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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.
“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.
Trump's social media company is now worth more than Musk's X after recent surge in stock price. ... 2024 at 3:36 PM. FILE - The stock price for Truth Social is shown at the Nasdaq building on ...
The financially troubled parent of Truth Social now is worth a whopping $8.3 billion, a stunning reversal following September’s historic lows and not far from the estimated $9.4 billion value of ...
The stock closed Wednesday down $1.95 at $16.68 but above the day's low of $15.30. The decline also came after Taylor Swift endorsed Harris for president shortly after the debate ended. Trump Media runs the social media platform Truth Social, which Trump created after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol ...
Shares of Trump Media & Technology Group , 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 ...
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. [137] 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.
At these prices, Trump’s shares are worth about $4.2 billion on paper. For months, Trump Media has served as a proxy for how traders think the election will end.