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Trump media company, parent of Truth Social, begins trading on Nasdaq

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Trump himself owns 58 percent of the shares in the company.

Former President Donald Trump arrives to speak during a"Get Out The Vote" rally at the Forum River Center, March 9, 2024, in Rome, Ga.For approximately $70, you can now own a share of the company behind former PresidentTrading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week'sThe company’s market capitalization is approximately $2.7 billion.

In public statements, Trump Media CEO Devin Nunes has expressed confidence in the long-term success of the social media platform. Former President Donald Trump arrives to speak during a"Get Out The Vote" rally at the Forum River Center, March 9, 2024, in Rome, Ga.Trump Media has a long road before it reaches profitability, according to a recent SEC filing, and most new social media companies face a low likelihood of success. In the first nine months of 2023, Trump Media brought in less than $3.4 million in revenue while losing $49 million.

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Breitbart Business Digest: The Truth About Trump’s Truth Social WindfallSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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