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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 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...
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...
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 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.
That’s why the Trump-controlled Trump Media & Technology Group, which runs the sparsely populated Truth Social, needs to make sure its Nasdaq debut works.
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.”
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.
The share price bottomed out at around the $47 mark before staging a slight recovery closing at $48.66, down 21.47 per cent for the day. According to one calculation that lowers the value of Mr ...
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.