Explained | Trump’s social media venture gets a funding boost
3 years ago

Explained | Trump’s social media venture gets a funding boost

The Hindu  

The story so far: On December 4, Trump Media & Technology Group Corp., founded by former U.S. President Donald Trump, and Digital World Acquisition Corp. announced that the latter has raised $1 billion promised investment from “a diverse group of institutional investors”. DWAC, which has signed a merger agreement with TMTG, plans to use the funds to support the former president’s new social media venture. Eight months later the social media and technology company announced its merger with DWAC and unveiled its plan to launch a social network, named ‘TRUTH Social’. “Since it is both hard and expensive to build a new platform totally independent of Big Tech’s infrastructure, it would have to be an extremely well-funded, multi-year undertaking,” Mr. Trump had said in a release. Mr. Trump’s social media venture potentially aims to get a portion of “Big Tech’s” global audience.

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History of this topic

Trump declares a new war on Big Tech
1 week, 6 days ago

Trump declares a new war on Big Tech

Politico  

“At the FTC, we will end Big Tech’s vendetta against competition and free speech,” Ferguson pledged on X. Carr, a longtime conservative gadfly initially nominated to the FCC by Trump and strongly supported by Elon Musk, has leaned into culture-war rhetoric and last month pledged on social media and cable news to smash the “censorship cartel” of Big Tech. Adam …

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, …

'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 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 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 …

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 $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 …

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 …

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 …

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 …

Donald Trump's Truth Social's future doesn't look that good. Here's why
8 months, 1 week 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 …

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 …

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 social media firm soared on its stock market debut. But should you invest? JEFF PRESTRIDGE asks the experts
8 months, 3 weeks ago

Trump's social media firm soared on its stock market debut. But should you invest? JEFF PRESTRIDGE asks the experts

Daily Mail  

What a storming debut for Trump Media & Technology on the US Nasdaq stock market yesterday. Donald Trump's social media firms soared on the first day of trading in New York yesterday The stock market debut of TM&T was as investor-arousing as anything we have seen in quite a while, taking us back to the lockdown days of 2020 and …

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’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 …

Trump's social media company Truth Social to go public as DWAC merger approved
9 months ago

Trump's social media company Truth Social to go public as DWAC merger approved

Hindustan Times  

Donald Trump could land nearly $3 billion, thanks to the merger of his social media company Truth Social. On Friday, the shareholders of Digital World Acquisition Corporation approved a merger with Truth Social's parent company, Trump Media & Technology Group. Donald Trump's social media company Truth Social is set to go public Trump's Truth Social set to go public amid …

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 merger sends stock into immediate free fall: report
9 months ago

Trump's Truth Social merger sends stock into immediate free fall: report

Raw Story  

Moments after Digital World Acquisition Corporation voted to merge with Trump Media, the parent company for Donald Trump's Truth Social platform, its stock took a quick drop — losing 12 percent of its value at one point. The former president was expected to see a $3 billion windfall after the merger was completed but, by the time he is able …

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 …

Trump’s Truth Social Is Going Public
54 years, 11 months ago

Trump’s Truth Social Is Going Public

Wired  

Former president Donald Trump’s Truth Social, a shameless Twitter clone, is set to become a publicly traded company as soon as next week. Shareholders of Digital World Acquisition Corp. voted on Friday to merge with Trump Media and Technology Group, the company behind Truth Social. The vote is a culmination of a years-long saga attempting to merge Trump Media with …

How Donald Trump could make billions from Truth Social’s merger
9 months ago

How Donald Trump could make billions from Truth Social’s merger

Firstpost  

Former US president Donald Trump’s wealth could rise by about $3.4 billion if Trump Media & Technology Group, Truth Social’s parent company, merges with Digital World Acquisition Corporation. Trump’s social media company is poised to go public next week if its long-delayed merger with Digital World Acquisition Corporation is approved. The former president’s Trump Media & Technology Group, which runs …

What we know about Truth Social, Donald Trump’s social media platform
9 months ago

What we know about Truth Social, Donald Trump’s social media platform

Associated Press  

SAN FRANCISCO — Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the platform formerly known as Twitter following the Jan. 6 attack on the U.S. Capitol. Before Truth Social, there was a short-lived blog on Trump’s personal website called “From the Desk of …

Trump’s social media company approved to go public, potentially netting former president billions
9 months ago

Trump’s social media company approved to go public, potentially netting former president billions

Associated Press  

NEW YORK — Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. 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. Ahead of Friday’s approval, Digital World’s regulatory filings listed many of …

Is Donald Trump's Truth Social headed to Wall Street? It comes down to a Friday vote
9 months ago

Is Donald Trump's Truth Social headed to Wall Street? It comes down to a Friday vote

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. The deal's approval would open the door for Trump …

Trump’s social media company is going public. He could get $3 billion
9 months ago

Trump’s social media company is going public. He could get $3 billion

LA Times  

Former President Trump speaks after voting in Florida’s primary election in Palm Beach, Fla., on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, voted Friday to approve a deal to merge with the Trump’s media business. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading …

Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper
9 months ago

Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper

Associated Press  

NEW YORK — The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper. Trump’s company has said it expects to continue losing money for a while, and at least one expert says it’s likely worth far less than the stock market suggests. Trump’s pending return to Wall Street comes down …

'Legal warfare' threatens Trump’s grasp on multi-billion dollar Truth Social deal: report
9 months ago

'Legal warfare' threatens Trump’s grasp on multi-billion dollar Truth Social deal: report

Raw Story  

Former President Donald Trump's media company is facing an internal battle as several figures who played a role in its founding are taking legal action, or are the targets of suits themselves. Trump Media's co-founders, former "Apprentice" stars Andy Litinsky and Wes Moss, along with former DWAC director Patrick Orlando, have all been caught up in litigation. Digital World is …

Donald Trump’s Truth Social is in trouble. So where will he post if it fails?
1 year, 1 month ago

Donald Trump’s Truth Social is in trouble. So where will he post if it fails?

Slate  

Long gone are the days of Donald Trump shitposting his way to the presidency. Stories about Truth Social’s business troubles have proliferated ever since late 2021, when the platform’s parent company brought in a $300 million fundraising haul through a planned merger with a SPAC known as Digital World Acquisition Corp. Related From Slate The Supreme Court Needs to Decide …

Donald Trump’s Truth Social facing ‘substantial doubt’ over future
1 year, 1 month ago

Donald Trump’s Truth Social facing ‘substantial doubt’ over future

The Telegraph  

Donald Trump’s social network is facing “substantial doubt” over its future as it seeks to renegotiate debt repayments, according to US filings. Trump Media and Technology Group, the parent company of Truth Social, has lost $31.6m since it was set up in early 2021, according to Digital World Acquisition Corp, a US shell company planning to take TMTG public. Digital …

Donald Trump's Truth Social lost tens of millions of dollars: report
1 year, 1 month ago

Donald Trump's Truth Social lost tens of millions of dollars: report

Raw Story  

UPDATE: This story has been edited to reflect the Hollywood Reporter's update of its figures to "more accurately reflect TMTG’s net losses as disclosed on its balance sheet." Truth Social has lost tens of millions of dollars since former President Donald Trump launched his ultra-conservative social media site less than two years ago, according to a new report. The outward …

Truth Social’s merger partner reaches $18m settlement with SEC
1 year, 5 months ago

Truth Social’s merger partner reaches $18m settlement with SEC

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 financial firm linked to Donald Trump’s Truth Social platform …

Twitter CEO working to bring advertisers back to platform
1 year, 5 months ago

Twitter CEO working to bring advertisers back to platform

The Hindu  

Twitter's new chief executive, Linda Yaccarino, is working on a slew of measures to bring back advertisers who left the platform under Elon Musk's ownership, including introducing a video ads service, pursuing more celebrities and raising headcount, the Financial Times reported on Wednesday. Yaccarino, who started as CEO on June 5, is planning to launch full-screen, sound-on video ads that …

Donald Trump ponders Twitter return under Elon Musk’s ownership
1 year, 5 months ago

Donald Trump ponders Twitter return under Elon Musk’s ownership

The Telegraph  

Donald Trump is reportedly considering a return to Twitter, with the platform now considered to be a more conservative-friendly space under Elon Musk’s ownership. A source close to the Trump campaign told US news website Axios that the 77-year-old’s return to the social media platform could be strategically used to offset bad news in the run-up to next year’s presidential …

Trump rages about election cheaters as Georgia charges loom
1 year, 6 months ago

Trump rages about election cheaters as Georgia charges loom

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 …

Twitter to focus on video, commerce in business revamp
1 year, 6 months ago

Twitter to focus on video, commerce in business revamp

The Hindu  

Twitter plans to focus on video, creator and commerce partnerships to revitalise the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. Yaccarino, who started as CEO on June 5, told Twitter investors on Thursday that the company is in early conversations …

Trump reports little income from Truth Social, $1M from NFTs
1 year, 8 months ago

Trump reports little income from Truth Social, $1M from NFTs

Associated Press  

NEW YORK — Former President Donald Trump says he’s not making much money from his social media network but estimates it is worth between $5 million and $25 million, according to his personal financial disclosure form filed Friday. He also reported he made between $100,000 and $1 million for a series of digital trading cards he released in December that …

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