Ex-US President Donald Trump announces social media site
3 years, 2 months ago

Ex-US President Donald Trump announces social media site

Al Jazeera  

The launch of the platform, dubbed TRUTH Social, comes months after Trump was banned from most major social media sites. Former United States President Donald Trump has announced the launch of his own social media platform, nine months after being expelled from all major sites for his role in allegedly inciting violence at the US Capitol following his election defeat last year. In a statement on Wednesday, Trump said the launch of Trump Media & Technology Group and its “TRUTH Social” app is meant to remedy his suspensions from sites such as Facebook and Twitter in the wake of the January 6 storming of the Capitol by his supporters as legislators met to certify the victory of the Republican’s Democratic rival, incumbent President Joe Biden. The social media platform is the first of the three stages in the company’s plans, followed by a subscription video-on-demand service called TMTG+ that will feature entertainment, news and podcasts, and an entry to the cloud-computing space, according to the release.

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History of this topic

'Lol, ok': Trump hiring man said to have 'sued a cow' leads to internet ridicule
1 week, 3 days ago

'Lol, ok': Trump hiring man said to have 'sued a cow' leads to internet ridicule

Raw Story  

Donald Trump's critics laughed at the president-elect's announcement on Saturday. Trump's announcement of a spot for Truth Social CEO Devin Nunes prompted one reporter to describe purported "conflicts of interest." Santiago Mayer, a political commentator and the founder of Voters Of Tomorrow, said, "Every time anyone mentions Devin Nunes my immediate reaction is 'you mean the guy who sued a …

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 …

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 …

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 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 …

'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 …

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 …

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 …

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 …

Ahead of the Election, Social Media Platforms Have Given Up
1 month, 3 weeks ago

Ahead of the Election, Social Media Platforms Have Given Up

Wired  

Our social media platforms and government have had four years to get this right. In the days following January 6, Meta, Twitter, YouTube, and Twitch suspended former president Donald Trump over posts the companies said glorified the violence at the Capitol. Jim Jordan was elevated to chair of the powerful House Judiciary Committee and immediately launched investigations stifling the work …

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 …

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 …

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 …

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 …

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 …

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 …

Trump shooter's alleged social media posts 'revealed' by website's CEO
4 months, 4 weeks ago

Trump shooter's alleged social media posts 'revealed' by website's CEO

Daily Mail  

The CEO of the social networking website Gab has revealed posts that he claims may have been written by Donald Trump 's would-be assassin Thomas Crooks. Andrew Torba said on Wednesday that an unnamed law enforcement agency informed him that Crooks may have posted pro-Biden messages on Gab, a platform known for its alt-right users and conspiratorial content. In another …

Meta to ease restrictions on Trump's Facebook and Instagram accounts
5 months, 1 week ago

Meta to ease restrictions on Trump's Facebook and Instagram accounts

India TV News  

Meta announced that it would roll back certain restrictions which were imposed earlier on former U.S. President Donald Trump- for using Facebook and Instagram. Background of suspension and reinstatement Following the events of January 6, when Meta indefinitely suspended Trump's accounts due to his comments which were praising the individuals involved in storming the U.S. Capitol. Changes in monitoring Meta …

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 …

The Supreme Court nears the end of another momentous term. A decision on Trump’s immunity looms
5 months, 3 weeks ago

The Supreme Court nears the end of another momentous term. A decision on Trump’s immunity looms

Associated Press  

WASHINGTON — In the last 10 days of June, on a frenetic pace of its own making, the Supreme Court touched a wide swath of American society in a torrent of decisions on abortion, guns, the environment, health, the opioid crisis, securities fraud and homelessness. The court also will decide whether state laws limiting how social media platforms regulate content …

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 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, …

Trump's Truth Social Stock Is Plummeting — Again
8 months, 1 week ago

Trump's Truth Social Stock Is Plummeting — Again

Huff Post  

LOADING ERROR LOADING Shares of Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, plummeted Monday after the struggling business filed to potentially increase the number of shares for sale. Trump Media’s stock has been in a downward spiral since the company went public last month following a merger with a shell company. Trump’s company …

Truth Social shares hit grim milestone as price sinks again
8 months, 1 week ago

Truth Social shares hit grim milestone as price sinks again

Raw Story  

Share prices for the Trump Media and Technology Group Corporation sank yet again on Friday, marking the fifth straight day this week that the value of former President Donald Trump's social media venture has continued to slide. CNBC reports that shares in Trump Media dipped below $30 on Friday, a grim milestone for the company that signals it has lost …

More than 13,000 say Trump should be investigated for Truth Social stock fraud
8 months, 3 weeks ago

More than 13,000 say Trump should be investigated for Truth Social stock fraud

Raw Story  

Trump's Truth Social Nasdaq run so far has been topsy turvy — having suffered a nearly $4 billion hit since last week's money monsoon debut — and now a petition has amassed 13,000 digital signatures to push for former President Donald Trump to be investigated for fraud. "Just days after it went public, and its stock price placed its value …

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023
8 months, 3 weeks ago

Trump’s Truth Social stock tanks after new SEC filings reveal $58m loss in 2023

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 After a blockbuster debut on the Nasdaq last week, the …

Truth Social shares go into freefall after investors learn how much money it really makes
8 months, 3 weeks ago

Truth Social shares go into freefall after investors learn how much money it really makes

Raw Story  

Investors on Monday got their first peek at the financials of the Trump Media & Technology Group, the owner of the Truth Social platform — and they did not like what they saw. Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its …

Shares in Trump Media tumble after filings reveal a $58m loss last year
8 months, 3 weeks ago

Shares in Trump Media tumble after filings reveal a $58m loss last year

Al Jazeera  

The company debuted on the stock market last week, offering Trump a ray of hope amid pending financial woes. Shares in former President Donald Trump’s Trump Media & Technology Group surged last week after debuting on the stock market in the United States. Trump Media’s stock made a strong debut on March 26, fuelled by retail buyers, including some supporters …

Trump's 'volatile' Truth Social stock will tank until the company is bankrupt: expert
8 months, 3 weeks ago

Trump's 'volatile' Truth Social stock will tank until the company is bankrupt: expert

Raw Story  

Trump Media and Technology Group, the company that handles the former president's Truth Social platform, went public this month, after a long-sought merger that creates billions in market cap. According to USA TODAY, "Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 …

Truth Social going public won’t help Donald Trump financially.
8 months, 3 weeks ago

Truth Social going public won’t help Donald Trump financially.

Slate  

To a casual observer, it may seem that Donald Trump’s bet to build up his own social network—after getting booted from his own “beautiful Twitter account” post-insurrection—may have literally paid off. On Tuesday, shares in Trump Media & Technology Group, the parent entity for the ex-president’s homegrown Truth Social platform, began trading on the Nasdaq after the company’s successful merger …

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 …

Donald Trump's social media firm soars on its stock market debut in New York
8 months, 4 weeks ago

Donald Trump's social media firm soars on its stock market debut in New York

Daily Mail  

Shares in Donald Trump’s social media business soared on their stock market debut in New York yesterday – valuing the former US president’s stake at nearly £5billion. ‘This valuation may be more of a proxy on the enthusiasm of supporters for Trump than a reasonable estimate of underlying business prospects.’ Trump Media’s Nasdaq debut came after it completed its merger …

Donald Trump's social media company Truth Social soars over 30% on first day of trading on Nasdaq
8 months, 4 weeks ago

Donald Trump's social media company Truth Social soars over 30% on first day of trading on Nasdaq

Hindustan Times  

Donald Trump's social media company, Truth Social, jumped more than 30% on its first day of trading on Nasdaq. After Monday's merger, Truth Social's parent company, Trump Media, took over Digital World’s place on the Nasdaq stock exchange. Donald Trump's Truth Social jumps more than 30% on Nasdaq Trump's Truth Social soars on Nasdaq following DWAC merger Truth Social's shares …

Trump social media company Truth Social surges in Nasdaq debut
8 months, 4 weeks ago

Trump social media company Truth Social surges in Nasdaq debut

Raw Story  

Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. merged Monday with a …

‘Trump 2024 to the Moon’: MAGA Fans Go All In on Truth Social Stock
54 years, 11 months ago

‘Trump 2024 to the Moon’: MAGA Fans Go All In on Truth Social Stock

Wired  

Truth Social, former president Donald’s Trump’s clone of Twitter, has a fraction of the users of competitors like Reddit and X. Still, Trump’s fans have posted on Reddit, X, and Truth Social about how they plan to hold the stock in defiance of traditional investing logic. “At least waiting for the election win,” one user posted, with the tag Diamond …

Trump’s social media company gains in its first day of trading on Nasdaq
8 months, 4 weeks ago

Trump’s social media company gains in its first day of trading on Nasdaq

Associated Press  

NEW YORK — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. merged Monday …

Trump’s social media company to start trading on the Nasdaq on Tuesday
8 months, 4 weeks ago

Trump’s social media company to start trading on the Nasdaq on Tuesday

Associated Press  

NEW YORK — Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Truth Social launched in February 2022, one year …

Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know
9 months ago

Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know

ABP News  

The merger between Digital World Acquisition Corp and Trump Media & Technology Group, the entity behind former US President Donald Trump's social media platform Truth Social, received shareholder approval this Friday. The approval by DWAC shareholders marks a pivotal step towards listing TMTG on the stock market, a move that could potentially inject $300 million in cash into the social …

'Hemorrhaging users': Trump's Truth Social's longtime 'viability' questioned after merger
9 months ago

'Hemorrhaging users': Trump's Truth Social's longtime 'viability' questioned after merger

Raw Story  

The merger on Friday between Digital World Acquisition Corp. and the Trump Media & Technology Group, the parent company of Donald Trump's Truth Social, may have resulted in a temporary $3 billion windfall for the former president, but technology experts are more than skeptical that the merged company will survive in the long term. The report notes that after three …

Trump’s Truth Social IPO plan to raise $3bn may not end his cash woes
9 months ago

Trump’s Truth Social IPO plan to raise $3bn may not end his cash woes

Hindustan Times  

Investors have given the green light for Truth Social's parent company, Trump Media, to go public in a deal that is expected to make former President Donald Trump billions. FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump gestures at a campaign event ahead of the Republican presidential primary election in North Charleston, South Carolina, U.S. February 14, …

Trump’s Truth Social is headed for Wall Street in merger that could reap billions
9 months ago

Trump’s Truth Social is headed for Wall Street in merger that could reap 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 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 platform that launched in the volatile …

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