Lawyers' group slams govt for using 3Rs to justify use of Sedition Act, reminds Pakatan of its previous standThe Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. — Reuters picMARCH 26 — Shares of Trump Media & Technology Group surged more than 45 per cent on Tuesday in their debut on the Nasdaq that comes more than two years since its merger with a blank-check firm was announced.
“The valuation of the business is rich relative to its underlying fundamentals, but I would not get in front of it in the near term,” said Thomas Hayes, Chairman of Great Hill Capital. The deal will inject US$300 million cash to Truth Social, which had lost US$10.6 million from its operations in the first nine months of 2023.
Digital World said in a filing last month that Trump may divest his stake in Truth Social and cease any involvement in its management based on how his bid for president goes.
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