In September, Truth Social had 698,000 monthly active users in the United States, compared with 70.4 million for X, according to Similarweb, a data tracking site.
Some shareholders — many of them individual investors and supporters of Mr. Trump — took to a Truth Social message board on Wednesday to blast Wall Street traders, accusing it of conspiring to keep a lid on the stock price.
Before the trading day began, it appeared Trump Media shares were poised to rocket higher.
The stock was the most heavily traded in the hours before the official market open and rose as much as 30 percent in early trading.
Swings in Trump Media’s price set off brief trading halts by stock exchanges on Wednesday morning, as they have on other occasions.
Persons:
Elon Musk, Trump’s, Trump —
Organizations:
Social, Mr, Trump, Trump Media
Locations:
United States