Truth Social Soars Nearly 50% , in First Day on Nasdaq.
The former president's social media company began trading on the Nasdaq on March 26, AP reports.
.
Digital World Acquisition Corp.
Acquired Trump Media & Technology Group Corp., which runs Truth Social, on March 25.
Trump Media has taken the place
of Digital World on the Nasdaq.
.
On March 25, Trump said, "Truth Social is doing
very well.
It's hot as a pistol and doing great.".
Trump Media's market value was roughly
$6.8 billion prior to trading, AP reports.
.
Shares were up 47% at $73.50
just before 10 a.m.
ET.
Truth Social's ticker symbol is "DJT.".
Trump launched Truth Social in 2022 after being banned from Twitter and Facebook.
.
The social media platform had approximately 5 million users in February, according to research firm Similarweb.
Investors could be in for
a bumpy ride, AP reports.
In a regulatory filing, Trump Media said that it āis highly dependent on the popularity and presence of President Trump.ā.
If Trump were to distance himself from the
company, perhaps for reasons such as campaigning
for presidency, Trump Media āwould be
significantly disadvantaged,ā the filing states.
.
Similarly āan adverse outcome in
one or moreā of the cases in which the
former president is embroiled could harm
the success of Trump Media and Truth Social.
Donald Trump is bestowing a new honor on his most vocal celebrity supporters ... tapping Jon Voight, Mel Gibson, and Sylvester Stallone as Hollywood's new.. TMZ.com
US President-elect Donald Trump shared a controversial video on Truth Social, featuring economist Jeffrey Sachs, who criticized Israeli Prime Minister Benjamin Netanyahu for manipulating US foreign policy. Sachs accused Netanyahu of pursuing a strategy since 1995 to eliminate Hamas and Hezbollah, which he claims led to endless wars. The post comes amidst ongoing diplomatic efforts for a truce and Trumpās own threats regarding hostages held in Gaza. Trump had previously supported Netanyahu during his presidency, including recognizing Israelās sovereignty over the Golan Heights in 2019.
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Donald Trump is making waves once again, this time with a bold challenge to the UKās green energy ambitions. In a post on his social media platform, Truth Social, the U.S. President-elect called on the UK to "open up the North Sea" and "get rid of windmills"āa direct attack on the UK's growing reliance on wind power. His remarks come in the wake of new tax increases targeting North Sea oil and gas producers and highlight the tensions surrounding the UK's energy strategy. With Trumpās bold stance, what does the future hold for the UK's energy policy?
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In a surprising turn of events, U.S. President-elect Donald Trump accidentally leaked a private text message to Elon Musk on Truth Social, revealing plans for a New Yearās Eve celebration at Mar-a-Lago. The leaked message detailed Trumpās invitation to Musk and mentioned a special request from Microsoftās Bill Gates to join the festivities. In addition, Trumpās playful reference to Muskās son, āX,ā caught the attention of social media users. Watch to learn more about this unexpected leak and the surprising details of Trump and Muskās ongoing friendship.
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At his inauguration, President Donald Trump introduced his youngest son, Barron Trump, crediting him with shaping the campaign's youth strategy. Trump claimed Barronās insights helped him win the youth vote by an impressive 36 points. The presidentās acknowledgment highlighted Barronās growing influence within the Trump family. Barron, 18, stood out as a towering figure at the ceremony, drawing attention for his reserved demeanor. Trump's remarks underscored the importance of connecting with younger voters in shaping his electoral success.
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