Trump's Truth Social stock is soaring as the company loses money. Here's why. :
abcnews.go.com/Business/trumps-truth-social-stock-soaring-company-losing-money/story
Quick Glance: Trump's Truth Social Stock Surges Despite Company Losses
- Shares of Donald Trump's social media platform Truth Social have seen a significant increase in their first days of trading.
- Despite the company's lack of profit and meager quarterly revenue, it has been valued at over $8 billion.
- Experts suggest that the stock surge is driven more by Trump's political supporters than financial fundamentals.
- While the future of Truth Social remains uncertain in the competitive social media industry, it may serve as a platform for Trump's future media ventures.
Story Details
| Last Updated | Mar 30 |
| Total Articles | 127 |
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usatoday.com/story/money/2024/03/28/truth-social-trump-media-slide/73131957007/
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Trump's Truth Social stock is soaring as the company loses money. Here's why.
: The stock climbed 16% during its first day of public trading.
abcnews.go.com/Business/trumps-truth-social-stock-soaring-company-losing-money/story
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