Truth Social, the social media platform launched by Trump Media & Technology Group, has been making headlines due to a series of significant developments. The platform faced financial uncertainty and potential collapse following substantial operating losses and doubts about its sustainability. Shareholders of Digital World Acquisition Corp. approved a measure to extend the merger deadline with Trump Media & Technology Group by 12 months, indicating ongoing challenges for the company. Despite these setbacks, the platform attracted a frenzy of interest on its first day of trading, with its value soaring to nearly $8 billion.
Truth Social, also stylized as TRUTH Social, is a proposed social media platform envisioned to provide an alternative to mainstream platforms. It was planned to have a limited launch on Apple's App Store in November 2021, with a full public launch scheduled for 2022. The former president, Donald Trump, holds a majority stake in Trump Media & Technology Group, the company behind Truth Social. Despite facing financial losses, Trump's net worth has reportedly surged to over $7 billion, largely due to his stake in the company. The platform's future remains uncertain, with concerns raised about its ability to continue operating amidst financial challenges.
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The former president has recieved 36 million shares in Trump Media, strengthening his majority stake in the company as a whole
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Trump expressed confidence that strict abortion bans in Arizona and Florida would be changed.
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Less than a week after a flashy stock market debut, Donald Trump’s social media company is disclosing that it lost nearly $58.2 million in 2023
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Trump Media lost nearly $60m last year. So how is it worth billions? We explain the ex-president's windfall.
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Donald Trump's net worth has jumped to more than $7 billion, per Bloomberg, thanks to his large stake in a company that began trading this week.
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Trump Media attracted a frenzy of interest on its first day of trading, and is now worth nearly $8 billion. Here are the basics of what’s happening.
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The former president's majority stake is worth billions on paper and it's understood there may be a way for him to access some of that cash despite so-called lock-up restrictions.
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The long awaited moment hands the former president a stake worth more than $5bn.
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Former National Intelligence Officer Fiona Hill raises concerns over Trump's potential return to the White House.
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Former President Donald J. Trump's social media company, Truth Social, is facing financial uncertainty and potential collapse due to significant operating losses and doubts about its ability to continue as a going concern.
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Shareholders of Digital World Acquisition Corp. approved a measure to extend the merger deadline with Trump Media & Technology Group by 12 months.
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Donald Trump has confirmed he will not join the Republican primary debates, citing his lead in opinion polls as evidence that he is already well-known and liked by voters ahead of the 2024 election.