Trump just made $500 million with a single Truth Social post
1 month, 2 weeks ago

Trump just made $500 million with a single Truth Social post

CNN  

CNN — President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. At Friday’s market open, in what was likely a classic “buy the rumor and sell the news” trade, shares of Trump Media and Technology Group had fallen 42% since their recent peak shortly after Wednesday’s open. But then, a half-hour into trading Friday, when shares were down again, Trump sent out a Truth Social post about the company’s stock: “There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth. That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product.

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History of this topic

Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust
1 day, 22 hours ago

Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust

Live Mint  

US President-elect Donald Trump has transferred all his stake in Trump Media & Technology worth over $4 billion to a revocable trust of which he is the sole beneficiary. According to the Securities and Exchange Commission filing, Trump transferred 114.75 million shares, or 53% of Trump Media & Technology’s outstanding stock, worth around $4 billion on paper, in the parent …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
1 week ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans
2 weeks, 4 days ago

Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans

Live Mint  

Bitcoin price, the price of the world's largest cryptocurrency, has broken its $100,000 ceiling for the first time, hitting an all-time high on December 5 amid steps from United States President-elect Donald Trump which show his backing for the sector. I believe Bitcoin will continue to shape the future.” Mike Novogratz, founder and CEO of crypto firm Galaxy Digital told …

Will Trump 2.0 Cabinet's net wealth shatter 2016 record? The astounding fortunes of his ‘Richie Rich’ nominees revealed
3 weeks, 1 day ago

Will Trump 2.0 Cabinet's net wealth shatter 2016 record? The astounding fortunes of his ‘Richie Rich’ nominees revealed

Hindustan Times  

President-elect Donald Trump is poised to build the wealthiest cabinet in American history, with several billionaires, including Tesla CEO Elon Musk, contributing to the cabinet's total net worth of almost $9 billion. Trump established the previous record in 2016 when his first cabinet maintained a $6 billion total net worth. Let's take a look at Trump's incoming cabinet members' remarkable …

Bitcoin at over $89,000, soars above pre-pandemic peak amid Donald Trump win
1 month, 1 week ago

Bitcoin at over $89,000, soars above pre-pandemic peak amid Donald Trump win

Hindustan Times  

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. Donald Trump's stance is a sharp break from a crackdown on the divisive industry by the Securities & Exchange Commission under President Joe Biden’s administration The largest token …

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor
1 month, 2 weeks ago

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor

Raw Story  

Former President Donald Trump proclaimed Friday that he has "no intention of selling" his shares in Truth Social, the online platform he created as a Twitter clone, and any rumors to the contrary are "false." Much like his former hotel in Washington, D.C. that he owned going into his first presidential term, this poses enormous corruption issues for his second, …

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
1 month, 2 weeks ago

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory

Hindustan Times  

Former US President Donald Trump has finally broken his silence on social media following his recent election victory, addressing speculation around his investment in Truth Social, the platform he founded after his Twitter ban in early 2021. REUTERS/Jonathan Drake/File Photo Earlier rumors had circulated that Trump might sell shares in Truth Social, which he strongly refuted in a statement, calling …

Trump promises he won't sell Truth Social shares, calls for investigation into rumors
Trending News
1 month, 2 weeks ago

Trump promises he won't sell Truth Social shares, calls for investigation into rumors

Salon  

Donald Trump promised not to sell off shares of Truth Social's parent company and called for an investigation into rumors that he would on Friday. Trump's commitment to his stock came in a post to his social media platform, his first written post to the site since his election victory. "There are fake, untrue, and probably illegal rumors and/or statements …

'Truth Social is dead in the crib' after election win: analyst
Trending News
1 month, 2 weeks ago

'Truth Social is dead in the crib' after election win: analyst

Raw Story  

Donald Trump's Truth Social platform may have its future as a viable — yet money-losing — site impacted now that the former president is headed back to the Oval Office, according to an analyst. He added that the Trump win could end up being his Truth Social investor's loss – particularly if he sells off a substantial amount of stock …

Truth Social: Why Trump being president again is horrible for his social media company.
Top News
1 month, 2 weeks ago

Truth Social: Why Trump being president again is horrible for his social media company.

Slate  

At least the stock market is happy about the election. One big mover on Wednesday, though, was nonsense: Trump’s social media company, Trump Media and Technology Group, rose by 6 percent, beating an already hot market. Although his victory has already been good for Trump Media stock, his return to power is unambiguously horrible for Truth Social’s actual business. But …

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
1 month, 2 weeks ago

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win

Live Mint  

Tesla CEO Elon Musk’s wealth surged by $26.5 billion, over 12 per cent, to reach $290 billion shortly after Donald Trump secured a landslide victory in the US presidential election. According to the latest data from the Bloomberg Billionaire Index, Musk’s net worth jumped immediately on Wednesday, November 6, after the electoral victory of the Republican candidate. Elon Musk has …

Trump made world's wealthiest top 10 richer by $64 bn with his election win
Trending News
1 month, 2 weeks ago

Trump made world's wealthiest top 10 richer by $64 bn with his election win

Firstpost  

Elon Musk, the world’s wealthiest person, saw the biggest jump, with his fortune rising by $26.5 billion to a total of $290 billion, according to a report The wealth of the world’s 10 richest individuals comprising mostly US tech billionaires saw a record surge following Donald Trump’s victory in the presidential election, according to a report. Elon Musk, the world’s …

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory
1 month, 2 weeks ago

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory

India Today  

Elon Musk’s net worth soared by a staggering $26 billion after Donald Trump’s recent victory in the US presidential election ignited a rally in Tesla shares. Musk, the world's wealthiest individual and an ardent supporter of Donald Trump became a focal point during Trump’s victory rally in Florida. Trump praised Musk in front of a massive crowd, hailing him as …

Donald Trump’s victory triggers rally in bank stocks; Tesla soars 15%, Trump Media shares triple in value since Sept
1 month, 2 weeks ago

Donald Trump’s victory triggers rally in bank stocks; Tesla soars 15%, Trump Media shares triple in value since Sept

Live Mint  

Donald Trump's second victory in the US Presidential Elections in 2024 boosted equity markets on Wednesday, November 6, driven by bets on lower corporate tax rates, favourable tariffs, and deregulation, lifting shares of banks, locally focused small-cap companies, and Trump-related stocks. Follow Live Updates: US Election Results 2024 LIVE: Harris concedes 2024 race, congratulates Trump Wall Street Today: Trump-related stocks …

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss
1 month, 2 weeks ago

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

Associated Press  

NEW YORK — The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency. Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than $12 million in legal fees, along with …

Trump's victory speech praise for Musk 'makes Elon $15 BILLION': Tesla shares soar after Donald hails 'genius'
Trending News
1 month, 2 weeks ago

Trump's victory speech praise for Musk 'makes Elon $15 BILLION': Tesla shares soar after Donald hails 'genius'

Daily Mail  

Elon Musk's wealth is set to rise by around $15billion as Tesla shares soared amid Donald Trump's election victory. Elon Musk and Donald Trump pictured at a rally together in Butler, Pennsylvania, on October 5 President Donald Trump takes the stage to address supporters at his rally on November 6 Investors welcomed the prospect of a Trump victory as Wall …

Tesla shares surge 14% in premarket trading as Donald Trump claims US election win, hails ’super genius’ Elon Musk
1 month, 2 weeks ago

Tesla shares surge 14% in premarket trading as Donald Trump claims US election win, hails ’super genius’ Elon Musk

Live Mint  

Shares of billionaire Elon Musk's Tesla surged 14.62 per cent to $288.38 as of 5:24 a.m. in the pre-market trading session on Wednesday, November 6, with the expectation of a win for Republican candidate and former US President Donald Trump. The shares started gaining momentum after Donald Trump appreciated Elon Musk at an election party in West Palm Beach, Fla., …

Trump Media share price surge 40% overnight on Robinhood amid speculation of Donald Trump’s election win
1 month, 2 weeks ago

Trump Media share price surge 40% overnight on Robinhood amid speculation of Donald Trump’s election win

Live Mint  

Shares of Trump Media & Technology Group, the social media company founded by former U.S. President Donald Trump, surged as early results from the U.S. presidential election began to roll in. Trump Media & Technology Group Corp.'s stock is often seen by investors as a barometer for Donald Trump’s political prospects, especially as he seeks re-election in a closely contested …

DJT: Trump’s social media stock spikes after victory, making him $1 billion richer
Trending News
1 month, 2 weeks ago

DJT: Trump’s social media stock spikes after victory, making him $1 billion richer

CNN  

New York CNN — Donald Trump didn’t just win the White House. Truth Social owner Trump Media & Technology Group, Trump’s social media company, is skyrocketing in value this morning after CNN and other media outlets projected Trump won the election. Trump Media’s stock, which trades under the ticker symbol “DJT,” spiked 35% in premarket trading, implying an astounding market …

Donald Trump’s fortune to jump by $1.4bn
1 month, 2 weeks ago

Donald Trump’s fortune to jump by $1.4bn

The Telegraph  

Truth Social, which functions similarly to Twitter, has largely been seen as a microphone for the Republican candidate and former president. Although Mr Trump has recently started posting regularly on the app, now called X, he continues to post frequently on Truth Social. On Tuesday night TMTG published quarterly results showing it brought in revenue of just $1.01m in the …

Trump Media Posts Lackluster Quarterly Sales as Losses Pile Up
1 month, 2 weeks ago

Trump Media Posts Lackluster Quarterly Sales as Losses Pile Up

Live Mint  

Donald Trump’s media company continued to lose money in the third quarter as revenue trickled in during the months ahead of Tuesday’s election. Trump Media & Technology Group Corp., which was worth $7.4 billion at Tuesday’s close, reported a net loss in the three months ending Sept. 30 of $19.2 million and net sales of just over $1 million, a …

From DJT shares, crypto to real estate - where does Donald Trump’s net worth come from
1 month, 2 weeks ago

From DJT shares, crypto to real estate - where does Donald Trump’s net worth come from

Live Mint  

Donald Trump, real estate mogul and former US president, has seen his wealth skyrocket to $6.7 billion as of November 5, 2024, largely driven by investments in the volatile DJT stock from his Trump Media & Technology Group, according to Forbes. Fred Trump's influence: Forbes 400 debut The bulk of Trump’s wealth remains rooted in real estate, an industry he …

Trump's Social Media Stock Soars as Election Looms
Trending News
1 month, 2 weeks ago

Trump's Social Media Stock Soars as Election Looms

CNN  

Trump's social media company, Truth Social, is experiencing a surge in popularity as the United States approaches the polls. Shares of the company have gained 13% on Tuesday morning, representing a rebound from recent losses. This surge has been attributed to the upcoming election and the potential impact it could have on the outcome of the White House race. However, …

Trump loses $1.3bn in net worth after his social media stock tanks
1 month, 3 weeks ago

Trump loses $1.3bn in net worth after his social media stock tanks

The Independent  

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Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble
1 month, 3 weeks ago

Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble

Salon  

Former President Donald Trump's net worth has plunged by more than $1 billion this week, triggered by a stock crash at Truth Social parent company Trump Media & Technology Group. The shares, representing a company that boasted an annual revenue of just $4.1 million last year, have acted as a speculative vehicle for Trump's prospects, with the presidential nominee holding …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
1 month, 3 weeks ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
1 month, 3 weeks ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Trump Media shares halted five times on Tuesday morning amid volatile trading
1 month, 3 weeks ago

Trump Media shares halted five times on Tuesday morning amid volatile trading

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

'What idiots we are': Truth Social users lose hundreds of thousands of dollars to scammers
2 months, 2 weeks ago

'What idiots we are': Truth Social users lose hundreds of thousands of dollars to scammers

Raw Story  

A new report has published detailed complaints from users of former President Donald Trump's Truth Social app describing how they were fleeced by the site's hordes of scammers — including some who lost six-figure sums. According to Gizmodo' tech reporter Matt Novak — who filed a Freedom of Information Act request to the Federal Trade Commission seeking complaints about scams …

'Terrible Run': Report reveals staggering amount Truth Social has lost
2 months, 4 weeks ago

'Terrible Run': Report reveals staggering amount Truth Social has lost

Raw Story  

Former President Donald Trump’s Truth Social media company has lost nearly 75 percent of its value in recent months as investors hedged their bets on his presidential campaign and stock prices tumbled, according to a new analysis. "Investors’ fears that Trump’s chances at winning a second term in the White House are diminishing, as well as concerns that the ex-president …

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
3 months ago

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling

Raw Story  

Former President Donald Trump can now start selling his Truth Social stock after a 6-month "lock-up" period has finally expired. When Trump Media and Technology Group — trading as Trump's initials, $DJT, on the Nasdaq Composite — launched its initial public offering in late March, one share would set an investor back by almost $71. But his majority stake, which …

Trump media plummets to new lows, ex-president can now sell shares of DJT
3 months ago

Trump media plummets to new lows, ex-president can now sell shares of DJT

Hindustan Times  

Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever at the opening bell Friday, the first day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform. Trump owns nearly 115 million shares of the company, according to filings with the Securities and …

Donald Trump can start selling his nearly $2billion worth of shares in his media company. But will he?
3 months ago

Donald Trump can start selling his nearly $2billion worth of shares in his media company. But will he?

The Independent  

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Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
3 months ago

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?

NPR  

Truth Social reaches a tricky milestone. The parent company of Truth Social, the social media company majority-owned by former president Donald Trump, is turning a complicated corner on Thursday. "The stock price of Truth Social is like his crowd size," said professional investor Matthew Tuttle, in a reference to Trump's ongoing fixation with the attendance at his rallies and other …

Trump Media stock jumps after former president says he won’t sell shares when lockup expires
3 months, 1 week ago

Trump Media stock jumps after former president says he won’t sell shares when lockup expires

Associated Press  

NEW YORK — Shares of Trump Media & Technology Group Corp. jumped Friday after former President Donald Trump said he won’t sell shares of the social media company. Trump owns nearly 115 million shares of the company, according to a recent filing with the Securities and Exchange Commission. The former president can start selling shares of Trump Media, the parent …

Trump’s $2B decision: Former president vows to hold onto social media venture stock
3 months, 1 week ago

Trump’s $2B decision: Former president vows to hold onto social media venture stock

Politico  

“I don’t need money,” Trump said during a press conference in California, in response to a question. “I have absolutely no intention of selling.” He added: “We built this platform, and the reason I built it was I don’t want to have my voice shut down.” The $2 billion question of whether Trump will sell has hung over Trump Media …

Truth Social stock plunges by more than 15 percent after widely panned Trump debate
3 months, 1 week ago

Truth Social stock plunges by more than 15 percent after widely panned Trump debate

Raw Story  

Shares in former President Donald Trump's Trump Media and Technology Group, the parent company of his Truth Social network, took a nosedive in early trading on Wednesday, plunging by more than 15 percent shortly after the opening bell on Wall Street. The dive in Truth Social shares came after Trump delivered a widely criticized debate performance against Vice President Kamala …

Shares in Trump's media company have plummeted 74% since their peak this spring
3 months, 2 weeks ago

Shares in Trump's media company have plummeted 74% since their peak this spring

Salon  

Trump Media & Technology Group, the social media company that owns Truth Social and is itself majority-owned by one of its most avid users, former President Donald Trump, reached its peak value in March after merging a with publicly traded shell company. Trump, who owns 115 million shares, about 60% of the company, saw his Trump Media stake reduced in …

Trump’s Truth Social parent company stock price falls to all-time low
3 months, 2 weeks ago

Trump’s Truth Social parent company stock price falls to all-time low

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stock in Donald Trump’s media company hit its lowest level …

Why Trump might have trouble cashing in on Truth Social billions
3 months, 3 weeks ago

Why Trump might have trouble cashing in on Truth Social billions

The Independent  

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'Rats jumping off a sinking ship': Insiders dumping Truth Social stock as price tanks
3 months, 3 weeks ago

'Rats jumping off a sinking ship': Insiders dumping Truth Social stock as price tanks

Raw Story  

According to a new report, if Donald Trump wants to tap into a cash windfall that awaits him from his stake in Trump Media & Technology Group, the parent company of Truth Social, his time is coming soon but there are also indications some of the company's insiders are seeing the writing on the wall and it is not good. …

Truth Social stock has lost more than 40 percent of its value in just over a month
3 months, 3 weeks ago

Truth Social stock has lost more than 40 percent of its value in just over a month

Raw Story  

Shares in the Trump Media and Technology Group Corporation have continued their downward spiral and now stand at their lowest value since shares became publicly traded. As USA Today notes, Trump Media shares closed at a record low of $20.99 per share on Tuesday -- and have since sunk lower and are trading in the $19 range as of this …

Column: Trump’s Truth Social stock is circling the drain
4 months ago

Column: Trump’s Truth Social stock is circling the drain

LA Times  

Former President Donald Trump: Is he laughing at the investors enticed into his Truth Social? Hiding in plain sight in the first annual report issued by the parent company of Donald Trump’s Truth Social platform was a statement of inescapable, well, truth. Issued, perhaps appropriately, on April 1 by Trump Media and Technology Group, the report said: “The value of …

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
4 months, 1 week ago

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income

LA Times  

Former President Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with his portfolio of golf courses and real estate properties, according to recent financial disclosures. Trump’s golf courses also make money for him, including $37 million from his club in Bedminster, N.J., where he addressed the media on Thursday; $31 million …

Trump’s financial disclosure reveals $1m in crypto and a lucrative side hustle with Bibles
4 months, 1 week ago

Trump’s financial disclosure reveals $1m in crypto and a lucrative side hustle with Bibles

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst
4 months, 1 week ago

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst

Raw Story  

Donald Trump's appearance on X Monday night should deeply concern a surprising group of people, a Slate analyst argues — his shareholders. "Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company," Kirshner writes. " Trump Media, the eponymous parent company of the former president's Twitter-adjacent site Truth Social, lost 5 percent of …

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.
4 months, 1 week ago

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.

Slate  

Donald Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company, and you’ll never guess what happened next. Rather, Trump Media is a $5 billion company because some of Trump’s fans think it is cool to own a company that trades as $DJT and supports Trump. Nowhere in the company’s “risk factors” filed …

Truth Social tanks as Donald Trump returns to X
4 months, 1 week ago

Truth Social tanks as Donald Trump returns to X

Salon  

Donald Trump’s social media network Truth Social is rapidly declining in value as the former president has started posting on X for the first time in over a year. Over a three month period that ended June 30, Truth Social’s parent company, Trump Media & Technology, lost more than $16 million. Many investors hoped the 2024 election would be a …

Truth Social stock takes a tumble as Trump makes his X return
4 months, 1 week ago

Truth Social stock takes a tumble as Trump makes his X return

The Independent  

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