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Truth Social stock price surges, increasing Trump’s fortune

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1 month ago

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The parent company of Truth Social, Donald Trump’s much-anticipated social media venture, made its debut on the stock market.

  • Truth Social’s parent company debuts on stock market with a market value of approximately $6.8 billion.

  • Shares of Donald Trump’s social media venture jump by around 30% on their inaugural trading day.

  • Decision on when Trump can access his estimated $5 billion stake rests with the board, comprising his son and former cabinet members.

This long-awaited milestone was met with fervor from investors, with shares of Truth Social‘s parent company soaring by approximately 30% on their first day of trading.

The surge in stock price not only reflects investor optimism surrounding the platform but also marks a significant uptick in Trump’s personal wealth, given his substantial stake in the company, estimated to be around $5 billion.

READ MORE: Trump’s Truth Social begins trading under DJT ticker

However, the pressing question remains: when will Trump be able to capitalise on his sizable investment in Truth Social.  The answer lies in the hands of the board of directors of Truth Social’s parent company.

Comprising a notable lineup, including Trump’s own son, three former members of his administration, and a former congressman deeply involved in defending the former president during his first impeachment trial, this board holds the authority to determine the timing of Trump’s access to his stake.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Why every business needs end-to-end observability

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22 hours ago

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May 8, 2024

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In today’s fast-paced business landscape, organisations often grapple with complex IT systems which hinder operational efficiency.

To overcome the IT system shock, selecting the right vendor partner is crucial – as such, opting for end-to-end “observability” could be the right IT solution.

Observability provides comprehensive insights into every layer of the IT ecosystem to help businesses eliminate tool sprawl and enable proactive maintenance, optimised resource utilisation, and streamlined operations.

Rahul Tabeck, regional sales director ANZ at SolarWinds joins to celebrate the 25th anniversary of SolarWinds and discuss the changes the company has witnessed during their quarter of a century in the IT sector.

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How Google’s Gemini AI will stand against cyber threats

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1 day ago

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May 8, 2024

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AI takes centre stage at the RSA 2024 conference with Google unveiling advanced cybersecurity integration.

Among the myriad of announcements at this years RSA Conference, Google showcased the integration of an advanced Threat Intelligence Platform into its Gemini AI framework.

Tom Finnigan from Talkingbrands.ai joins from the RSA Conference to discuss. #featured #trending

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Can AI revolutionise the fashion industry?

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1 day ago

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May 8, 2024

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OpenAI took centre stage at this year’s Met Gala exhibition, offering a glimpse into the future of fashion and innovation.

This years exhibition theme “Sleeping Beauties: Reawakening Fashion,” will include a chatbot linked to a 1930s wedding gown worn by New York socialite Natalie Potter.

Powered by OpenAI’s GPT-4, the chatbot embodies Potter, answering visitors’ questions about her life and the dress.

Karen Sutherland from the the University of the Sunshine Coast joins to discuss. #featured #trending

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