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Shares of Trump Media & Technology Group ( DJT ), the parent company of Trump's social media platform Truth Social, rose 16% on Tuesday during the stock's first day of trading under...
When DJT went public this week, so did its social media platform Truth Social. While the high trading price might make investors think the platform is successful, it brought in only $3.4...
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.
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 ...
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...
In February 2022, TMTG launched the social network Truth Social. Trump reported in an April 2023 personal financial disclosure that he had made less than $201 from TMTG. According to a report filed with the U.S. Securities and Exchange Commission (SEC) in April 2024, the TMTG experienced substantial financial challenges in 2023.
He received 115,000 shares which at the current stock price of $36 are worth about $4.1m (at the market peak, approximately $9m). Phillip Juhan. Trump Media’s chief financial officer Phillip ...
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...
Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.
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.