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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...
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.
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 ...
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 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.
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.
February 16, 2024 at 8:43 AM. Steven Hirsch—Getty Images. Donald Trump’s Truth Social is poised to make its Wall Street debut after the Securities and Exchange Commission (SEC) has finally ...