Trump Media Stock Rises Again, Adding Billions to Former President’s Stake

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Trump is the majority shareholder, but other key figures, including Devin Nunes, the former Republican congressman who became TMTG’s CEO in 2022, also stand to gain significantly.

Financial Performance

Financially, TMTG reported a loss of $58 million last year, with only $4 million in revenue from advertising on Truth Social. 

Despite the lack of significant developments at TMTG, the stock’s performance often correlates with Trump’s political fortunes and legal battles. 

For instance, the recent rise in share price coincides with positive developments of Trump’s trial over miscategorized hush-money payments to Stormy Daniels during the 2016 presidential campaign.

Retail and Institutional Investors

TMTG’s market listing through its merger with Digital World Acquisition Corporation has attracted over 400,000 individual investors, many of whom are Trump supporters and Truth Social users.

 Early investors in Digital World have seen significant gains, with the stock trading around $17.50 at the year’s start.