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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 ...
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 45th and 47th U.S. president Donald Trump. [7] It has been called a " Twitter clone" that competes with Parler, Gab, and Mastodon in trying to provide ...
Trading of the new company under the ticker symbol “DJT” on the Nasdaq Stock Market is set to begin on Tuesday, the companies said. Devin Nunes, the CEO of the combined company, said in a ...
The combined company began trading under the symbol DJT and finished the day with an $8 billion valuation. [8] [33] In regulatory filings, Lighthizer and McMahon are listed as independent directors. [34] [35] An April 1, 2024, SEC filing revealed that TMTG lost over $58 million in 2023 with only $4 million in advertising revenue from Truth Social.
Former President Donald Trump lashed out at the Nasdaq over a routine trading halt in shares of his social media company and even threatened to move the listing to the New York Stock Exchange.
Trump Media & Technology Group runs the social media platform Truth Social. Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold. The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company.
Shares of Trump's Truth Social parent company, which started trading as the ticker symbol DJT in late March, have tumbled in recent months. Trump Media stock falls below $20 for first time Skip to ...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.