Donald Trump reevaluating Twitter lawsuit after Elon Musk’s $44bn takeover
2 years, 8 months ago

Donald Trump reevaluating Twitter lawsuit after Elon Musk’s $44bn takeover

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 Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump is reevaluating his lawsuit against Twitter in the wake of Elon Musk’s propsoed $44bn takeover of the social media platform that the former president remains banned from. “When all of that happens, we expect to sit down with him and talk about the case, see what we can work out,” Mr Trump’s lawyer John P Coale told The Washington Times. Mr Trump was permanently suspended from Twitter in the wake of the 6 January attack by his supporters on the US Capitol and for denying the legitimacy of Joe Biden’s election victory. Mr Musk’s proposed purcahse of Twitter, has led critics to suggest that he may allow banned right-wing figures such as Mr Trump and Marjorie Taylor Greene back ontothe platform.

Trump Musk Twitter Mr Trump Elon  trump  lawsuit  musks  reevaluating  latest  social  elon  headlines  44bn  going  donald  media  twitter  mr  takeover  truth

History of this topic

Mark Zuckerberg's MAGA conversion is complete as he tears up the internet and remakes it in Trump's image
1 day, 21 hours ago

Mark Zuckerberg's MAGA conversion is complete as he tears up the internet and remakes it in Trump's image

Daily Mail  

Mark Zuckerberg's announcement that he will end 'fact-checking' on Meta completes his turn from a man who banned Trump from his platform to a full supporter of the president-elect. Mark Zuckerberg 's announcement that he will end 'fact-checking' on Meta completes his turn from a man who banned Trump from his platform to a full supporter of the president-elect Zuckerberg …

Zuckerberg’s MAGA turn insulates Meta for a while. But the business has bigger problems
Top News
1 day, 23 hours ago

Zuckerberg’s MAGA turn insulates Meta for a while. But the business has bigger problems

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. New York CNN — Four years ago, Meta CEO Mark Zuckerberg banned Donald Trump from Facebook and Instagram, saying the risks of allowing him on the platforms were “simply too great” after Trump repeatedly used the sites to broadcast election lies and cheer on the January 6 mob. In …

Musk ripped for demanding more ‘positive, beautiful’ content on his social media platform
1 week, 3 days ago

Musk ripped for demanding more ‘positive, beautiful’ content on his social media platform

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 Elon Musk has been ripped for demanding people share more …

'He doesn't care': Elon Musk's call for 'more positive' attitudes instantly backfires
1 week, 3 days ago

'He doesn't care': Elon Musk's call for 'more positive' attitudes instantly backfires

Raw Story  

Elon Musk on Sunday asked for "more positive" content to be posted to the social media network he owns, resulting in some reminders about his own negative attitude at times. Musk, the richest man in the world and an appointee of President-elect Donald Trump, took to X to say, "Please post a bit more positive, beautiful or informative content on …

How Elon Musk’s influence has grown both online and offline in 2024
1 week, 6 days ago

How Elon Musk’s influence has grown both online and offline in 2024

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. The debate around the billionaire has moved on dramatically over the last 12 months, from whether the …

'Hurts everyone': Finger-pointing takes over social media after spending bill implodes
2 weeks, 6 days ago

'Hurts everyone': Finger-pointing takes over social media after spending bill implodes

Raw Story  

The spectacular implosion of the Donald Trump-backed temporary spending bill sent Washington insiders and political observers into a mad dash to explain their position – and in some cases criticize their own party. “The takeover is complete,” Condé Naste legal affairs editor Luke Zaleski posted to his social media feed after the failed vote Thursday. “Trump and Musk told congressional …

Chandigarh man’s reaction after Elon Musk, Sundar Pichai respond to his post
3 weeks, 1 day ago

Chandigarh man’s reaction after Elon Musk, Sundar Pichai respond to his post

Hindustan Times  

It is not everyday that two of the world’s most influential CEOs respond to your post. Deepak Kumaar, a Chandigarh-based content creator, can now add a new achievement to his social media cred - having Elon Musk and Sundar Pichai respond to his X post. Sundar Pichai is the CEO of Google, while Elon Musk owns social media giant X …

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
3 weeks, 6 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

The rise of Bluesky: Elon Musk’s decentralised rival reaches 25 million users, rises as Twitter’s social media rival
1 month ago

The rise of Bluesky: Elon Musk’s decentralised rival reaches 25 million users, rises as Twitter’s social media rival

Live Mint  

Bluesky, a decentralised social media platform, is witnessing significant growth, with its user base nearing 25 million. While platforms like Mastodon and Threads initially attracted users, Bluesky emerged as a promising alternative, particularly after Donald Trump’s recent presidential election. Musk’s social media platform has 611 million users as of April 2024. According to a Bluesky representative, the platform’s open network …

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s
1 month ago

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s

Associated Press  

Elon Musk was the sole funder of a super PAC formed less than a month before the election that focused on advertising intended to convince voters that Donald Trump ‘s stance on abortion was akin to that of late Supreme Court Justice Ruth Bader Ginsburg. A group titled RBG PAC, formed in mid-October, received a single contribution of $20.5 million …

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

Elon Musk pushing agenda for X in social media ban criticism Australia PM Albanese says
Top News
1 month, 1 week ago

Elon Musk pushing agenda for X in social media ban criticism Australia PM Albanese says

The Hindu  

Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban, legislated this week. The ban, which the centre-left government says is world-leading, could strain …

Australia PM fires back at Elon Musk’s ‘backdoor to internet control’ remark on social media ban: ‘As the owner of X...’
Trending News
1 month, 1 week ago

Australia PM fires back at Elon Musk’s ‘backdoor to internet control’ remark on social media ban: ‘As the owner of X...’

Live Mint  

Australian Prime Minister Anthony Albanese and tech billionaire Elon Musk are at odds over a new law that bans children under 16 from joining social media platforms in Australia. The Ban: PM Albanese’s Stand Against Social Media Harms Anthony Albanese’s government passed the legislation last Thursday, targeting platforms like X, TikTok, and Instagram. Elon Musk Fires Back: “A Backdoor to …

Is Elon Musk considering buying US media outlet MSNBC?
1 month, 2 weeks ago

Is Elon Musk considering buying US media outlet MSNBC?

Firstpost  

Elon Musk has sparked speculation about acquiring MSNBC after jokingly asking, ‘How much does it cost?’ on X. Musk’s memes and mockery have stirred debates about media control and power, reminiscent of his $44 billion Twitter purchase US President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, …

Elon Musk confirms that he’s limiting people’s ability to share outside news on X
1 month, 2 weeks ago

Elon Musk confirms that he’s limiting people’s ability to share outside news on X

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. Read our privacy policy Elon Musk has appeared to confirm that his social media company X, formerly …

Elon Musk Ponders Buying MSNBC: 'How Much Does It Cost?'
1 month, 2 weeks ago

Elon Musk Ponders Buying MSNBC: 'How Much Does It Cost?'

Huff Post  

LOADING ERROR LOADING Elon Musk shared memes about buying MSNBC over the weekend after Comcast, MSNBC’s parent company, announced that it was spinning off its cable networks into a new company. On X, formerly known as Twitter, Donald Trump Jr. mentioned Musk in a post claiming that MSNBC was for sale, writing, “I have the funniest idea ever!! — Elon …

Elon Musk toys with idea of buying MSNBC 'for spits and giggles': reports
1 month, 2 weeks ago

Elon Musk toys with idea of buying MSNBC 'for spits and giggles': reports

Raw Story  

Elon Musk has been toying with the idea of doing to MSNBC what he did to the social media site formerly known as Twitter, according to a report Monday. The telecommunications giant Comcast announced last week it would spin off several media properties, including MSNBC and CNBC, into a separate public company, and Musk's right-wing allies immediately pushed the tech …

Social media age ban inquiry flooded with 15,000 submissions after Elon Musk weighs in
1 month, 2 weeks ago

Social media age ban inquiry flooded with 15,000 submissions after Elon Musk weighs in

ABC  

A rushed inquiry into the government's proposed laws to ban children and young teenagers from social media has been inundated with about 15,000 submissions, despite having only been open for 24 hours. Musk questions government's motive Under Labor's plans, children younger than 16 will be barred from using social media platforms including Instagram, TikTok, Snapchat and X. "The government's deal …

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’
1 month, 2 weeks ago

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’

Hindustan Times  

Elon Musk, the Tesla CEO and SpaceX, has hinted that he might be considering purchasing MSNBC, a leftist cable news network. Elon Musk, the richest man in the world inquired, “How much does it cost?”, hinting at his plans to buy MSNBC. The richest man in the world inquired, “How much does it cost?” “The most entertaining outcome, especially if …

‘Funniest idea ever’: Elon Musk and Donald Trump Jr suggest buying MSNBC
1 month, 2 weeks ago

‘Funniest idea ever’: Elon Musk and Donald Trump Jr suggest buying MSNBC

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. open image in gallery Elon Musk, the world’s richest man, jokingly suggested that he …

Elon Musk Is Planning To Buy MSNBC Now? Here's What We Know
1 month, 2 weeks ago

Elon Musk Is Planning To Buy MSNBC Now? Here's What We Know

ABP News  

X owner Elon Musk might be planning to buy the American news-based television channel and website, MSNBC. — Elon Musk November 22, 2024 Donald Trump Jr continued the joke by responding to Musk with, "I mean it can't be much. 2024, Don Jr: Hey Elon, MSNBC is for sale, I have the "funniest idea." https://t.co/bc6zXT2MBA pic.twitter.com/JFTXU4UeTX — Mario Nawfal November …

Elon Musk responds to Trump Jr’s hint at buying US media outlet: ‘How much does it cost?’
1 month, 2 weeks ago

Elon Musk responds to Trump Jr’s hint at buying US media outlet: ‘How much does it cost?’

Live Mint  

Billionaire Elon Musk responded Friday, November 22, to a social media post re-shared by Donald Trump Jr, asking for the price of a US news media outlet. “How much does it cost?” said Musk, replying to Donald Trump's eldest son's post on X on Friday. !” Musk also shared the post on his X profile, saying, “The most entertaining outcome, …

Elon Musk, Donald Trump, and the rise of the Free Speech Bro.
55 years ago

Elon Musk, Donald Trump, and the rise of the Free Speech Bro.

Slate  

As President-elect Donald Trump’s Cabinet takes shape, Trump has shown a preference for a very clear type: the free speech bro. On this week’s Amicus podcast, Dahlia Lithwick was joined by professor Mary Anne Franks, author of Fearless Speech: Breaking Free From the First Amendment, to discuss why the metaphorical “marketplace of ideas” works so very much like an actual …

Netizens & Businesses Leave Elon Musk Owned X To Create Accounts On Bluesky Post Trump's Win
1 month, 3 weeks ago

Netizens & Businesses Leave Elon Musk Owned X To Create Accounts On Bluesky Post Trump's Win

ABP News  

After the win of former US President Donald Trump in the recent elections, a number of users are fleeing X and switching to another social media platform known as Bluesky. According to a Reuters report, Bluesky reported on Thursday that it has added approximately 2.5 million new users over the past week, bringing its total user base to over 16 …

Donald Trump makes jab about Elon Musk’s ‘constant’ presence in first post-victory speech: ‘I can’t get him out of here’
1 month, 3 weeks ago

Donald Trump makes jab about Elon Musk’s ‘constant’ presence in first post-victory speech: ‘I can’t get him out of here’

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 made a back-handed joke about Elon Musk’sreported constant …

Elon Musk’s X sues to block California law that aims to combat election deepfakes
1 month, 3 weeks ago

Elon Musk’s X sues to block California law that aims to combat election deepfakes

LA Times  

X, the social media app owned by Elon Musk, has sued California in an attempt to block a new law requiring large online platforms to remove or label deceptive election content. X alleges the new law would prompt social media sites to lean toward labeling or removing legitimate election content out of caution. X, though, alleges it would be difficult …

Over 115,000 users leave X after US presidential election
1 month, 3 weeks ago

Over 115,000 users leave X after US presidential election

Deccan Chronicle  

After the 2024 United States Presidential election that confirmed Donald Trump's victory, social media platform X witnessed its largest user exodus since Elon Musk acquired it in 2022, with users migrating to alternatives like Bluesky, CNN reported.More than 115,000 US users deactivated their X accounts the day after the election, and this figure only includes those who deactivated through the …

Guardian moves out of Elon Musk's X
1 month, 3 weeks ago

Guardian moves out of Elon Musk's X

New Indian Express  

Donald Trump's victory in the US Presidential election has triggered a lot of followers to move out of Elon Musk-owned platform X. Musk is a buddy of Trump. Against this backdrop, the British daily newspaper, The Guardian has announced it will no longer post content on Elon Musk’s social media platform, X, from its official accounts. In an announcement to …

Fake AI ‘slop’ posts about Elon Musk surge on Facebook after election
1 month, 3 weeks ago

Fake AI ‘slop’ posts about Elon Musk surge on Facebook after election

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 Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Numerous examples of AI-generated …

The Guardian leaves X, calling it a ‘toxic media platform’
1 month, 3 weeks ago

The Guardian leaves X, calling it a ‘toxic media platform’

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. Read our privacy policy The Guardian newspaper has announced it will stop posting on X, formerly Twitter, …

News publisher flees Elon Musk’s X over ‘disturbing content’ after election
Trending News
1 month, 3 weeks ago

News publisher flees Elon Musk’s X over ‘disturbing content’ after election

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Guardian newspaper has announced it is quitting Elon Musk’s …

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X
1 month, 3 weeks ago

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X

Hindustan Times  

The Guardian, one of the United Kingdom's leading news outlets, on Wednesday announced that it was quitting Elon Musk-owned social media platform X, branding it a "toxic media platform" home to "often disturbing content". In its official statement, the newspaper said that the "toxic content" that was allowed to be fostered in the platform during the US presidential election campaign …

Elon Musk’s $200 million PAC: The game-changer for Donald Trump’s 2024 campaign
1 month, 3 weeks ago

Elon Musk’s $200 million PAC: The game-changer for Donald Trump’s 2024 campaign

Live Mint  

Elon Musk’s America PAC has made a significant impact on the 2024 US presidential race by contributing nearly $200 million to Donald Trump’s campaign. This change enabled the Trump campaign to access Musk’s vast resources, redirecting funds to energize turnout in crucial red states, saving campaign dollars for more targeted ads and national outreach efforts. At his election night party, …

Elon Musk spreading misinformation online? His own AI model Grok says ‘yes’
1 month, 3 weeks ago

Elon Musk spreading misinformation online? His own AI model Grok says ‘yes’

Hindustan Times  

Elon Musk’s own artificial intelligence model Grok has accepted that the Tesla billionaire is spreading misinformation online. The chatbot acknowledged that Musk has spread misinformation on various topics, including the 2024 US presidential elections, by leveraging his reach on X, the social media platform he owns. Elon Musk has significant reach as the owner of X Grok highlighted Musk’s role …

The Guardian to no longer post on ‘toxic media platform’ X
1 month, 3 weeks ago

The Guardian to no longer post on ‘toxic media platform’ X

Al Jazeera  

British news outlet The Guardian has announced it will no longer post content on X due to the “disturbing content” on the “toxic media platform”, including racism and conspiracy theories. “The US presidential election campaign served only to underline what we have considered for a long time: that X is a toxic media platform and that its owner, Elon Musk, …

Bluesky sees huge surge in new users following Trump victory
1 month, 4 weeks ago

Bluesky sees huge surge in new users following Trump victory

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. Read our privacy policy More than 700,000 people have joined the social media app Bluesky since last …

Web Summit kicks off in Lisbon as tech leaders weigh Trump’s return
Trending News
1 month, 4 weeks ago

Web Summit kicks off in Lisbon as tech leaders weigh Trump’s return

Hindustan Times  

* Web Summit kicks off in Lisbon as tech leaders weigh Trump’s return Tech leaders and lawmakers to discuss AI, social media regulation, Trump's impact * Ukrainian officials to discuss innovation amid conflict * Tech execs to examine Elon Musk's influence on Ukraine, SpaceX, digital media By Martin Coulter LISBON, - Lisbon will this week play host to Europe’s biggest …

Elon Musk Emerging To Be Vital Presence At Donald Trump's Mar-A-Lago Following US Election Win
1 month, 4 weeks ago

Elon Musk Emerging To Be Vital Presence At Donald Trump's Mar-A-Lago Following US Election Win

ABP News  

Donald Trump's Florida club Mar-a-Lago has been buzzing with individuals eager to secure roles in his upcoming administration or to push forward their preferred candidates. On the political front, Musk has thrown his weight into the ongoing GOP Senate leadership dispute, backing Senator Rick Scott after Scott endorsed Trump’s stance on recess appointments for his nominees, a move intended to …

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

Elon Musk is now king of the MAGA media universe
2 months ago

Elon Musk is now king of the MAGA media universe

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. To Musk, a born-again MAGA crusader who has spent the last two years reshaping …

Donald Trump dismisses ‘fake and illegal’ Truth Social ‘rumours’ spreading after his election victory
Top News
2 months 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 …

Elon Musk Claims X Breaks All-Time Record In User Engagement, Thanks To US Elections Result
2 months ago

Elon Musk Claims X Breaks All-Time Record In User Engagement, Thanks To US Elections Result

ABP News  

Elon Musk’s social media platform X recently reported an all-time high in user engagement, citing an extraordinary 434.1 billion user seconds on the day of the US election results. While the exact reasons behind the spike remain unclear, it's not surprising that the political climate may have driven users to engage more heavily on X. Musk’s own comments on the …

Trump just made $500 million with a single Truth Social post
2 months 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
2 months 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 …

Twitter: Want to fight Donald Trump and Elon Musk? Delete your X accounts.
2 months ago

Twitter: Want to fight Donald Trump and Elon Musk? Delete your X accounts.

Slate  

By the time Elon Musk closed his $44 billion purchase of Twitter in October 2022, aided in large part by a mafia of big banks and reactionary hedge fund owners, he’d already made quite clear what his new political project was going to be. He’d been egged on throughout the year by a coterie of far-right influencers and yes-men who …

'Truth Social is dead in the crib' after election win: analyst
Trending News
2 months 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
2 months 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
2 months 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
2 months 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 …

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