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.
Here are some key takeaways from experts and regulator filings that help explain why Trump Media's stock — ticker symbol DJT — has gone up and down, ... Truth Social launched in 2022, and the ...