Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep
11 months ago

Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep

LA Times  

With their life savings, childrens’ college funds and their own retirement prospects at stake, most people probably view investing in stocks as a serious business. “I think they’re dopes,” the veteran entertainment executive Barry Diller said of Trump Media’s investors during a CNBC appearance on April 4. One covered the downsides of Trump Media’s linkage with Trump — that Truth Social faced “greater risks than typical social media platforms because of. the involvement of President Trump.” Those risks include “harassment of advertisers or content providers, increased risk of hacking of platform, lesser need for Truth Social if First Amendment speech is no longer believed to be suppressed by other similar platforms, criticism of Truth Social for its moderation practices, and increased stockholder suits.” The report made clear, if anyone was unaware of this, that the value of its brand “may diminish if the popularity of President Trump were to suffer,” as it would from “the death, incarceration, or incapacity of President Trump.” Perhaps more telling was the company’s disclosure that it was not planning to “collect, monitor or report” the traditional metrics used by other social media platforms, such as Meta and X. The annual report also updated Trump Media’s financial statements to cover the full year 2023: The platform lost more than $58 million on revenue of a bare $4.1 million.

History of this topic

Trump Media stock down over 50 percent since his inauguration and no one is buying: report
4 days, 17 hours ago
MSNBC mocks Trump with supercut of clips of him bragging about stock market
Trending News
1 week, 2 days ago
Trump's Truth Social parent company reports $400.9 million loss amid revenue decline
1 month ago
Trump Media lost more than $400m in 2024
Trending News
1 month ago
Trump Media says it lost more than $400 million last year
1 month ago
Trump Media's financial firm might need approval from Trump administration
1 month, 1 week ago
Trump Media's $800K gifts to top Cabinet picks spark new ethics concerns: report
1 month, 2 weeks ago
A “patriot economy”? Trump Media expands into fintech
1 month, 3 weeks ago
Trump Media grants large amounts of stock to directors, including two who are Trump administration nominees
1 month, 3 weeks ago
Trump Media grants large amounts of stock to directors
1 month, 3 weeks ago
Trump Media set to launch its own financial investment brand
1 month, 2 weeks ago
Trump Media launches FinTech services brand amid crypto boom
1 month, 2 weeks ago
Truth Social owner Trump Media expands into finance, may invest in bitcoin
1 month, 3 weeks ago
How Much Are Donald Trump’s Truth Social Shares Worth?
2 months ago
Trump stock soars just days before president-elect retakes White House
2 months ago
Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust
2 months, 3 weeks ago
President-elect Trump transfers close to $4 billion worth of his Trump Media shares to a trust
3 months ago
Trump moves his entire $4 billion stake in Truth Social into his trust ahead of White House move
3 months ago
Trump transfers entire $4B stake in Trump Media to his trust
3 months ago
Trump demands ‘authorities’ investigate those spreading rumors he will sell off Truth Social
4 months, 1 week ago
'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor
4 months, 1 week ago
Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
4 months, 1 week ago
Trump promises he won't sell Truth Social shares, calls for investigation into rumors
Trending News
4 months, 1 week ago
Trump just made $500 million with a single Truth Social post
4 months, 1 week ago
Media Executives See More Deals, Less Regulation Under Trump
4 months, 1 week ago
'Truth Social is dead in the crib' after election win: analyst
Trending News
4 months, 1 week ago
Truth Social: Why Trump being president again is horrible for his social media company.
Top News
4 months, 1 week ago
Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss
4 months, 2 weeks ago
Trump Media share price surge 40% overnight on Robinhood amid speculation of Donald Trump’s election win
4 months, 2 weeks ago
DJT: Trump’s social media stock spikes after victory, making him $1 billion richer
Trending News
4 months, 2 weeks ago
Donald Trump’s fortune to jump by $1.4bn
4 months, 2 weeks ago
Trump Media Posts Lackluster Quarterly Sales as Losses Pile Up
4 months, 2 weeks ago
Trading in Trump’s media stock repeatedly halted on election day after sudden loss
Trending News
4 months, 2 weeks ago
Trump Media’s Watershed Moment Arrives as Voters Hit Polls
4 months, 2 weeks ago
Trump Media stock jumps 15% on Election Day as betting market hints at a Trump win
4 months, 2 weeks ago
Trump's Social Media Stock Soars as Election Looms
Trending News
4 months, 2 weeks ago
Trump loses $1.3bn in net worth after his social media stock tanks
4 months, 2 weeks ago
Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble
4 months, 3 weeks ago
Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
4 months, 2 weeks ago
Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
4 months, 3 weeks ago
Trump Media shares halted five times on Tuesday morning amid volatile trading
4 months, 2 weeks ago
Column: Former California Rep. Devin Nunes once sued media companies. Now he’s struggling to run one
4 months, 3 weeks ago
'Terrible Run': Report reveals staggering amount Truth Social has lost
5 months, 3 weeks ago
'More winning': Trump foe laughs as Truth Social's stock plummet quickens
5 months, 3 weeks ago
Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
6 months ago
Trump media plummets to new lows, ex-president can now sell shares of DJT
6 months ago
Donald Trump can start selling his nearly $2billion worth of shares in his media company. But will he?
6 months ago
‘Potential conflict’: Trump’s social media stake poses ethics headache
6 months ago
Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
6 months ago
Trump's campaign can't get in the way of his new grift
6 months ago

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