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“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.
The company, which owns social media platform Truth Social and trades as DJT on the Nasdaq, was down 5% at the market open. Trump, the Republican presidential nominee, owns nearly 57% of DJT’s ...
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 its new ticker ...
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.. Their value ...
Trump Media, the parent company of Trump’s Truth Social Network, was trading at $16.98 at closing on Wednesday, down more than 78 percent from the stock’s March high of $79.38 per share.
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. [134] 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.
A stock’s price is supposed to rise and fall with its prospects for making money, but critics say TMTG’s stock has instead tended to move with investors’ expectations for Trump’s re ...
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. [43]