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Trump Media is ‘a scam’ and people buying its stock are ‘dopes,’ Barry Diller says

Donald Trump, the presumptive Republican presidential nominee, is the biggest shareholder in Trump Media, the owner of the Truth Social app he often uses.

A Trump Media spokeswoman, in response to Diller's comments, said, "It is unsurprising to see die-hard Trump haters and leftwing flacks blow a gasket now that Truth Social has become a public company that, still today, refuses to suppress political expression that contradicts the narratives they want to enforce." When Trump Media began trading last week with the ticker DJT, its share price rocketed up about 50% to nearly $80 before settling down. Trump Media stock surged after its shares began being publicly traded following a merger with a shell company.

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