After a successful debut on Wall Street last month, shares of Trump Media and Technology Group have fallen. The company’s market value fell from $11 billion at its debut to less than $3.2 billion this Tuesday, when its shares were trading at $22.97 on the Nasdaq index.
However, the value of company shares fluctuates constantly and varies by day.
Shares of DJT – the group’s symbol on Wall Street – fell 12% throughout the day, despite the announcement that Truth Social operators will add a streaming platform to the social network.
Its content will focus on news, religion, and “family” movies, according to the company.
“We want to provide a permanent home for quality news and entertainment that faces discrimination from other networks and content distributors,” CEO Devin Nunes said in the release.
At first, the streaming platform will be available through the Truth Social app, and will later be launched separately, according to the company.
Truth Social, the company’s main asset, was launched by Trump after the unusual far-left political agenda on Twitter that closed the account of the acting President of the United States, today X, and Facebook in 2021.
Source: With information from AFP.
