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, 2024. REUTERS/Sam Wolfe/File Photo Upon completion of the merger, the company will be renamed Trump Media & Technology Group and will trade under the ticker symbol DJT, derived from Trump’s initials. The company’s overvaluation, declining user base, and lock-up restrictions make it difficult for Trump to monetize his stake and address his pressing financial obligations.

Media Financial Trump Company Trump Media Truth Social Merger  ipo  trump  3bn  lockup  truth  period  cash  end  social  raise  plan  woes  merger  company  financial  shares  trumps  media  stake

History of this topic

'Conflicts of interest': Reporter highlights potential concerns with Trump's newest picks
1 week, 3 days ago

'Conflicts of interest': Reporter highlights potential concerns with Trump's newest picks

Raw Story  

Donald Trump on Saturday announced a new position for Truth Social CEO Devin Nunes, prompting one reporter to describe purported "conflicts of interest." But over the weekend, Trump announced that Nunes would be Chairman of the President's Intelligence Advisory Board, "which consists of distinguished citizens from outside of the Federal Government." "While continuing his leadership of Trump Media & Technology …

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 …

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 …

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 …

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 …

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 …

Trump's Social Media Stock Soars as Election Looms
Trending News
1 month, 2 weeks ago

Trump's Social Media Stock Soars as Election Looms

CNN  

Trump's social media company, Truth Social, is experiencing a surge in popularity as the United States approaches the polls. Shares of the company have gained 13% on Tuesday morning, representing a rebound from recent losses. This surge has been attributed to the upcoming election and the potential impact it could have on the outcome of the White House race. However, …

Trump loses $1.3bn in net worth after his social media stock tanks
1 month, 3 weeks ago

Trump loses $1.3bn in net worth after his social media stock tanks

The Independent  

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’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’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's campaign can't get in the way of his new grift
3 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 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 …

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

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

Raw Story  

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

Crypto is the new Trump family business. Ethics watchdogs have concerns.
3 months, 3 weeks ago

Crypto is the new Trump family business. Ethics watchdogs have concerns.

Politico  

While the details of Eric Trump and Donald Trump Jr.'s crypto endeavor haven’t yet been announced, it could stand to benefit from a second Trump administration’s approach to support the industry. Crypto is the latest ethics concern to arise around the Trump family’s businesses, which drew intense scrutiny during his first administration after he opted not to divest his holdings …

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 …

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 …

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 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 …

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

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

Associated Press  

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

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

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

Hindustan Times  

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

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

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

Raw Story  

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

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

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

Raw Story  

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

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

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

Raw Story  

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

Trump Media's stock price plummets as SEC charges auditor of 'massive fraud', imposes lifetime ban
7 months, 3 weeks ago

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

Hindustan Times  

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

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

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

Associated Press  

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

Investors admit shorting Truth Social stock to crash Trump's dream of cashing in
7 months, 4 weeks ago

Investors admit shorting Truth Social stock to crash Trump's dream of cashing in

Raw Story  

Some investors who have been shorting the stock offering from Trump Media & Technology Group, the parent company of the Truth Social platform in which Donald Trump holds a major stake, are admitting they have a secondary motive besides cashing in as its value declines. In interviews with the Associated Press, more than a few retail investors suggested they hope …

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 …

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

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

LA Times  

With their life savings, childrens’ college funds and their own retirement prospects at stake, most people probably view investing in stocks as a serious business. “I think they’re dopes,” the veteran entertainment executive Barry Diller said of Trump Media’s investors during a CNBC appearance on April 4. One covered the downsides of Trump Media’s linkage with Trump — that Truth …

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

Trump Media stock plummets after big streaming service announcement: analysis

Raw Story  

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

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 stock plunges again after series of early morning punches
8 months, 1 week ago

Truth Social stock plunges again after series of early morning punches

Raw Story  

Stock in Trump Media & Technology Group took a precipitous drop in value before trading officially opened on Monday morning and then continued to stay under $30 a share after trading commenced. According to an early report from Barron's, leery investors' skepticism flared up as Donald Trump headed to a Manhattan courtroom where he is facing 34 felony counts related …

Discover Related