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Yet Wall Street is valuing former President Donald Trump’s social media company at $9 billion, a price tag that has more than tripled in the span of just five weeks.
Of course, those are only paper gains and in practice it would be difficult for Trump to sell much of those shares without tanking the price. And Trump Media’s share price gave back most of ...
“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.
But Trump is the biggest draw for its Truth Social network, posting his “truths” on the social-media platform. How much of the company does Trump own? Trump owned 57.3% of all the company’s ...
An investment company created by two of Truth Social's cofounders has unloaded more than 7.5 million shares in Donald Trump's social media company, marking the first insider transaction since the ...
Donald Trump’s meme stock is booming thanks to a surge in confidence that the former president is on track for a triumphant return to the Oval Office. Momentum seems to be on the side of Trump ...
Donald Trump’s political fortunes are beginning to diverge from his financial ones. Shares in the former president’s social media group plumbed fresh all-time lows on Monday, even as the ...
The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper. Trump's company has said it expects to continue losing money for a while ...