Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market.with the Trump’s media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking siteTrump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.
Trump’s earlier foray into the stock market didn’t end well. Trump Hotels and Casino Resorts went public in 1995 under the symbol DJT — the same symbol Trump Media will trade under. By 2004, Trump’s casino company had filed for bankruptcy protection and was delisted from the New York Stock Exchange. Trump Media lost $49 million in the first nine months of last year, when it brought in just $3.4 million in revenue and had to pay $37.7 million in interest expenses.including Facebook and Twitter, the platform now known as X, following the Jan. 6 insurrection at the U.S. Capitol. He's since been reinstated to both, but has stuck with Truth Social as a megaphone for his message.