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“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.
Truth Social's stock market valuation is now greater than the estimated value of Elon Musk’s X as the former president's social media network soars ahead of Election Day.
Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media ...
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 ...
Trump Media/Truth Social is a meme stock, so that's not a total shock. But there are two good reasons why the stock could be under pressure right now. Earlier this year, Donald Trump's social ...
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. [135] 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.
The former president founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump ...
Many right-wing conspiracy theories circulated on social media. "Antifa" became a trending topic after posts on Twitter blamed the shooting on a "prominent Antifa activist", [307] while other posts claimed the perpetrator was Jewish or transgender. [310] A photo of an unrelated transgender woman was claimed on social media to be of Crooks.