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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 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 ...
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 ...
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 ...
The shares closed Tuesday at $21.42, down 82 cents or 3.71%, following a slide of 3.56% the day before. In the context of the grand sweep of DJT's history as a publicly traded company, that's not ...