But the stock price has slowly been coming back down and as of April 2023, is around $13 per share. At this share price, the company has a market cap of about $500 million. It’s reported that Truth Social has boosted Donald Trump’s net worth byup to $430 million, taking his for...
The movement in Trump Media's share price will have been backed by Trump supporters. But it will also have attracted some investors who simply wanted to partake in this share rally, even if they do not share Trump's political views. The desire to make money quickly is one of the main d...
DJT closed at $22.84 per share, 14.17% lower than the opening price. The stock's price has dropped by a whopping 67.7% since Trump Media began trading as a public company on March 26, erasing more than $5 billion in market capitalization. Trump Media's majority sha...
Trump Media & Technology Group (TMTG), the company behind Truth Social, went public Tuesday after merging with shell company Digital World Acquisition in a deal known as a special purpose acquisition (SPAC). Shares jumped more than 50% during a volatile first day of trade, before ending the ...
“It’s unlikely that Truth Social will rival mainstream social media platforms any time soon. For many users, Trump is what draws them to Truth Social. For many more, it’s what keeps them away,” says Muenster. “But more importantly, it will be hard for it to rival X be...
Shares in the public company peaked at $66 in April, with analysts comparing the company to so-called "meme stocks" like AMC and GameStop, whose share prices surged based oninvestor enthusiasmrather than financial metrics. By the summer, Trump Media's stock price lingered ...
Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. In a letter disclosed on Wednesday, Devin Nunes, the CEO of Truth Social owner Trump Media (DJT), alerted the GOP Chairmen of the Hou...
Truth Social, whose advertising is the sole revenue stream for its parent company Trump Media, saw its share price plummet by 21 percent on Monday, but stabilized by Tuesday, according toBloomberg. That volatility is likely because its much-hyped launch last week was given a reality check by...
Beyond the Trump Media’s weak fundamentals, analysts have said there are likely other factors behind the company’s shrinking share price. Tuttle argues the fact that Vice President Kamala Harris is neck-and-neck with Trump in some polls is a major catalyst. Indeed, Trump Media has lost ...
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