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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 ...
The company’s price-to-sales ratio – a common way to value stocks – is off the charts when compared with rival social media companies. Since peaking at $66 in late March, Trump Media’s ...
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.
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. [134] 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.
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 ...
Trump Media & Technology Group Corp. ( TMTG) is a Sarasota, Florida based, American media and technology company best known as the owner of Truth Social and for being primarily owned by former U.S. president Donald Trump. It also plans to launch a subscription based streaming service called TMTG+. [ 4]
The Truth Social stock remains wildly overvalued. Former president Donald Trump speaks to the media during a pre-trial hearing on March 25, 2024 in New York City.
The parent company of Donald Trump’s Truth Social platform started ... $70 and finishing on $57.99 as the Nasdaq’s ... the stock price will eventually drop to $2 a share and could even go ...