"Trump Media's Rollercoaster Ride: Stock Soars and Plummets"
TL;DR Summary
Trump Media shares surged by over 10% in early trading following two days of declines on the Nasdaq, with the company's majority shareholder being former President Donald Trump. Despite the increase, the share price remains below its opening price, trading at less than $25 per share. Trump Media, which owns the Truth Social app, has a market capitalization of over $3.4 billion but had revenue of just $4.1 million last year.
- DJT: Trump Media shares rise more than 10% CNBC
- Donald Trump's Truth Social down 70%, meme stock may fall further Business Insider
- Trump’s stock tumbles again after Truth Social announces it’s getting into streaming CNN
- Trump's social media company gets the greenlight to go public The Associated Press
- Why is Trump's Truth Social stock plummeting? ABC News
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