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At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion. The former president founded Truth Social after he was kicked off major social media apps like...
The parent company of Donald Trump ’s Truth Social platform started trading on Wall Street on Tuesday, with its shares appearing under the ticker “DJT” and priced at $78.
The price plunge caused the former president's net worth to shrink by $1bn, according to Bloomberg. Shares had surged last week, giving the company an $11bn valuation. But experts warned the...
Its stock is trading at $13; its market cap is around $4 billion, and it has sales of around $5 billion, “so the valuation isn’t that outrageous.”
The actual value of the new company is likely around $2 per share, more than 90% below its current share price, Jay Ritter, a finance professor at the University of Florida, told McClatchy News.
Truth Social (stylized as TRUTH Social) is an alt-tech [4] [5] [6] social media platform owned by Trump Media & Technology Group (TMTG), an American media and technology company majority-owned by former U.S. president Donald Trump. [7] It has been called a " Twitter clone" that competes with Parler, Gab, and Mastodon in trying to provide an alternative to Twitter and Facebook. [4] [6] [8] [9 ...
The stock has since rallied as much as 138% since its lows, closing at over $54 last Thursday before taking a breather down to $50.99 on Friday. The volatility is attributed to two factors. The...
Donald Trump could get a financial lifeline of billions of dollars as Truth Social's parent company is set to start trading on the Nasdaq.
Multiply that by Digital World’s current stock price of more $42, and the total value of Trump's stake could surpass $3 billion.
The value of Truth Social’s stock – to be listed on Wall Street as DJT, for Donald John Trump – also is largely directed by the thousands of Trump supporters who bought into the company and ...