Trump holds about 60 percent of DJT. At a current price of about $36 per share, Trump Media has a market capitalization of about $7.2 billion.
DJT shares had a frantic trading session on the eve of the election. Trading was halted several times due to volatility, with the shares quickly wiping out the 15% gain and reversing the two-digit percentage gain.
In September, Trump Media's shares traded at their lowest level since the company's debut after the widely publicized stock lockout period ended.
However, stocks recovered from lows as both betting markets moved in favor of Trump's victory.
Trump founded Truth Social after he was taken out of major social networking apps such as Facebook (META) and Twitter, X. He officially returned to posting on X in mid-August 2024.
On Tuesday, DJT released its third quarter/2024 results after the market closed, showing a net loss of $19.25 million as of September 30th. This was lower than the $26.03 million the company had reported in the same period last year.
DJT also reported revenues of $1.01 million, down slightly from the $1.07 million it reported in the third quarter.2023. As of September 30, the company's revenues fell 23% year-on-year.
