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 filing showed. Still, the company has never traded based on its current fundamentals and at times mirrored betting markets tied to Trump’s potential return to the White House. For Trump, the prospects of the company performing well is key for his wealth given he has a nearly 115 million share stake.

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

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 …

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 …

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 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 …

Markets close at record highs as Trump is reelected
1 month, 2 weeks ago

Markets close at record highs as Trump is reelected

CNN  

New York CNN — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. JPMorgan analysts predicted in a report ahead of Tuesday’s election result that under a “red wave,” stocks stood to gain through the end of 2024, but “the uncertainty around policy execution would become more prominent …

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 …

Trading in Trump’s media stock repeatedly halted on election day after sudden loss
Trending News
1 month, 2 weeks ago

Trading in Trump’s media stock repeatedly halted on election day after sudden loss

The Independent  

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Trump Media’s Watershed Moment Arrives as Voters Hit Polls
1 month, 2 weeks ago

Trump Media’s Watershed Moment Arrives as Voters Hit Polls

Live Mint  

The case for owning shares in Trump Media & Technology Group Corp. boils down to the political fortunes of its namesake. If Trump were to lose I’d anticipate a pretty big drop in share price.” Trump Media shares more than doubled in October as betting markets showed gamblers favored the Republican, even as high-quality polling showed little change from the …

Trump Media stock jumps 15% on Election Day as betting market hints at a Trump win
1 month, 2 weeks ago

Trump Media stock jumps 15% on Election Day as betting market hints at a Trump win

Live Mint  

Trump Media & Technology Group Corp., the parent company of the former president's Truth Social platform, jumped more than 15 per cent on Tuesday as voters head to the polls. Trump Media has swung wildly in recent months as it loosely tracked election betting markets ahead of the US presidential election. Trump Media shares more than doubled in October as …

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 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  

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'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 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 …

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 …

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 …

Trump's media stock falls again — this time below $18
3 months, 2 weeks ago

Trump's media stock falls again — this time below $18

Raw Story  

Donald Trump's media company stock has fallen again, this time down to $18. A year later, CNBC showed that the Truth Social parent company is suffering far worse than his presidential campaign numbers, which are down against Kamala Harris' 48 percent, a USA TODAY/Suffolk Poll said. Under the agreement, insiders can't sell their stock until a certain amount of time …

'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 …

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 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  

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 …

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue
4 months, 1 week ago

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue

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’s social media company Trump Media and Technology Group …

Trump’s net worth has dropped by $900m since Harris entered the race
4 months, 3 weeks ago

Trump’s net worth has dropped by $900m since Harris entered the race

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’s net worth has dropped by an estimated $900m …

Trump Media made deal that could secure major financial windfall for the GOP candidate
5 months, 1 week ago

Trump Media made deal that could secure major financial windfall for the GOP candidate

Raw Story  

ProPublica is a Pulitzer Prize-winning investigative newsroom. “The Company entered into the Standby Equity Purchase Agreement,” Trump Media & Technology Group, the company behind Trump’s Truth Social platform, said in a filing. “These outlandish and nonsensical conspiracy theories about TMTG’s routine, transparent business practices constitute legally actionable defamation, and we will take legal action in response,” a Trump Media spokesperson …

Trump media shares soar on reelection bid boost
5 months, 1 week ago

Trump media shares soar on reelection bid boost

LA Times  

The Truth Social account for Donald Trump is shown on a mobile device. Shares of Trump’s media company surged in early trading Monday after a failed assassination attempt on the former president over the weekend. The shares of Donald Trump’s media company surged in early trading Monday after a failed assassination attempt on the former president over the weekend boosted …

Trump Media shares drop after initial rally on Biden’s shaky debate performance
5 months, 3 weeks ago

Trump Media shares drop after initial rally on Biden’s shaky debate performance

Live Mint  

June 28 - Shares of Trump Media & Technology Group fell in choppy trading on Friday, erasing earlier gains driven by President Joe Biden's shaky performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate. TMTG shares have been volatile all year, as the stock is mostly driven by retail traders amid Trump's quest to return to …

Shares of Trump Media swing wildly after first US presidential debate, fall 10%
5 months, 3 weeks ago

Shares of Trump Media swing wildly after first US presidential debate, fall 10%

Associated Press  

Trump Media fell more than 10% Friday after the first U.S. presidential debate, demonstrating another of the wild swings that have made its stock one of the more volatile on Wall Street. President Joe Biden and former President Donald Trump clashed Thursday evening on topics including abortion, immigration and the Jan. 6, 2021 attack on the U.S. Capitol. Citi analysts …

Trump Media stock sinks near all-time low as SEC declaration may dilute existing holders
6 months ago

Trump Media stock sinks near all-time low as SEC declaration may dilute existing holders

Hindustan Times  

Trump Media & Technology Group Corp. sank in late trading after the US Securities and Exchange Commission declared effective a regulatory filing that could dilute shareholders. Trump Media, which owns Truth Social, has been volatile since going public earlier this year with the stock soaring as high as $79.38 in the days after its debut before sinking as low as …

Trump has now lost $267M with 'erratic' Truth Social stock: report
6 months ago

Trump has now lost $267M with 'erratic' Truth Social stock: report

Raw Story  

Donald Trump has lost more than $267 million as the value of his eponymous media company continues to plummet, according to a new financial analysis. Trump Media stock values dipped 6.29 percent on Monday and brought share prices to just $34.72 as of Tuesday, Newsweek reported. Truth Social’s parent company reportedly hit a low point last week not seen since …

Trump Media in spiral as it plunges to lowest level in months: report
6 months, 1 week ago

Trump Media in spiral as it plunges to lowest level in months: report

Raw Story  

Trump's media company is losing stock value yet again. Trump Media and Technology Group, formed by a merger with the "blank check" firm Digital World Acquisition Corp., manages Trump's Truth Social platform, a barebones social media site mainly used by Trump himself to make stream-of-consciousness posts known as "Truths." In recent weeks, the stock price of Trump Media, had been …

Trump Media shares swing wildly and then tumble a day after former president was convicted
6 months, 3 weeks ago

Trump Media shares swing wildly and then tumble a day after former president was convicted

Associated Press  

Shares of Trump Media & Technology Group closed lower Friday after swinging wildly over the course of the day following the conviction of former President Donald Trump in his hush money trial. After the U.S. stock markets closed Thursday, a New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through …

Trump Media shares down more than 6% after hush money guilty verdict
6 months, 3 weeks ago

Trump Media shares down more than 6% after hush money guilty verdict

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 …

Trump Media reports $327M net loss in 'dire' new filing: analysis
7 months ago

Trump Media reports $327M net loss in 'dire' new filing: analysis

Raw Story  

The financial problems plaguing former President Donald Trump's media company and social platform appear not to be getting any better, according to a new analysis. The Daily Beast reported Monday that Trump Media, the publicly traded parent company of Trump Social, reported a net loss of nearly $330 million in the first three months of 2024. Trump Media has been …

Trump Media's stock price plummets as SEC charges auditor of 'massive fraud', imposes lifetime ban
7 months, 2 weeks ago

Trump Media's stock price plummets as SEC charges auditor of 'massive fraud', imposes lifetime ban

Hindustan Times  

The Securities and Exchange Commission on Friday accused BF Borgers, the independent accounting firm for Trump Media & Technology Group, of conducting a “sham audit mill” and of committing extensive fraud. SEC charged auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” for work that affected more than 1,500 SEC filings, the federal regulator announced. …

Trump Media audit firm charged with fraud
7 months, 3 weeks ago

Trump Media audit firm charged with fraud

Salon  

BF Borgers, the accounting firm that handles Trump Media & Technology Group’s financial audits, was slapped with fraud charges by the Securities and Exchange Commision for allegedly running a vast operation to misrepresent their auditing process. Since Trump Media was not a public company during the scope of the SEC’s investigation, its past filings were not reviewed for fraudulent accounting …

Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
7 months, 3 weeks ago

Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks

Associated Press  

WASHINGTON — Former President Donald Trump has secured an additional $1.6 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. For now, the value of those shares …

'Stunning rise': Trump Media's stock value shoots up after weeks of crashing
7 months, 3 weeks ago

'Stunning rise': Trump Media's stock value shoots up after weeks of crashing

Raw Story  

After weeks of plunging in value, former President Donald Trump's media company stock appears to be on the upswing Monday. According to CNBC, "The share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April. "Earlier Monday, Trump Media issued a press release that essentially underscored previously released information …

Trading Trump: Truth Social’s first month of trading has sent investors on a ride
7 months, 4 weeks ago

Trading Trump: Truth Social’s first month of trading has sent investors on a ride

Associated Press  

WASHINGTON — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “It’s everything out of the ordinary,” said Julian Klymochko, CEO of Calgary-based Accelerate Financial Technologies Inc. “I …

Trump Media CEO mocked as 'proverbial loser' by hedge fund for attempt to protect stock
8 months ago

Trump Media CEO mocked as 'proverbial loser' by hedge fund for attempt to protect stock

Raw Story  

A hedge fund issued a statement mocking Trump Media and Technology CEO Devin Nunes as he tries to protect his company's financial position. Nunes, the former Republican congressman and longstanding Donald Trump loyalist, sent a letter this week to Nasdaq chief Adena Friedman expressing concern about short-sellers betting against the company's stock — and Citadel Securities responded with scorn. “Devin …

Trump rides net worth rollercoaster with media stock that may plummet at any time: analyst
8 months ago

Trump rides net worth rollercoaster with media stock that may plummet at any time: analyst

Raw Story  

Former President Donald Trump is riding a net worth roller coaster as his eponymous media company stock plummets, recovers and positions itself to plummet again, according to a new analysis. "Trump’s net worth inched back above $4 billion Thursday for the first time since last week," Saul writes, "as shares of the Truth Social parent stage a surprise recovery." "Trump …

Trump Media scrambles to stop short sellers from tanking share prices
8 months ago

Trump Media scrambles to stop short sellers from tanking share prices

Raw Story  

Trump Media and Technology Group, the parent company of Truth Social, is scrambling to stop short sellers from tanking its share values. NBC News reports that Trump Media this week sent around suggestions to shareholders to prevent their shares in the company from winding up in the hands of short sellers who are essentially betting on the company's failure to …

Column: With his Truth Social stock, Trump may be laughing all the way to the bank — but his investors have reason to weep
8 months, 1 week 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 …

Trump Media stock plummets after big streaming service announcement: analysis
8 months, 1 week ago

Trump Media stock plummets after big streaming service announcement: analysis

Raw Story  

Trump Media & Technology Group stock took another tumble this Tuesday after it was announced that the company would be launching a new streaming platform. The stock, which traders under ticker DJT, fell 14 percent after a press release went out announcing the streaming service would come to phones, tablets, and TV through the Truth Social app, Yahoo! Trump Media, …

'Poised to go down': Trump Media's $7.2 billion tumble spurs dire warnings from analysts
8 months, 1 week ago

'Poised to go down': Trump Media's $7.2 billion tumble spurs dire warnings from analysts

Raw Story  

Former President Donald Trump's publicly traded media company hit new stock market lows Monday as finance experts warned a recently reported financial could signal the beginning of the end. Forbes Senior Editor Dan Alexander appeared on CNN's "Out Front" hours after news broke Trump Media would put more than 20 million shares up for sale because, as host Erin Burnett …

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