Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel on August 29, 2024 in Potterville, Michigan.
Trump, the Republican presidential nominee, owns nearly 57% of DJT's outstanding shares.
Shares of Trump Media fell to a new post-merger low Thursday, the day that former President Donald Trump is expected to be able to start selling his nearly $2 billion stake in the owner of social media platform Truth Social .
The company's fortunes are tied up with those of Trump, whose use of Truth Social makes him a main draw to the platform.
Its revenue depends entirely on ad sales, but its lone product, Truth Social, generates just a fraction of the user base of more established social media sites.
Persons:
Donald Trump, Trump, Kamala Harris
Organizations:
U.S, Alro Steel, Trump, Republican, Nasdaq, Trump Media, Democratic
Locations:
Potterville , Michigan