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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...
Overall, the parent company of Truth Social shored up support in the days leading to the verdict. Over the past five days, Trump Media shares are up 12%—though they’re down 1% in the past month.
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...
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 ...
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...