12%of all U.S. social media users have used or visited the Truth Social platform Just under70%of current Truth Social users say they’ll stay on the social media platform 77%of Democrat voters said they’d never use the platform Over60%of women said they would never use Truth Social Th...
The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Trump’s Truth Social looks set to hit Wall Street in a move that could give him stock worth billions of dollars on paper. But the former president lik...
Trumpwrote"I LOVE TRUTH SOCIAL" on the platform, echoing the sentiment of "I just like the stock" from the GameStopsharerally that occurred in January 2021. For those who do not remember the GameStop case, shares in the Texan computer gamesretail chainexperienced an unprecedented surge in p...
The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper.
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A spokesperson for TMTG firmly dismissed claims that the share price move defied logic when contacted by CNBC. Truth Social lost $10.6 million in the first nine months of 2023 onrevenuesof $3.4 million. According to Semafor, the company has now lost at least$57 millionsince its inception in...
Investors who own DWAC stock will receive one share of the new company for each share of DWAC they owned, according to a regulatory filing. With about 136 million shares outstanding after the merger, the new business could have a valuation of $5.4 billion, based on DWAC's current price. ...
However, a source tells Axios that Truth Social is very aware of the issue and it relates to incitement and threats of physical violence found on the right-wing social media platform. "On Aug. 19, we notified Truth Social of several violations of standard policies in their current app submis...
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Shares of Donald Trump’s social media company rose about 16% in the first day of trading, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former presiden