Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
5 months, 3 weeks 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 campaign events. Truth Social's future is also tied to the election Trump Media is a quintessential meme stock, bought and sold more for what it stands for than for any underlying business performance. Many investors in Trump Media are the former president's most loyal supporters, so the company's share performance has become a Wall Street weathervane for how investors think Trump's election campaign is going.

Media Social Trump Truth Stock Donald Trump Tuttle Trump Media Truth Social His Stake  media  tricky  tuttle  reaches  stake  trump  social  price  week  cash  stock  milestone  likely  truth  donald  president

History of this topic

Trump's Truth Social parent company reports $400.9 million loss amid revenue decline
1 month ago

Trump's Truth Social parent company reports $400.9 million loss amid revenue decline

India Today  

NEW YORK: The parent company of former President Donald Trump’s social networking site, Truth Social, reported a $400.9 million loss in 2023, with annual revenue falling 12% to $3.6 million. In December, following his U.S. presidential election victory, Trump transferred all of his shares—valued at approximately $4 billion on paper—as a "bona fide gift" to the Donald J. Trump Revocable …

Trump Media lost more than $400m in 2024
Trending News
1 month ago

Trump Media lost more than $400m in 2024

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 Trump Media and Technology Group, the parent company of the …

Trump Media says it lost more than $400 million last year
1 month ago

Trump Media says it lost more than $400 million last year

Associated Press  

NEW YORK — The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million. Donald Trump Jr., the oldest of the president’s five children, is the sole trustee and has sole voting and investment power over all securities owned by the trust. Citing …

Trump’s world is all happening on X
1 month ago

Trump’s world is all happening on X

CNN  

CNN — Elon Musk once bragged that his social network X “is by far the most interesting place on the Internets.” The company’s CEO Linda Yaccarino said “if it’s happening in the world — it’s happening on X.” More recently, the slogan “it’s all happening at X” has been commandeered by critics of the platform who say X is full …

Trump Media's financial firm might need approval from Trump administration
1 month ago

Trump Media's financial firm might need approval from Trump administration

Salon  

President Trump's social media company may need approval from his administration as it moves forward with a financial services firm for "American patriots." Trump Media said it plans to launch its financial products sometime this year as an alternative to traditional financial institutions, which Trump views as being unfair to conservatives. “We aim to give investors a means to invest …

A “patriot economy”? Trump Media expands into fintech
1 month, 2 weeks ago

A “patriot economy”? Trump Media expands into fintech

Salon  

Trump Media, the company that runs Donald Trump's social media platform Truth Social, is expanding into financial services that include fintech and crypto. “Truth.Fi is a natural expansion of the Truth Social movement: We began by creating a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re moving into investment products and decentralized finance,” said Devin …

Trump Media set to launch its own financial investment brand
1 month, 2 weeks ago

Trump Media set to launch its own financial investment brand

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 President Donald Trump’s media company, the Trump Media & Technology …

Trump Media launches FinTech services brand amid crypto boom
1 month, 2 weeks ago

Trump Media launches FinTech services brand amid crypto boom

Hindustan Times  

Truth Social parent Trump Media and Technology Group said on Wednesday its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi, sending shares of the firm up over 11% in early trading. Truth.Fi products and services will roll out in 2025 after funding levels are determined and necessary approvals by financial regulators are secured, …

Truth Social owner Trump Media expands into finance, may invest in bitcoin
1 month, 2 weeks ago

Truth Social owner Trump Media expands into finance, may invest in bitcoin

CNN  

Washington CNN — Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies. Trump Media said it plans to launch a fintech brand called Truth.Fi and to introduce investment vehicles that will focus on American growth, manufacturing, energy and the “Patriot Economy.” The push into fintech …

How Much Are Donald Trump’s Truth Social Shares Worth?
2 months ago

How Much Are Donald Trump’s Truth Social Shares Worth?

Wired  

Over the decades, Donald Trump’s literal fortunes have ebbed and flowed. Specifically, the majority of Trump’s net worth currently derives from shares of Trump Media & Technology Group, the parent company of the conservative Truth Social platform that launched in 2022. As the majority owner of TMTG, Trump’s riches rise and fall with the stock, which itself has seen wild …

Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust
2 months, 3 weeks 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 …

Trump moves his entire $4 billion stake in Truth Social into his trust ahead of White House move
2 months, 3 weeks ago

Trump moves his entire $4 billion stake in Truth Social into his trust ahead of White House move

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 Donald Trump has transferred all 114.75 million of his shares …

Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans
3 months, 1 week 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 …

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics
4 months ago

Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics

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. New York University professor Scott Galloway said on the podcast Pivot last Friday that …

Trump demands ‘authorities’ investigate those spreading rumors he will sell off Truth Social
4 months, 1 week ago

Trump demands ‘authorities’ investigate those spreading rumors he will sell off Truth Social

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 President-elect Donald Trump called on the “appropriate authorities” to investigate …

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor
4 months, 1 week 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
4 months, 1 week 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 just made $500 million with a single Truth Social post
4 months, 1 week 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 …

Trump promises he won't sell Truth Social shares, calls for investigation into rumors
Trending News
4 months, 1 week 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
4 months, 1 week 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
4 months, 1 week 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 …

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss
4 months, 1 week 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 Media share price surge 40% overnight on Robinhood amid speculation of Donald Trump’s election win
4 months, 1 week 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 …

Donald Trump’s fortune to jump by $1.4bn
4 months, 1 week 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 …

DJT: Trump’s social media stock spikes after victory, making him $1 billion richer
Trending News
4 months, 1 week 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 …

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

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

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 }} Former …

Trump loses more than $1 billion in net worth in two-day Truth Social parent company stock tumble
4 months, 2 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
4 months, 2 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
4 months, 2 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 …

Truth Social users say they’ve been scammed out of massive amounts of cash
5 months, 1 week ago

Truth Social users say they’ve been scammed out of massive amounts of cash

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 Users of Donald Trump’s …

'What idiots we are': Truth Social users lose hundreds of thousands of dollars to scammers
5 months, 1 week 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
5 months, 2 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 …

'More winning': Trump foe laughs as Truth Social's stock plummet quickens
5 months, 3 weeks ago

'More winning': Trump foe laughs as Truth Social's stock plummet quickens

Raw Story  

Stock in Donald Trump's media company continued to crater Monday as company insiders near their first opportunity to unload their stake. Read Also: Corporate media keeps hiding the truth about madman Donald Trump The company is widely referred to as a "meme stock," meaning it's gained a "cult-like" following. "Republican presidential nominee Donald Trump is the largest shareholder in Trump …

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
5 months, 3 weeks 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's campaign can't get in the way of his new grift
5 months, 3 weeks ago

Trump's campaign can't get in the way of his new grift

Salon  

There's been a lot going on this week so you may have missed Donald Trump introducing his latest business venture on Monday. Later he extolled the expertise and brilliance of his 18-year-old son Barron, who he said has "four wallets" and is named as the new company's “DeFi visionary” Trump himself is the “Chief Crypto Advocate" and Trump's oldest sons, …

Trump Media stock jumps after former president says he won’t sell shares when lockup expires
6 months 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
6 months 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
6 months 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
6 months, 1 week 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
6 months, 1 week 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
6 months, 2 weeks ago

Why Trump might have trouble cashing in on Truth Social billions

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 …

Truth Social stock has lost more than 40 percent of its value in just over a month
6 months, 2 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
6 months, 3 weeks 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
6 months, 3 weeks 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 set to 'absolutely decimate' Truth Social investors with return to X: analyst
7 months 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.
7 months 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
7 months 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
7 months ago

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

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 }} Shares …

Discover Related