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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 ...
On July 1, ORTEX, a financial intelligence and analytics firm based in London, estimated that DJT’s short interest was 7.16 million shares. By July 12, its estimate rose to only 8.86 million ...
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 Facebook and ...
Truth Social. 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 ...
Shares in Trump Media, which runs the Truth Social platform, closed up about 31%. The price had risen as much as 70% in pre-market trading over the weekend before falling back again.
TechCrunch Minute: Why the company behind Trump’s Truth Social joined the growing IPO trend. The Reddit and Astera Labs IPOs last week ate up a lot of media oxygen. And with good reason, the two ...
Truth Social stock takes a tumble as Trump makes his X return. Alex Woodward. August 12, 2024 at 5:09 PM. Shares in Donald Trump ’s social media company fell to their lowest price in months on ...
The company’s price-to-sales ratio – a common way to value stocks – is off the charts when compared with rival social media companies. Since peaking at $66 in late March, Trump Media’s ...