The DJT stock price is increasing. Users are leaving the social media platform associated with Trump.

Anjali Jain
The DJT stock price is increasing. Users are leaving the social media platform associated with Trump.

Early on Friday, Trump Media & Technology Group stock was on the rise in New York, where the former president’s high-profile court case continues.
Following a 10% increase on Thursday, the shares increased 1.1% in premarket trading to $55; they have gained 12% over the past five days. Since March’s end, when it merged with a shell company to enable float-on status, the stock has fluctuated significantly, ranging from a low of $23 to a high of $66.

Similar web, a research firm, reported this week that the company’s media website, Truth Social, is losing users. It was stated that global platform visits are 22.8% lower than they were a month ago. The number of monthly active users on Apple and Android devices decreased by 13.2% to 679,000 in March.

However, the performance of the stock appears to be unrelated to the company. In 2023, Trump Media generated $4.1 million in revenue and incurred a net loss of $58.2 million; therefore, the stock is overvalued by the majority of standard metrics. Potentially more influential on share price fluctuations is sentiment surrounding Donald Trump.

Trump, who is expected to be the Republican presidential nominee in the upcoming election, possesses ownership of over 60% of Trump Media. Five months remain until he can divest his stake in accordance with the terms of the tie-up agreement.

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Hello, I'm Anjali Jain, a passionate writer navigating the dynamic realms of entertainment, politics, and technology. My blog serves as a digital canvas where I explore the intricate threads that weave together these diverse spheres, offering readers a comprehensive and engaging perspective. Entertainment Aficionado: As an avid consumer of all things entertainment, I delve into the worlds of movies, television, music, and more. Through my blog, I share insightful analyses, reviews, and behind-the-scenes glimpses into the ever-evolving landscape of pop culture. Political Explorer: I'm not one to shy away from the complexities of the political arena. From local issues to global affairs, my writings aim to unravel the intricacies of political events, fostering meaningful conversations about the societal impact of policy decisions. Tech Enthusiast: With an insatiable curiosity for technology, I keep my readers abreast of the latest innovations and trends in the tech world. My articles break down complex concepts, making technology accessible and exploring its profound influence on our daily lives. Narrative Architect: Through my writing, I craft narratives that bridge the gap between entertainment, politics, and technology. Each blog post is a journey, offering readers a thought-provoking exploration of the forces shaping our world. Join me in unraveling the stories that define our culture. Connect with me on Facebook, Instagram and X for real-time updates, discussions, and a shared passion for the fascinating intersection of entertainment, politics, and tech.

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