{"id":2206828,"date":"2024-03-26T17:48:02","date_gmt":"2024-03-26T21:48:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-truth-social-skyrockets-on-first-trading-day-in-major-boost-to-former-president\/"},"modified":"2024-03-26T17:50:55","modified_gmt":"2024-03-26T21:50:55","slug":"trumps-truth-social-skyrockets-on-first-trading-day-in-major-boost-to-former-president","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-truth-social-skyrockets-on-first-trading-day-in-major-boost-to-former-president\/","title":{"rendered":"Trump&#8217;s Truth Social experiences significant growth on its debut trading day, providing a substantial lift to the former president"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrumps-truth-social-skyrockets-on-first-trading-day-in-major-boost-to-former-president%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2206828&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The summary provided includes a link to the Washington Examiner (https:\/\/www.washingtonexaminer.com\/tag\/do) and refers to a section about the\u2064 former \u200bPresident. There is a &#8220;Read more&#8230;&#8221; button \u200bthat triggers\u200c the showReadMore() function and reveals additional content under \u2063the &#8220;more&#8221; span, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meghan-markle-2014-blog-debunks-claims-made-during-oprah-interview-report\/\" title=\"Meghan Markle 2014 Blog \u2018Debunks\u2019 Claims Made During Oprah Interview: Report\u00a0\">specifically mentioning<\/a> a data block identified by &#8220;tdi_78&#8221; and containing information about the former President.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>Former President<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title> Donald Trump\u2019s<\/a> media company, Trump Media, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/for-the-seventh-month-in-a-row-american-households-say-they-expect-inflation\/\" title=\"For The Seventh Month In A Row, American Households Say They Expect Inflation\">rose sharply<\/a> in price during its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bumble-shares-close-up-63-5-after-stock-market-debut\/\" title=\"Bumble shares close up 63.5% after stock market debut\">stock market debut<\/a>.<\/p>\n<p>On its first day, Trump Media, the parent company of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/truth-social\/\" target=\"_blank\" rel=\"noopener\" title>Truth Social<\/a>, was valued at <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-center-for-renewing-america-decries-the-8-billion-in-omnibus-earmarks\/\" title=\"Exclusive: Center for Renewing America Decries the  Billion in Omnibus Earmarks\">roughly  billion<\/a>, greater than respected companies such as Mattel and Western Union. The former president holds 60% of the stock in Trump Media, making him the primary beneficiary of the good market performance, the <em>New York Times<\/em><a href=\"https:\/\/www.nytimes.com\/2024\/03\/26\/business\/trump-media-stock.html\" target=\"_blank\" rel=\"noopener\" title> reported<\/a>.<\/p>\n<figure><figcaption>The stock price for Truth Social is shown at the Nasdaq building Tuesday, March 26, 2024, in New York. (AP Photo\/Frank Franklin II)<\/figcaption><\/figure>\n<p>According to the outlet, a frenzy of interest in the company\u2019s stock caused trading to be briefly halted due to extreme volatility. However, by the end of the first trading day, Trump Media\u00a0closed at $57.99, a gain of 16%.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>Trump helped create Truth Social after he was banned from Twitter, his favorite mouthpiece for about a decade, in the aftermath of the Jan. 6 Capitol riot. Though his ban was rescinded after Tesla CEO Elon Musk bought the outlet, he has decided to stay with Truth Social.<\/p>\n<p><a href=\"https:\/\/www.pbs.org\/newshour\/politics\/what-to-know-about-truth-social-trumps-social-media-platform#:~:text=Nonetheless%2C%20research%20firm%20Similarweb%20estimates,instance%2C%20by%20Meta's%20own%20reporting.\">According to<\/a> research firm Similarweb, Truth Social has about <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-europes-crackdown-on-big-tech-could-affect-the-united-states\/\" title=\"Impact of Europe's Big Tech crackdown on the US\">5 million active users<\/a>. X, formerly known as Twitter,<a href=\"https:\/\/backlinko.com\/twitter-users\"> has<\/a> around 500 million.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During its stock market debut, Trump Media, led by former President Donald Trump, surged in value. The parent company of Truth Social, Trump Media, was initially valued at around $8 billion on its first day of trading, surpassing renowned firms like Mattel and Western Union. Notably, the former president retains a 60% stake in Trump Media<\/p>\n","protected":false},"author":2653,"featured_media":2206829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24086517223407-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2206828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24086517223407-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2206828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2206828"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2206828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2206829"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2206828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2206828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2206828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}