Trump social media company Truth Social surges in Nasdaq debut
8 months, 4 weeks ago

Trump social media company Truth Social surges in Nasdaq debut

Raw Story  

Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. merged Monday with a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange. One user urged conservatives to “get behind the DJT stock and sent it over $100 per share” to “drive the liberals insane!” Another declared: “Get yourself a piece of #DJT stock if your a true MAGA supporter.” A day before, Trump Media CEO Devin Nunes, a former House Republican, said, “As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors.” Despite the enthusiasm, investors could experience a bumpy ride. Trump Media, which is based in Palm Beach, Florida, said in a regulatory filing that it “is highly dependent on the popularity and presence of President Trump.” If the former president were to limit or discontinue his relationship with the company for any reason, including due to his campaign to regain the presidency, the company “would be significantly disadvantaged.” Acknowledging Trump’s involvement in numerous legal proceedings, the company noted that “an adverse outcome in one or more” of the cases could negatively affect Trump Media and Truth Social.

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History of this topic

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics
1 month, 1 week ago

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. New York University professor Scott Galloway said on the podcast Pivot last Friday that …

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor
1 month, 2 weeks ago

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor

Raw Story  

Former President Donald Trump proclaimed Friday that he has "no intention of selling" his shares in Truth Social, the online platform he created as a Twitter clone, and any rumors to the contrary are "false." Much like his former hotel in Washington, D.C. that he owned going into his first presidential term, this poses enormous corruption issues for his second, …

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
1 month, 2 weeks ago

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory

Hindustan Times  

Former US President Donald Trump has finally broken his silence on social media following his recent election victory, addressing speculation around his investment in Truth Social, the platform he founded after his Twitter ban in early 2021. REUTERS/Jonathan Drake/File Photo Earlier rumors had circulated that Trump might sell shares in Truth Social, which he strongly refuted in a statement, calling …

Trump just made $500 million with a single Truth Social post
1 month, 2 weeks ago

Trump just made $500 million with a single Truth Social post

CNN  

CNN — President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. At Friday’s market open, in what was likely a classic “buy the rumor and sell the news” trade, shares of Trump Media and Technology Group had fallen 42% since their recent peak shortly after Wednesday’s open. But then, a half-hour into …

Trump promises he won't sell Truth Social shares, calls for investigation into rumors
Trending News
1 month, 2 weeks ago

Trump promises he won't sell Truth Social shares, calls for investigation into rumors

Salon  

Donald Trump promised not to sell off shares of Truth Social's parent company and called for an investigation into rumors that he would on Friday. Trump's commitment to his stock came in a post to his social media platform, his first written post to the site since his election victory. "There are fake, untrue, and probably illegal rumors and/or statements …

'Truth Social is dead in the crib' after election win: analyst
Trending News
1 month, 2 weeks ago

'Truth Social is dead in the crib' after election win: analyst

Raw Story  

Donald Trump's Truth Social platform may have its future as a viable — yet money-losing — site impacted now that the former president is headed back to the Oval Office, according to an analyst. He added that the Trump win could end up being his Truth Social investor's loss – particularly if he sells off a substantial amount of stock …

Truth Social: Why Trump being president again is horrible for his social media company.
Top News
1 month, 2 weeks ago

Truth Social: Why Trump being president again is horrible for his social media company.

Slate  

At least the stock market is happy about the election. One big mover on Wednesday, though, was nonsense: Trump’s social media company, Trump Media and Technology Group, rose by 6 percent, beating an already hot market. Although his victory has already been good for Trump Media stock, his return to power is unambiguously horrible for Truth Social’s actual business. But …

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss
1 month, 2 weeks ago

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

Associated Press  

NEW YORK — The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency. Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than $12 million in legal fees, along with …

Donald Trump’s fortune to jump by $1.4bn
1 month, 2 weeks ago

Donald Trump’s fortune to jump by $1.4bn

The Telegraph  

Truth Social, which functions similarly to Twitter, has largely been seen as a microphone for the Republican candidate and former president. Although Mr Trump has recently started posting regularly on the app, now called X, he continues to post frequently on Truth Social. On Tuesday night TMTG published quarterly results showing it brought in revenue of just $1.01m in the …

DJT: Trump’s social media stock spikes after victory, making him $1 billion richer
Trending News
1 month, 2 weeks ago

DJT: Trump’s social media stock spikes after victory, making him $1 billion richer

CNN  

New York CNN — Donald Trump didn’t just win the White House. Truth Social owner Trump Media & Technology Group, Trump’s social media company, is skyrocketing in value this morning after CNN and other media outlets projected Trump won the election. Trump Media’s stock, which trades under the ticker symbol “DJT,” spiked 35% in premarket trading, implying an astounding market …

Trump's Social Media Stock Soars as Election Looms
Trending News
1 month, 2 weeks ago

Trump's Social Media Stock Soars as Election Looms

CNN  

Trump's social media company, Truth Social, is experiencing a surge in popularity as the United States approaches the polls. Shares of the company have gained 13% on Tuesday morning, representing a rebound from recent losses. This surge has been attributed to the upcoming election and the potential impact it could have on the outcome of the White House race. However, …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
1 month, 3 weeks ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
1 month, 3 weeks ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
3 months ago

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling

Raw Story  

Former President Donald Trump can now start selling his Truth Social stock after a 6-month "lock-up" period has finally expired. When Trump Media and Technology Group — trading as Trump's initials, $DJT, on the Nasdaq Composite — launched its initial public offering in late March, one share would set an investor back by almost $71. But his majority stake, which …

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
3 months, 1 week ago

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?

NPR  

Truth Social reaches a tricky milestone. The parent company of Truth Social, the social media company majority-owned by former president Donald Trump, is turning a complicated corner on Thursday. "The stock price of Truth Social is like his crowd size," said professional investor Matthew Tuttle, in a reference to Trump's ongoing fixation with the attendance at his rallies and other …

Trump Media stock jumps after former president says he won’t sell shares when lockup expires
3 months, 1 week ago

Trump Media stock jumps after former president says he won’t sell shares when lockup expires

Associated Press  

NEW YORK — Shares of Trump Media & Technology Group Corp. jumped Friday after former President Donald Trump said he won’t sell shares of the social media company. Trump owns nearly 115 million shares of the company, according to a recent filing with the Securities and Exchange Commission. The former president can start selling shares of Trump Media, the parent …

Trump’s $2B decision: Former president vows to hold onto social media venture stock
3 months, 1 week ago

Trump’s $2B decision: Former president vows to hold onto social media venture stock

Politico  

“I don’t need money,” Trump said during a press conference in California, in response to a question. “I have absolutely no intention of selling.” He added: “We built this platform, and the reason I built it was I don’t want to have my voice shut down.” The $2 billion question of whether Trump will sell has hung over Trump Media …

Truth Social stock plunges by more than 15 percent after widely panned Trump debate
3 months, 1 week ago

Truth Social stock plunges by more than 15 percent after widely panned Trump debate

Raw Story  

Shares in former President Donald Trump's Trump Media and Technology Group, the parent company of his Truth Social network, took a nosedive in early trading on Wednesday, plunging by more than 15 percent shortly after the opening bell on Wall Street. The dive in Truth Social shares came after Trump delivered a widely criticized debate performance against Vice President Kamala …

Shares in Trump's media company have plummeted 74% since their peak this spring
3 months, 2 weeks ago

Shares in Trump's media company have plummeted 74% since their peak this spring

Salon  

Trump Media & Technology Group, the social media company that owns Truth Social and is itself majority-owned by one of its most avid users, former President Donald Trump, reached its peak value in March after merging a with publicly traded shell company. Trump, who owns 115 million shares, about 60% of the company, saw his Trump Media stake reduced in …

Trump’s Truth Social parent company stock price falls to all-time low
3 months, 2 weeks ago

Trump’s Truth Social parent company stock price falls to all-time low

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stock in Donald Trump’s media company hit its lowest level …

Why Trump might have trouble cashing in on Truth Social billions
3 months, 3 weeks ago

Why Trump might have trouble cashing in on Truth Social billions

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Column: Trump’s Truth Social stock is circling the drain
4 months ago

Column: Trump’s Truth Social stock is circling the drain

LA Times  

Former President Donald Trump: Is he laughing at the investors enticed into his Truth Social? Hiding in plain sight in the first annual report issued by the parent company of Donald Trump’s Truth Social platform was a statement of inescapable, well, truth. Issued, perhaps appropriately, on April 1 by Trump Media and Technology Group, the report said: “The value of …

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst
4 months, 1 week ago

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst

Raw Story  

Donald Trump's appearance on X Monday night should deeply concern a surprising group of people, a Slate analyst argues — his shareholders. "Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company," Kirshner writes. " Trump Media, the eponymous parent company of the former president's Twitter-adjacent site Truth Social, lost 5 percent of …

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.
4 months, 1 week ago

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.

Slate  

Donald Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company, and you’ll never guess what happened next. Rather, Trump Media is a $5 billion company because some of Trump’s fans think it is cool to own a company that trades as $DJT and supports Trump. Nowhere in the company’s “risk factors” filed …

Truth Social tanks as Donald Trump returns to X
4 months, 1 week ago

Truth Social tanks as Donald Trump returns to X

Salon  

Donald Trump’s social media network Truth Social is rapidly declining in value as the former president has started posting on X for the first time in over a year. Over a three month period that ended June 30, Truth Social’s parent company, Trump Media & Technology, lost more than $16 million. Many investors hoped the 2024 election would be a …

Truth Social stock takes a tumble as Trump makes his X return
4 months, 1 week ago

Truth Social stock takes a tumble as Trump makes his X return

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Shares …

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue
4 months, 2 weeks ago

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s social media company Trump Media and Technology Group …

Trump’s net worth has dropped by $900m since Harris entered the race
4 months, 3 weeks ago

Trump’s net worth has dropped by $900m since Harris entered the race

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s net worth has dropped by an estimated $900m …

Trump’s Truth Social nears lowest audience mark since its launch, report says
4 months, 3 weeks ago

Trump’s Truth Social nears lowest audience mark since its launch, report says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Trump has now lost $267M with 'erratic' Truth Social stock: report
6 months ago

Trump has now lost $267M with 'erratic' Truth Social stock: report

Raw Story  

Donald Trump has lost more than $267 million as the value of his eponymous media company continues to plummet, according to a new financial analysis. Trump Media stock values dipped 6.29 percent on Monday and brought share prices to just $34.72 as of Tuesday, Newsweek reported. Truth Social’s parent company reportedly hit a low point last week not seen since …

Trump Media in spiral as it plunges to lowest level in months: report
6 months, 1 week ago

Trump Media in spiral as it plunges to lowest level in months: report

Raw Story  

Trump's media company is losing stock value yet again. Trump Media and Technology Group, formed by a merger with the "blank check" firm Digital World Acquisition Corp., manages Trump's Truth Social platform, a barebones social media site mainly used by Trump himself to make stream-of-consciousness posts known as "Truths." In recent weeks, the stock price of Trump Media, had been …

Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
7 months, 3 weeks ago

Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks

Associated Press  

WASHINGTON — Former President Donald Trump has secured an additional $1.6 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. For now, the value of those shares …

Trading Trump: Truth Social’s first month of trading has sent investors on a ride
7 months, 4 weeks ago

Trading Trump: Truth Social’s first month of trading has sent investors on a ride

Associated Press  

WASHINGTON — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “It’s everything out of the ordinary,” said Julian Klymochko, CEO of Calgary-based Accelerate Financial Technologies Inc. “I …

Trump Media stock plummets after big streaming service announcement: analysis
8 months, 1 week ago

Trump Media stock plummets after big streaming service announcement: analysis

Raw Story  

Trump Media & Technology Group stock took another tumble this Tuesday after it was announced that the company would be launching a new streaming platform. The stock, which traders under ticker DJT, fell 14 percent after a press release went out announcing the streaming service would come to phones, tablets, and TV through the Truth Social app, Yahoo! Trump Media, …

Trump's Truth Social Stock Is Plummeting — Again
8 months, 1 week ago

Trump's Truth Social Stock Is Plummeting — Again

Huff Post  

LOADING ERROR LOADING Shares of Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, plummeted Monday after the struggling business filed to potentially increase the number of shares for sale. Trump Media’s stock has been in a downward spiral since the company went public last month following a merger with a shell company. Trump’s company …

Truth Social stock plunges again after series of early morning punches
8 months, 1 week ago

Truth Social stock plunges again after series of early morning punches

Raw Story  

Stock in Trump Media & Technology Group took a precipitous drop in value before trading officially opened on Monday morning and then continued to stay under $30 a share after trading commenced. According to an early report from Barron's, leery investors' skepticism flared up as Donald Trump headed to a Manhattan courtroom where he is facing 34 felony counts related …

"Every time I buy more, the price drops more": Trump supporters grapple with Truth Social losses
8 months, 1 week ago

"Every time I buy more, the price drops more": Trump supporters grapple with Truth Social losses

Salon  

Investors in Truth Social, the Donald Trump-backed social media platform, watched their share prices plunge from $66 in its public debut in March to just $32 last Friday. “I have no doubt it’s going to explode sometime.” Many users of Truth Social, taking the former president's lead, migrated there from Twitter, now X, after the former president accused the platform …

Donald Trump's Truth Social's future doesn't look that good. Here's why
8 months, 1 week ago

Donald Trump's Truth Social's future doesn't look that good. Here's why

Hindustan Times  

The passively negative influence of this week has resulted in a fall of 25% regarding the stock of Trump Media and Technology Group Corp and a pronounced decrease in the cost to sell. Republican presidential candidate former President Donald Trump's stake value was cut short by about $2.6 Billion. Critics have been vocal about their scepticism regarding TMTG's viability Barry …

Truth Social shares hit grim milestone as price sinks again
8 months, 1 week ago

Truth Social shares hit grim milestone as price sinks again

Raw Story  

Share prices for the Trump Media and Technology Group Corporation sank yet again on Friday, marking the fifth straight day this week that the value of former President Donald Trump's social media venture has continued to slide. CNBC reports that shares in Trump Media dipped below $30 on Friday, a grim milestone for the company that signals it has lost …

Trump bumped from Bloomberg's list of billionaires as Truth Social stocks plummet
8 months, 2 weeks ago

Trump bumped from Bloomberg's list of billionaires as Truth Social stocks plummet

Raw Story  

Former President Donald Trump has been bumped from Bloomberg's list of billionaires, according to new reports. Trump's name did not appear Tuesday on the financial news site's daily ranking of the world's 500 richest people, based on net worth analyses of the billionaires' profiles and the day's trading. USA Today, the first to spot Trump's absence, linked Trump's fall to …

'Lost $4 billion': Maria Bartiromo grills Devin Nunes on Truth Social sell-off
8 months, 2 weeks ago

'Lost $4 billion': Maria Bartiromo grills Devin Nunes on Truth Social sell-off

Raw Story  

Fox News host Maria Bartiromo highlighted revenue losses suffered by Donald Trump's Truth Social platform. During a Sunday interview with Truth Social CEO Devin Nunes, Bartiromo reviewed the company's financial condition. "President Trump's media company has had a volatile two weeks," she noted. The company, which operates Trump's Truth Social platform, lost $4 billion in market value after gaining six …

More than 13,000 say Trump should be investigated for Truth Social stock fraud
8 months, 3 weeks ago

More than 13,000 say Trump should be investigated for Truth Social stock fraud

Raw Story  

Trump's Truth Social Nasdaq run so far has been topsy turvy — having suffered a nearly $4 billion hit since last week's money monsoon debut — and now a petition has amassed 13,000 digital signatures to push for former President Donald Trump to be investigated for fraud. "Just days after it went public, and its stock price placed its value …

I spent 24 hours on Trump's Truth Social. No wonder it's tanking
8 months, 3 weeks ago

I spent 24 hours on Trump's Truth Social. No wonder it's tanking

LA Times  

You’ve likely heard of former President Donald Trump’s mouthpiece and social media platform, Truth Social. His posts are a mix of loud, Trumpian ALL-CAPS warnings — “UNDER CROOKED JOE BIDEN WE HAVE BECOME A THIRD WORLD NATION”— and run-on, word-salad grievances: “I’ve just posted a 175 Million Dollar Bond with the sadly failing and very troubled State of New York, …

Internet erupts over Truth Social's stock plunge: 'This is what a bloodbath looks like'
8 months, 3 weeks ago

Internet erupts over Truth Social's stock plunge: 'This is what a bloodbath looks like'

Raw Story  

Shares in former President Donald Trump's Truth Social plunged this Monday after news broke that the company behind the platform lost more than $58 million in 2023 while generating very little revenue — seemingly confirming warnings from experts who said the company's multibillion-dollar valuation didn't make sense. According to a report from CNN, Truth Social's revenue dropped 39 percent year-over-year …

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023
8 months, 3 weeks ago

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After a blockbuster debut on the Nasdaq last week, the …

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023
8 months, 3 weeks ago

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023

Associated Press  

NEW YORK — Less than a week after a flashy stock market debut, Donald Trump’s social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a stark decline compared with the …

Truth Social shares go into freefall after investors learn how much money it really makes
8 months, 3 weeks ago

Truth Social shares go into freefall after investors learn how much money it really makes

Raw Story  

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw. Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its …

'Money incinerator': Observers shocked by latest Truth Social financial data
8 months, 3 weeks ago

'Money incinerator': Observers shocked by latest Truth Social financial data

Raw Story  

The Trump Media & Technology Group, the owner of the Truth Social platform, released new financial data on Monday showing that the company lost $58 million over the last year while posting revenues totaling just $4 million. Washington Post tech reporter Drew Harwell argued that Truth Social's underlying financials are "way out of sync with the frenzied stock-market debut that …

‘Anti-woke not especially lucrative’: Filing shows Truth Social lost millions last year
8 months, 3 weeks ago

‘Anti-woke not especially lucrative’: Filing shows Truth Social lost millions last year

Raw Story  

Donald Trump's social media company Truth Social, which merged and began public stock trading last week, at one point hitting a valuation of over $8 billion, reportedly had revenues of just $4.1 million and lost more than $58 million in 2023. Citing new SEC filings, Axios reported Monday the "massive disconnect between the financial fundamentals and stock performance of Trump …

Trump suffers $2bn hit as Truth Social stock slumps
8 months, 3 weeks ago

Trump suffers $2bn hit as Truth Social stock slumps

The Telegraph  

Donald Trump has suffered a $2bn blow to his wealth after shares in his company Truth Social plunged by almost a quarter. Trump Media & Technology Group - the parent company of Mr Trump’s social media platform - saw its stock tumble after revealing it lost $58m last year on revenues of just $4.1m. When TMTG debuted, the share price …

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