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Trump Media’s Stock Price Sinks to New Low After Insider Lockup Period Expires
Shares of Donald Trump's media company, which runs Truth Social, dropped to their lowest price since they began trading as 'DJT' earlier in 2024.
Shares of Donald Trump ’s social media company, which operates the unprofitable platform, dropped 10.3% Monday to their lowest price since the stock began trading under the ticker symbol “DJT” earlier in 2024. TMTG calls Truth Social a “safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.” Trump formed TMTG in 2021 after the former president had been kicked off Twitter (now called X), Facebook, Instagram, YouTube and other internet platforms, which said he had violated prohibitions against inciting violence in connection with the Jan. 6, 2021, attack on the U.S. Capitol.
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