Trump has created a new 'nebulous, shadowy financial empire' that will haunt his political future: report
2 years, 10 months ago

Trump has created a new 'nebulous, shadowy financial empire' that will haunt his political future: report

Raw Story  

In a deep dive into Donald Trump's business endeavors that began when he was first elected president in 2016 -- and what has ensued since he lost re-election in 2020 -- the New Republic's Alex Shepard writes it all could come back to haunt him in unforeseen ways should he run again in 2024. "But in Trump’s efforts to enrich himself post-presidency, you Touching on Trump's central social media empire accomplishment, Truth Social, the journalist suggested the financial machinations that surround it could cause problems for him down the line -- in particular, the Special Purpose Acquisition Company linked to its development. Taken together with Trump hawking of books about his presidency and scooping up donations for a hinted-at second run for president, Shepard wrote, "The result is a nebulous, shadowy financial empire in which Trump is generating perhaps millions of dollars in revenue from his supporters directly for himself, while also providing products that require almost no effort or personal capital: picture books, hats, NFTs—even a social network." "These financial activities will create unprecedented political problems and new ethical issues should Trump seek the 2024 Republican presidential nomination—and especially if he wins the presidency," he wrote before adding, "These businesses also require capital, something Trump has been wary of putting up himself in the past." "On another level, they also resemble the Trump campaign’s own predatory fundraising efforts, in which many supporters unknowingly signed on for monthly donations that caused them serious financial hardship."

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History of this topic

Why the billionaire class is kissing Trump’s proverbial ring
1 month, 1 week ago

Why the billionaire class is kissing Trump’s proverbial ring

Al Jazeera  

Despite all beliefs to the contrary, the billionaires who have been seen in President Donald Trump’s orbit since he won the presidency for a second time last November are not mere sycophants to his regime. In explaining her decision to resign from the Post, Telnaes wrote, “Owners of such press organizations are responsible for safeguarding that free press – and …

Trump Media set to launch its own financial investment brand
1 month, 3 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 …

'It makes it all look corrupt': Trump-supporting exec turns on him over 'cash grab'
2 months ago

'It makes it all look corrupt': Trump-supporting exec turns on him over 'cash grab'

Raw Story  

Donald Trump's continuing attempts to ingratiate himself with supporters of cryptocurrencies has hit a large speed-bump after he and some of his family members dipped their toes into the industry with their own digital coins which, in turn, infuriated some supporters who never saw it coming. However, as the Times is reporting, Trump and his wife Melania's entry in the …

'No intrinsic value': CNN reporter breaks down Trump's crypto scheme
2 months ago

'No intrinsic value': CNN reporter breaks down Trump's crypto scheme

Raw Story  

CNN business reporter Matt Egan on Tuesday expressed incredulity that President Donald Trump launched his own cryptocurrency just days before taking office. During an interview with CNN's Kate Bolduan, Egan emphasized the unprecedented nature of Trump's decision to launch his own digital meme coin, which in theory allows foreign governments to put money directly into his pockets. "This was one …

'Fatten his wallet': Trump biographer dishes on president elect's longtime 'aching thirst'
2 months, 3 weeks ago

'Fatten his wallet': Trump biographer dishes on president elect's longtime 'aching thirst'

Raw Story  

Donald Trump has an "aching thirst to monetize the presidency," according to the president elect's own biographer. O'Brien, who has previously commented on how he perceives that Trump's brain is "degrading," was asked about the items Trump sells on his social media site, Truth Social. Saying Trump is preparing to "fatten his wallet" in the new administration, O'Brien notes that …

Companies flooding Trump with millions despite Jan. 6 no-donation vows: WSJ
3 months ago

Companies flooding Trump with millions despite Jan. 6 no-donation vows: WSJ

Raw Story  

Major corporations that vowed to never donate to any lawmaker who pushed election conspiracy theories after the Jan. 6 insurrection that forced lawmakers to flee for their lives appear to have had a change of heart and are helping fund Donald Trump's Jan. 20 inauguration to the tune of millions of dollars According to a Christmas Eve report from the …

What $1 Million Buys You From Donald Trump
3 months, 1 week ago

What $1 Million Buys You From Donald Trump

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. On Wednesday, Meta donated $1 million to Trump’s inaugural fund just weeks after founder and CEO Mark Zuckerberg flew to Palm Beach, Florida to meet with Trump and Secretary of State nominee Marco Rubio at the president-elect’s Mar-a-Lago home. …

Trump is to announce $100B SoftBank investment in the US
3 months, 1 week ago

Trump is to announce $100B SoftBank investment in the US

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump will join …

Trump Sends Another $4.3 Million Of Donors’ Money To His Lawyers
3 months, 2 weeks ago

Trump Sends Another $4.3 Million Of Donors’ Money To His Lawyers

Huff Post  

LOADING ERROR LOADING WASHINGTON – Self-described billionaire Donald Trump sent another $4.3 million collected from his donors to his lawyers in the weeks surrounding the Nov. 5 election. That raises the total his “Save America” committee ― ostensibly created to help like-minded Republicans win elections ― spent on the attorneys handling Trump’s various criminal and civil cases to $90.8 million, …

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln
3 months, 3 weeks ago

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln

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. Trump has appealed that judgment, but his attorney D. John Sauer — the man …

Trump gets carveout from his own transition team's ethics code: report
3 months, 3 weeks ago

Trump gets carveout from his own transition team's ethics code: report

Raw Story  

The Trump transition team's code of ethics appears to carve out an exception for a specific person, CNN reported Wednesday: Donald Trump himself. "'There does not appear to be a provision addressing the requirement for the president-elect to address his conflicts of interest,' said Valerie Smith Boyd, director of the Center for Presidential Transition at the nonprofit, nonpartisan Partnership for …

Trump Creates New Fundraising Outfit That Could Pay His Legal Bills
4 months, 2 weeks ago

Trump Creates New Fundraising Outfit That Could Pay His Legal Bills

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Self-described billionaire Donald Trump is asking his millions of small-dollar donors ― many of them retirees ― to send money to a new political action committee that appears to be structured to let the president-elect pay his legal bills. “The grift now has seven zeros instead of six.” Trump campaign officials did not respond to …

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

A Recent Timeline of Elon Musk Going All In on Trump
4 months, 3 weeks ago

A Recent Timeline of Elon Musk Going All In on Trump

Wired  

Billionaire X owner Elon Musk has become one of former president Donald Trump’s most important financial backers, and certainly his most vocal in Silicon Valley, since endorsing him in July. For the final month of the US presidential campaign, Musk has been pulling out all the stops, going “all in” on getting Trump back into the Oval Office, both online …

'For sale sign around his neck': Trump accused of selling 'policy' for campaign cash
5 months ago

'For sale sign around his neck': Trump accused of selling 'policy' for campaign cash

Raw Story  

If he's elected to a second term, former President Donald Trump may have the most blatantly transactional administration in modern history, according to new reporting. In their investigation, the Times' Shane Goldmacher, Maggie Haberman and Jonathan Swan found several areas in which the former president bent his own views to fit the preferences of wealthy donors he was courting. " …

'All for sale': Experts warn of corruption as Trump plays campaign coffer catch-up
5 months, 2 weeks ago

'All for sale': Experts warn of corruption as Trump plays campaign coffer catch-up

Raw Story  

Former President Donald Trump's efforts to catch up with Vice President Kamala Harris' fundraising pose a serious danger of major corruption, a slew of political experts told the Guardian Monday. “It is difficult to imagine a more apt description of corruption.” The Guardian report argued the Republican presidential nominee has become increasingly desperate as Harris' campaign out-raises him by tens …

Voter exhaustion is part of Trump's grift
5 months, 2 weeks ago

Voter exhaustion is part of Trump's grift

Raw Story  

Unveiled amidst a daily grind of outrage and threats, Donald Trump’s latest swindle, $100,000 ‘Trump watches,’ has been largely overlooked by voters and mainstream media. Any foreign actor or head of state seeking influence can buy these exorbitantly-priced watches, and Trump has openly courted and praised the most dangerous among them: Putin, Jong-un, Orban, and Saudi Arabia’s Bone Saw Prince, …

Trump's campaign can't get in the way of his new grift
6 months, 1 week 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 hawks new cryptocurrency venture despite once calling business a ‘scam’ – but details are thin
6 months, 1 week ago

Trump hawks new cryptocurrency venture despite once calling business a ‘scam’ – but details are thin

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. In an interview with crypto news podcast Rug …

World Liberty Financial: Trump launches another business full of potential risks and conflicts if he wins
6 months, 1 week ago

World Liberty Financial: Trump launches another business full of potential risks and conflicts if he wins

CNN  

CNN — Donald Trump and his children unveiled a new cryptocurrency business Monday in a virtual address from his Mar-a-Lago estate, the latest venture that stands to benefit the former president as he seeks another four years in the Oval Office. “It’s definitely new to see a president launching a new company while also at the same time talking up …

Some Trump insiders appalled by his 'slimy' cash grab as election looms: report
6 months, 2 weeks ago

Some Trump insiders appalled by his 'slimy' cash grab as election looms: report

Raw Story  

Donald Trump's recent spate of making merchandise offers to his rabid MAGA followers, which will put money in his pockets but do nothing for his election prospects, is creating tension with some of his inner circle according to a report from the Washington Post. On Sunday, the Post's Josh Dawsey and Ashley Parker noted an increase in Trump merchandise the …

Why Trump might have trouble cashing in on Truth Social billions
6 months, 3 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 …

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
7 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 …

Donald Trump’s Truth Social: The former president’s return to Twitter reveals his greatest scam yet.
7 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 …

Trump Media made deal that could secure major financial windfall for the GOP candidate
8 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 …

Watchdog sounds alarm that Trump's 'brazen' foreign business dealings will get worse
8 months, 3 weeks ago

Watchdog sounds alarm that Trump's 'brazen' foreign business dealings will get worse

Raw Story  

Donald Trump exploited the presidency in his first term to financially benefit himself and his family, ethics experts wrote Tuesday. CREW sued Trump in 2017 over his alleged violations of the Constitution's emoluments clause prohibiting officeholders from accepting certain items of value from foreign states without approval from Congress, but the U.S. Supreme Court dismissed the case in 2021 because …

Reclusive banking billionaire gave Trump $50m one day after hush money conviction
9 months ago

Reclusive banking billionaire gave Trump $50m one day after hush money conviction

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 A donor gave $50 million to Donald Trump’s campaign on …

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead
9 months ago

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead

Raw Story  

Donald Trump's trial and eventual conviction on dozens of felony counts in his hush money case didn't hamstring the former president's fundraising efforts, instead proving a boon for him and the party — and shrinking President Joe Biden's fundraising lead as the two head into a key first debate next week. Trump’s presidential campaign, the Republican National Committee and an …

'Brazen, quid pro quo corruption': Here are 5 policy promises Trump made to wealthy donors
9 months, 2 weeks ago

'Brazen, quid pro quo corruption': Here are 5 policy promises Trump made to wealthy donors

Raw Story  

In his 2024 campaign, former President Donald Trump has been openly soliciting wealthy donors on promises to pass favorable policies in exchange for much-needed campaign cash. "It is deeply concerning and problematic to see a presidential candidate solicit millions of dollars from wealthy donors in exchange for promised policies or actions that cater to the donors’ wishes," said Ghosh, who …

Disturbing Trump campaign email screams ‘haul out the guillotine!’
9 months, 2 weeks ago

Disturbing Trump campaign email screams ‘haul out the guillotine!’

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 A fundraising email blast from the chief political action committees …

Trump Media shares plunge after Donald Trump convicted in hush-money trial
9 months, 3 weeks ago

Trump Media shares plunge after Donald Trump convicted in hush-money trial

Al Jazeera  

Shares fall as much as 15 percent after former president is found guilty on all 34 counts. Shares of Trump Media & Technology Group, Donald Trump’s social media company, have plunged following the former US president’s historic conviction in his hush-money trial. The company’s stock, which trades under the ticker “DJT”, fell as much as 15 percent in extended trading …

'Warning signs' for Truth Social as users flee platform while Trump's legal woes grow
10 months ago

'Warning signs' for Truth Social as users flee platform while Trump's legal woes grow

Raw Story  

Not only is Donald Trump's Truth Social losing money at an astonishing pace, it is also shedding users who appear to be abandoning the embattled president, reports CNBC. According to CNBC's Kevin Breuninger, "Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto its small U.S. user base," adding, "So far in May, U.S. daily visits to …

'Desperate' Trump got played for a 'sucker' by billionaire investor: reporter
10 months, 1 week ago

'Desperate' Trump got played for a 'sucker' by billionaire investor: reporter

Raw Story  

Donald Trump may have gotten played for a "sucker" by a billionaire donor who's trying to save his stake in the TikTok social media company, according to a journalist. Billionaire investor Jeff Yass and his privately held Susquehanna International Group hold a 15-percent stake in TikTok's parent company ByteDance, but president Joe Biden signed a law last month that would …

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
10 months, 2 weeks ago

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

The Hindu  

Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Mr. Trump’s presidential campaign provided a statement in son Eric …

'Scammers gonna scam’: Social media melts down at news of latest Trump scandal
10 months, 2 weeks ago

'Scammers gonna scam’: Social media melts down at news of latest Trump scandal

Raw Story  

A bombshell report that Donald Trump was under audit after suspicions he defrauded the IRS of more than $100 million in a double-dipping scheme caused him to have a social media meltdown on Saturday. The New York Times claimed Trump wrote off his Chicago Tower as “worthless” in a 2008 tax return, reporting losses of up to $651 million and …

Trading Trump: Truth Social’s first month of trading has sent investors on a ride
11 months 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 uses courtroom 'soap opera' to drive up 'sympathy, support' and cash: top donor
11 months, 1 week ago

Trump uses courtroom 'soap opera' to drive up 'sympathy, support' and cash: top donor

Raw Story  

Donald Trump's ongoing legal drama has been his most effective fundraising tool, and new data shows his hush money trial could drive up even more small-dollar donations. The data based on campaign finance filing from the GOP payment processor WinRed shows Trump drew substantially more small-dollar donations in the first quarter of this year on days with new legal developments, …

Trump's Campaign pours liquid funds into his businesses amid mounting legal woes, experts warn
11 months, 1 week ago

Trump's Campaign pours liquid funds into his businesses amid mounting legal woes, experts warn

Hindustan Times  

Donald Trump’s 2024 White House campaign fundraising operation has significantly increased spending at his properties, directing funds into his businesses despite his serious legal issues and financial constraints. Former President Donald Trump directs campaign funds into his own businesses According to recent filings with the Federal Election Commission, Trump's joint fundraising committee allocated substantial amounts to Mar-a-Lago and Trump National …

From 'really rich' to begging: Inside Trump's U-turn on one of his first campaign lies
11 months, 1 week ago

From 'really rich' to begging: Inside Trump's U-turn on one of his first campaign lies

Raw Story  

During his 2016 campaign, Donald Trump talked a big game about how he was a “ really rich ” man who would be self-funding his first presidential run. “I don’t need anybody’s money,” Trump said in his June 6, 2015 campaign announcement speech and again in an August 2015 interview in Iowa. — Donald J. Trump August 2, 2015 “This …

Trump campaign tells GOP candidates he's taking a cut of their cash if they use his name
11 months, 1 week ago

Trump campaign tells GOP candidates he's taking a cut of their cash if they use his name

Raw Story  

The campaign for Donald Trump's 2024 presidential bid has come up with a new way to raise cash — which involves calling on down-ballot candidates who use his name and likeness in fundraising pushes to give him a cut of the money they raise. “Beginning tomorrow, we ask that all candidates and committees who choose to use President Trump’s name, …

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, 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 …

Donald Trump's Truth Social's future doesn't look that good. Here's why
11 months, 2 weeks ago

Donald Trump's Truth Social's future doesn't look that good. Here's why

Hindustan Times  

The passively negative influence of this week has resulted in a fall of 25% regarding the stock of Trump Media and Technology Group Corp and a pronounced decrease in the cost to sell. Republican presidential candidate former President Donald Trump's stake value was cut short by about $2.6 Billion. Critics have been vocal about their scepticism regarding TMTG's viability Barry …

Trump shares post slamming stock market for not getting his 'Michelangelo'-level genius
11 months, 2 weeks ago

Trump shares post slamming stock market for not getting his 'Michelangelo'-level genius

Raw Story  

Former President Donald Trump Friday made a new addition to his list of institutions that are conspiring against him: the stock market. Trump shared this viewpoint on Truth Social, the social media site whose parent company has seen its value plummet after news hit it lost $58 million in 2023, in the form of an editorial from a writer whose …

'Larger scheme of corruption': CNN panel wrecks claim that Trump's fraud was 'victimless'
11 months, 2 weeks ago

'Larger scheme of corruption': CNN panel wrecks claim that Trump's fraud was 'victimless'

Raw Story  

A CNN panel on Wednesday took aim at claims that former President Donald Trump's fraudulent manipulation of his assets' values amounted to a "victimless" crime. David Frum, a former speechwriter for President George W. Bush, made the case that shareholders of banks who lent to Trump were essentially being ripped off by the sanction of artificially cheap loans that were …

Trump Media stock plummets as expert warns of possible securities fraud: reports
11 months, 2 weeks ago

Trump Media stock plummets as expert warns of possible securities fraud: reports

Raw Story  

Former President Donald Trump's Truth Social stock continued to circle the drain Monday as financial experts warned he may have broken the law trying to prop up the price. After the completed merger with "blank check firm" Digital World Acquisition Corp., the stock soared to over $66 a share then fell when news broke that Truth Social lost $58 million …

'Confidence trick': Internet calls out Trump over unverified $50 million fundraising night
11 months, 2 weeks ago

'Confidence trick': Internet calls out Trump over unverified $50 million fundraising night

Raw Story  

Donald Trump, Lauren Boebert, Tim Scott, and numerous media outlets are among those who have parroted the line that Donald Trump raised $50 million at a one-night fundraiser, but not everyone is convinced it's true. And on Sunday, he shared a Breitbart article with the title, "Trump Smashes Biden’s Fundraising Record with $50 Million Saturday Night Haul." "I’m seeing lots …

Trump ordered to give deposition after being hit by latest lawsuit
11 months, 3 weeks ago

Trump ordered to give deposition after being hit by latest lawsuit

Raw Story  

Lawyers for the co-founders of Donald Trump's social media company will depose the former president later this month in regards to the dispute over who owns the Trump Media & Technology Group. Trump Media, which owns Trump's Truth Social platform, was sued in February by former reality show contestants Andy Litinsky and Wes Moss, who appeared on The Apprentice when …

Truth Social stock is 'the perfect avenue for potential corruption': analysis
11 months, 3 weeks ago

Truth Social stock is 'the perfect avenue for potential corruption': analysis

Raw Story  

Former President Donald Trump drew scrutiny during his first term in the Oval Office for owning a hotel in Washington D.C. where foreign government officials would often spend lavishly in an apparent attempt to court favor. But Vox's Abdallah Fayyad believes that Trump may have found an even more lucrative way for foreign governments to buy his influence in a …

Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock
11 months, 3 weeks ago

Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock

Raw Story  

Early investors in the Trump Media & Technology Group are telling Reuters that they made a quick profit by cashing out late last week just before the company's first financial report sent its share prices into a freefall on Monday. One such investor was Mohammed Al Shalloudi, a 21-year-old data analyst from the United Arab Emirates, who rushed to invest …

Trump's net worth sinks $1 billion as Truth Social shares go into free fall: reports
11 months, 3 weeks ago

Trump's net worth sinks $1 billion as Truth Social shares go into free fall: reports

Raw Story  

Former President Donald Trump's net worth dropped a staggering $1 billion Monday after news of Truth Social's reported financial losses sent its stock into free-fall, according to multiple reports. Trump Media & Technology Group's disclosure of a $58 million net loss in 2023, with just $4.1 million in revenue, mean that Trump's stake in the company fell $4.89 billion to …

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