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Trading of the new company under the ticker symbol “DJT” on the Nasdaq Stock Market is set to begin on Tuesday, the companies said. ... , the shell company that now owns Truth Social, surged ...
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 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.
“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.
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 ...
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. ...
The SEC has cleared the merger of Trump Media & Technology Group (which owns Truth Social) and Digital World Acquisition Corp. (DWAC), a SPAC which plans to bring the company public.
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.