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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 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 Truth Social stock remains wildly overvalued. Former president Donald Trump speaks to the media during a pre-trial hearing on March 25, 2024 in New York City.
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...
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.
March 26, 2024 at 1:15 PM. NEW YORK (AP) — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump's large...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
But the financial statements of Trump’s firm show scant evidence of a booming business worthy of the $4.7 to $5.6 billion market capitalization reported on Monday. Trump Media & Technology Group ...
NEW: The value of Donald Trump's stake in Truth Social owner Trump Media plunged by $1 billion today as its share price got hit by a bit of a reality check. Trump Media disclosed losing $58M in ...
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...