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Trump Media runs the social media platform Truth Social, which Trump created after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. The former Republican president ...
Trump is set own roughly 79 million shares of the company, according to new SEC filings. DWAC shares were trading for just over $49.50 on Friday morning, putting the value of that stake at roughly ...
It has since fallen, closing at $51.60 on Tuesday. The decline came after the company reported a net loss of $58.2 million on revenue of $4.1 million in 2023. Former President Donald Trump has ...
The Truth Social stock remains wildly overvalued. Former president Donald Trump speaks to the media during a pre-trial hearing on March 25, 2024 in New York City.
Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its stock market debut and a potential ...
Donald Trump’s Truth Social platform has filed a lawsuit against 20 media organisations for making what it claims to be defamatory statements about the company’s financial losses.
Trump Media & Technology Group, the Truth Social owner controlled by former President Donald Trump, recently filed a lawsuit against two of its co-founders seeking to eliminate their stakes in the ...
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”.