Trump Media Faces Decline Following Public Endorsement of Truth Social

Thursday, 4 April 2024, 17:42

Trump Media Group's stock experiences a downturn after former President Trump publicly supports Truth Social, a new social media platform. Meanwhile, TMTG announces that it currently has no plans to disclose typical social media company metrics.
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Trump Media Faces Decline Following Public Endorsement of Truth Social

Trump Media Group Stock Decline

Trump Media & Tech Group (TMTG)'s stock price has plummeted in response to former President Trump's endorsement of Truth Social, a new social media platform aimed at providing an alternative to mainstream social media sites. This development has raised concerns about the future performance of TMTG amidst increasing competition in the social media space.

Lack of Transparency

TMTG has stated that they do not currently plan to disclose key performance metrics commonly provided by social media companies, leaving investors and analysts in the dark about the company's financial health and growth prospects.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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