Despite Low Revenue From Truth Social

Trump Media Technology Group Now Valued at Over $6 Billion

Despite Low Revenue from Truth Social

Trump Media Technology Group Corp. (TMTG), the former president's social media company, has seen its valuation soar to over $6 billion, despite low revenue from its flagship platform, Truth Social.

Opening Bell Jump

On Friday, shares of TMTG surged 5% at the opening bell after the company released its first earnings report. The report revealed that Truth Social generated just $33 million in revenue in its first quarter of operation.

Market Debut Success

Earlier this week, TMTG shares made a successful debut on the New York Stock Exchange. The stock rose significantly, indicating investor interest in the company despite the low revenue figures.