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‘Meme stock’ The actual value of the new company is likely around $2 per share, more than 90% below its current share price, Jay Ritter, a finance professor at the University of Florida, told ...
The parent company of Donald Trump’s Truth Social platform started trading on Wall Street on Tuesday, with its shares appearing under the ticker “DJT” and priced at $78.. Their value ...
Truth Social. Truth Social (stylized as TRUTH Social) is an alt-tech [ 4][ 5][ 6] social media platform owned by Trump Media & Technology Group (TMTG), an American media and technology company majority-owned by former U.S. president Donald Trump. [ 7] It has been called a " Twitter clone" that competes with Parler, Gab, and Mastodon in trying ...
At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion. The former president founded Truth Social after he was kicked off major social media apps like Facebook and ...
After Elon Musk disclosed his large stake in and intent to buy out Twitter in April 2022, holding company DWAC lost 44% of its stock value. Matthew Kennedy, a market strategist at Renaissance Capital , said that the buyout was troubling for Digital World as a Musk-owned Twitter would undercut the rationale behind Truth Social's existence.
On July 1, ORTEX, a financial intelligence and analytics firm based in London, estimated that DJT’s short interest was 7.16 million shares. By July 12, its estimate rose to only 8.86 million ...
Shares in Trump Media, which runs the Truth Social platform, closed up about 31%. The price had risen as much as 70% in pre-market trading over the weekend before falling back again.
March 25, 2024 at 10:59 AM. Charly Triballeau. Donald Trump's media company is set to make its debut on the stock market Tuesday, a development that could generate a windfall for the cash-strapped ...