'More winning': Trump foe laughs as Truth Social's stock plummet quickens
3 months, 2 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 Media, with 114.75 million shares, or 57% of the company’s outstanding stock," Market Watch wrote. "The slump worsened days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social maker," wrote CNBC.

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History of this topic

Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust
2 weeks, 4 days 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 transfers entire $4B stake in Trump Media to his trust
2 weeks, 6 days ago

Trump transfers entire $4B stake in Trump Media to his trust

Salon  

President-elect Donald Trump has transferred all of his Trump Media shares to the Donald J. Trump Revocable Trust, controlled by his eldest son, Donald Jr., according to regulatory filings revealed Thursday. The Securities and Exchange Commission filing showed that Trump received no money for the roughly 115 million shares in Trump Media & Technology Group — the parent company of …

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
2 months 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
2 months 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 just made $500 million with a single Truth Social post
2 months 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 …

Truth Social: Why Trump being president again is horrible for his social media company.
Top News
2 months 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 …

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

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

S&P 500, Dow open at record high as Donald Trump wins; Tesla shares jump 13%
2 months ago

S&P 500, Dow open at record high as Donald Trump wins; Tesla shares jump 13%

India Today  

US markets opened at record highs on Wednesday as Donald Trump secured the 2024 presidential election, returning to the White House four years after his previous term. Tesla shares saw a sharp jump, climbing over 13% to $284.70, as investor sentiment rallied around CEO Elon Musk’s outspoken support for Trump’s campaign. Ahead of the market open, S&P 500 and Dow …

Markets close at record highs as Trump is reelected
2 months 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
2 months 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
2 months 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 US presidential election win sparks big rally in stocks
2 months ago

Trump US presidential election win sparks big rally in stocks

Al Jazeera  

Donald Trump’s return as president of the United States for the second time has boosted equity markets on bets of lower corporate tax, favourable tariffs and deregulation, lifting shares of banks, locally focused small-cap companies and Trump Media. “Business animal spirits could be rekindled once again from Trump’s pro-business approach which could lead to a more robust capital expenditures and …

The Dow Jones jumps over 1,300 points after Trump wins the election
2 months ago

The Dow Jones jumps over 1,300 points after Trump wins the election

NPR  

The Dow Jones jumps over 1,300 points after Trump wins the election toggle caption Spencer Platt/Getty Images/Getty Images North America Wall Street investors are cheering former President Trump's return to the White House. The Dow Jones Industrial Average rose more than 1,300 points soon after the open, or more than 3%, just hours after Trump won the presidential election over …

Trump Media Posts Lackluster Quarterly Sales as Losses Pile Up
2 months 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 …

Trading in Trump’s media stock repeatedly halted on election day after sudden loss
Trending News
2 months ago

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

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 }} The …

Trump Media’s Watershed Moment Arrives as Voters Hit Polls
2 months 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
2 months 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
2 months 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
2 months, 1 week 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
2 months, 1 week 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
2 months, 1 week 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 China Mania: A Stock Riding the Wave of a Potential Election Win
2 months, 1 week ago

Trump's China Mania: A Stock Riding the Wave of a Potential Election Win

Hindustan Times  

Chinese investors are jumping into a stock that's all about celebrating a win for Trump. The shares of Wisesoft Co., a company from Shenzhen that makes software for air traffic control, have skyrocketed by the daily limit for three days straight, buoyed by its Chinese name, “Chuan Da Zhi Sheng,” or “Trump wins big.” This comes on the heels of …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
2 months, 1 week 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
2 months, 1 week 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 …

DJT shares briefly halted after Trump Media stock plunge
2 months, 3 weeks ago

DJT shares briefly halted after Trump Media stock plunge

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 }} Stock …

'Terrible Run': Report reveals staggering amount Truth Social has lost
3 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 …

Trump’s Truth Social stake down by $6.5 billion — on day he’s allowed to start selling
3 months, 2 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 media plummets to new lows, ex-president can now sell shares of DJT
3 months, 2 weeks 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, 3 weeks ago

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

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 reaches a tricky milestone. Will Donald Trump cash out his stake?
3 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 …

Trump Media stock jumps after former president says he won’t sell shares when lockup expires
3 months, 3 weeks 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, 3 weeks 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, 4 weeks 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
4 months 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
4 months 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
4 months 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
4 months, 1 week 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
4 months, 1 week 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 …

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
4 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
4 months, 3 weeks 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, 3 weeks 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, 3 weeks 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, 4 weeks 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, 4 weeks 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 …

Kamala Harris has already hit Trump where it hurts most — the wallet
5 months, 1 week ago

Kamala Harris has already hit Trump where it hurts most — the wallet

Raw Story  

Vice President Kamala Harris' ascension as the likely Democratic presidential nominee not only raised the spirits of Democrats worried about President Joe Bidens age, it also cut into Donald Trump's net worth. According to a report from CNN, from the moment Harris hit the ground running and created a tidal wave of interest in her presidential campaign the valuation for …

Trump’s net worth has dropped by $900m since Harris entered the race
5 months, 1 week 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 …

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