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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.
“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.
On February 21, 2022, TMTG released Truth Social, a competitor to social-media platforms such as Twitter, on iOS. Truth Social had trouble hiring due to its political associations. In early April 2022, Reuters reported that the company's head of technology and head of product development had resigned after the network's "troubled" launch. [47]
Shares of Digital World Acquisition Corp , the shell company that now owns Truth Social, surged more than 20% on Monday. The stock is up over 170% over the past six months. The stock is up over ...
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. ... The stock price ...
The company behind the Truth Social platform is worth more than $3 billion on Wall Street, and Trump owns more than half of it. Trump will soon be able to sell shares in Truth Social's parent company.
Truth Social's parent company, ... mostly driven by the rise in Trump Media stock. Trump owns nearly 115 million shares of the company worth about $6.2 billion on Tuesday. ...
Donald Trump’s Truth Social is poised to make its Wall Street debut after the ... (which owns Truth Social) and Digital World Acquisition Corp. (DWAC), a SPAC which plans to bring the company ...