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“The stock price of Truth Social is unconnected to the reality of the financials of the firm. In the first quarter of 2024, the firm lost $327 million on revenues of only $770,500. These aren ...
Two of the original cofounders of Donald Trump’s Truth Social platform have cashed out their stock amid an ongoing feud with the former president. According to a regulatory disclosure published ...
An investment company created by two of Truth Social's cofounders has unloaded more than 7.5 million shares in Donald Trump's social media company, marking the first insider transaction since the ...
Trump founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump has since been ...
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.
In other words, Truth Social has struggled to attract a user base. Nonetheless, Trump Media is still valued at $2.6 billion, which is a lot considering where some much more established media ...
The company behind the Truth Social platform is worth more than $3 billion on Wall Street, and Trump owns more than half of it. ... A stock’s price is supposed to rise and fall with its ...
On February 21, 2022, TMTG released Truth Social, a competitor to social-media platforms such as Twitter, on iOS. Truth Social had trouble hiring due to its political associations. In early April 2022, Reuters reported that the company's head of technology and head of product development had resigned after the network's "troubled" launch. [44]