Donald Trump’s social media company soars in Wall Street debut
8 months, 4 weeks ago

Donald Trump’s social media company soars in Wall Street debut

Al Jazeera  

Shares of former Donald Trump’s social media company soared by as much as 59 percent on the first day of trading on Wall Street, boosting the former United States president’s expected windfall as he faces a growing list of legal bills. The Trump Media & Technology Group reached $79.38 per share at its peak on Tuesday, before closing 16 percent higher at $57.99, giving the company a market capitalisation of nearly $8bn. Trump Media’s rip-roaring market debut, despite operating losses of $10.6m for the first nine months of 2023, came a day after the completed its merger with shell company Digital World Acquisition. Trump launched the social media platform Truth Social after he was kicked off mainstream platforms, including Facebook and Twitter, following the January 6 insurrection at the US Capitol.

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History of this topic

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

Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans
2 weeks, 6 days 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
1 month, 1 week 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 …

'Massive potential conflict of interest': Reporter says Trump's app vessel to curry favor
1 month, 2 weeks 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
1 month, 2 weeks 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 …

BTS video shows how Trump comes up with his social media posts
1 month, 2 weeks ago

BTS video shows how Trump comes up with his social media posts

India Today  

The US presidential election was fought on the ballot as much as on social media. Now, a video has emerged showing Donald Trump composing his social media posts in real time while hearing a speech of Kamala Harris as his aide types it out at breakneck speed. The video shows Trump doing a real-time assessment of Kamala Harris's Democratic National …

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 …

'Truth Social is dead in the crib' after election win: analyst
Trending News
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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
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 …

Donald Trump’s fortune to jump by $1.4bn
1 month, 2 weeks 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
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 …

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'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, …

Expect This Election to Play Differently than 2020 on Social Media
1 month, 3 weeks ago

Expect This Election to Play Differently than 2020 on Social Media

Bloomberg  

Heading into the US presidential election four years ago, Facebook and Twitter instituted substantial policies to combat misleading political content, touted their investments into content moderation and promised to do all they could to avoid a free-for-all on their platforms. Just before Election Day in 2020, Facebook Chief Executive Officer Mark Zuckerberg told investors the election would be a test …

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  

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
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 is now worth more than Elon Musk’s X after recent surge in stock price
1 month, 3 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
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  

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 …

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

Truth Social reaches a tricky milestone. Will Donald Trump cash out his stake?
3 months, 1 week 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, 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 …

Trump’s $2B decision: Former president vows to hold onto social media venture stock
3 months, 1 week 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, 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 …

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

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 …

Column: Trump’s Truth Social stock is circling the drain
4 months 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 …

'He's coming apart': Trump mocked over 'panicked' social media binge before Dem convention
4 months ago

'He's coming apart': Trump mocked over 'panicked' social media binge before Dem convention

Raw Story  

As Vice President Kamala Harris and the Democrats gear up for their national convention, Donald Trump is on a social media spree. Former Republican Jeff Timmer flagged the post about empty seats at the Trump rally, writing, "Looks like someone woke up on the gibbering barking panicked side of the bed today." Former prosecutor Ron Filipkowski noted the high number …

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

Trump set to 'absolutely decimate' Truth Social investors with return to X: analyst
4 months, 1 week 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, 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 tanks as Donald Trump returns to X
4 months, 1 week 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, 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 …

Donald Trump returns to X/Twitter – with hidden post
4 months, 1 week ago

Donald Trump returns to X/Twitter – with hidden post

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shortly after Elon Musk took over Twitter, in late 2022, Mr Trump’s account was reinstated. But in …

Trump’s Truth Social lost $16.4 million last quarter and had under $1 million in revenue
4 months, 2 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
4 months, 3 weeks 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
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’s Truth Social nears lowest audience mark since its launch, report says
4 months, 3 weeks ago

Trump’s Truth Social nears lowest audience mark since its launch, report says

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 …

Donald Trump's social media popularity increases, followers surge by millions after assassination bid
5 months ago

Donald Trump's social media popularity increases, followers surge by millions after assassination bid

Hindustan Times  

After the assassination attempt on Donald Trump, his number of followers on social media has seen a sudden surge. Donald Trump's followers increased by a million on social media platforms. The data shows that there has been an increase in the former president’s social media popularity since the bullet grazed his ear six days back, as reported by the New …

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 …

Facebook lifts restrictions on Trump, giving him equal footing with Biden on the social media site
5 months, 1 week ago

Facebook lifts restrictions on Trump, giving him equal footing with Biden on the social media site

LA Times  

Facebook has lifted restrictions it had imposed on former President Trump after the Jan. 6 attack on the U.S. Capitol. Facebook has lifted restrictions imposed on Donald Trump after his supporters’ Jan. 6 attack on the Capitol, placing the former president on an equal footing on the platform with President Biden just days before the Republican National Convention. Meta, Facebook’s …

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