Trump Media Stock Begins Trading Publicly Today

The Associated Press reports:

As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile.

Trump Media debuts with a stock price near $50 and a market value of about $6.8 billion. Many of Digital World’s investors were small-time investors either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors.

They’re betting on a company that has yet to turn a profit. 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.

Read the full article.

“Truth Social is doing well. It’s hot as a pistol. It’s going public. They New York Stock Exchange wants to have us badly. I told them we can’t do the NYSE, you’re treated too badly in New York…The people at the stock exchange are very upset about” NY.

– Trump to @maggieNYT pic.twitter.com/vDCA8wAtqT

— Howard Mortman (@HowardMortman) March 25, 2024