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TMTG stock gained 118% in the last 12 months. Price Action: DJT shares are trading higher by 7.12% to $29.63 premarket at last check on Monday. Disclaimer: ...
The stock had reached an all-time high of $79.38 during their Nasdaq d. Shares of Trump Media & Technology Group, which is majority-owned by former U.S. President Donald Trump, sank to record lows ...
Trump Media & Technology Group Corp. ( TMTG) is an American media and technology company headquartered in Sarasota, Florida. It is 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]
TMTG stock, which is listed on the Nasdaq, gave up most of the gains after the opening bell and closed at $32.75. The stock is down 43% since the company went public March 26.
At $74.80 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first ...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
Following the merger of DWAC into TMTG, the merged company was listed on the NASDAQ stock market under the ticker symbol DJT, after Trump's initials. [20] The share price of the company rose rapidly after the merger, reaching a price that gave the company a nominal value of $4.48bn. [ 186 ]
The stock drop comes on the heels of an updated regulatory filing early ... "TMTG has historically incurred operating losses and negative cash flows from operating activities," the filing read ...