Republican governmental prospect and previous U.S. President Donald Trump speaks throughout a press conference, the day after a guilty decision in his criminal trial over charges that he falsified company records to hide cash paid to silence pornography star Stormy Daniels in 2016, at Trump Tower in New York City, U.S., May 31, 2024.
Brendan Mcdermid | Reuters
Former President Donald Trump’s project debuted an authorities account on TikTok on Saturday night, the social media platform dealingwith a prospective restriction in the U.S.
“It’s my honor,” Trump stated in his initially TikTok post under the dealwith “@realdonaldtrump,” followed by a montage of him waving to crowds at a Saturday Ultimate Fighting Championship program. That post got 1.5 million likes within 10 hours of going online.
Trump’s TikTok rollout came as his own social media business, Trump Media, took a monetary tumble in the wake of the historical decision that foundedguilty the previous president on 34 felony counts in his Manhattan hush cash trial.
Trump Media, the momsanddad business of Truth Social trading under the DJT ticker, was down over 5% at market close on Friday, the day after Trump’s conviction, with shares priced at $49. Immediately following Trump’s conviction on Thursday, the stock was down approximately 15% in extended trading hours.
Trump released Truth Social in early 2022 as an alternative, “non-woke” social media platform after he was prohibited from websites like Twitter and Facebook following the Jan. 6 Capitol riots. Since then, Trump Media hasactually gone public and the previous president now holds a 65% stake in the business.
Truth Social did not rightaway respond to CNBC’s demand for remark about Trump’s relocation to TikTok.
Trump is numerous months lateron than his Democratic challenger, President Joe Biden, whose reelection project introduced on TikTok in Februar