STOCK MARKET: “Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company’s stock continues to sink lower…
It was not clear whether Trump was urging his supporters to use the app or buy shares in Trump Media, which started publicly trading on the Nasdaq last month.
The stock, which trades under the ticker DJT, shot up more than 50% in its March 26 debut but has tumbled lower in subsequent trading days.
Trump Media’s share price on Friday morning dipped below $30, a decline of more than $40 from its roaring start.”
-Kevin Breuninger, “Trump tries to boost support for Truth Social as DJT stock tanks,” CNBC.com, April 12, 2024