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The user base of X, the social media network formerly known as Twitter, is more than 100 times bigger than Truth Social’s. Even Threads has 20 times more users than Truth Social, according to ...
“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. These aren ...
Trump Media/Truth Social is a meme stock, so that's not a total shock. ... Trump currently owns about 60% of Truth Social, which means his stake is worth about $2.4 billion. He's been restricted ...
In other words, Truth Social has struggled to attract a user base. Nonetheless, Trump Media is still valued at $2.6 billion, which is a lot considering where some much more established media ...
Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential ...
Until recently the price of Truth Social's parent company, TMTG, has been seen as a barometer of the former president's election chances in November. Trump Media shares crash to record low despite ...
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.
Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like ...