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Similar movements happened to TMTG stock in the immediate aftermath of Trump’s election win. The stock shot up , then came back down. On Tuesday, shares of TMTG fell to $35.31 a share as of the ...
On Monday (Oct. 14), TMTG’s stock price closed up 18.5%, to $29.95 per share. ... Trump formed TMTG in 2021 after the former president had been kicked off Twitter (now called X), Facebook ...
The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late.
After all, the broad stock market rose under the last Trump administration and has risen under the Biden administration as well." The benchmark S&P 500 edged up 0.5%, nearing a record high.
The stock is now trading at $36.30 a share. Trump Media and Technology Group (TMTG) is the holding company that owns Truth Social, the upstart social media platform that former President Donald ...
Trump's majority stake in TMTG was last valued at $5.89 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding. ... TMTG's stock ...
The company's board includes Trump's son Donald Trump Jr., Nunes, and former Trump administration officials Robert Lighthizer, Kash Patel, Linda McMahon, and Scott Glabe. Devin Nunes resigned from the U.S. House of Representatives in December 2021 and became the TMTG's chief executive officer in January 2022. [21] [22]
Trump entered into the lock-up agreement in March, when TMTG merged with a shell company named Digital World Acquisition Corp. and took its place on the Nasdaq stock market. Trump does not run TMTG.