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Trump Media’s Moves
None of this has anything to do with Trump Media’s finances. The company reported profits of more than $4 million last year, but also a loss of $60 million. This kind of disparity would have sunk the company. Trump’s personality contributed to DJT’s 81% rise in 2024. .
For the more sober investors who don’t actively support or oppose the former president and the industry in their emotions, we want to know if this social media company is a smart investment relative to its merits.
X (formerly Twitter) is still struggling to make money after 18 years. Elon Musk monetized the platform through advertising and user fees. Trump Media may be going through a more complicated period.
Truth Social, DJT’s social media platform, had 1. 5 million users in March, according to information from SimilarWeb.
This is a 130% increase since February and is likely due more to the fact that other people wanted to visit Trump’s site when the company began going public. By contrast, X had 115 million users per month.
Still, Truth Social had far more users than Parler or Gab. However, those sites have fallen victim to a conspiracy by Big Tech to restrict access to their sites.
It was once a fast-growing app and was discontinued thanks to the concerted efforts of technology.
However, they will attack the former president again.
Although Trump banned access to social media after squandering the last election, Musk reinstated his privileges after buying the platform and others followed suit.
DJT’s inventory is going to be volatile, at least during the presidential election. If Trump wins the White House in November, it may also extend further. A loss can also put an end to any nascent expansion you may have.
Although Steve Jobs at Apple was not the same, at least in the beginning, the company’s fortunes waxed and waned depending on his presence or absence.
Trump Media
Still, one of the main driving forces of Truth Social was to create a safe area for reviews of options that were forbidden on other social media sites. Now that Musk is a staunch proponent of laid-back speech, the startup site’s momentum has waned.
Traditional media is in decline and has largely sidelined large swaths of its potential audience.
Amid the sharp swings in DJT stock, it’s hard to make the case for an investment here. There is simply too much volatility unrelated to the actual activities of Trump Media.
At the time of publication, Rich Duprey had no position (directly or indirectly) in the securities discussed in this article. The perspectives expressed in this article are those of the author, subject to the rules of publication of InvestorPlace. com.
Rich Duprey has been writing about stocks and making investments for 20 years. His articles have appeared in Nasdaq. com, The Motley Fool, and Yahoo!Finance, and have been referenced in U. S. and foreign publications, such as MarketWatch, Financial Times. , Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and many other media outlets.
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