Omar Marques | Lightrocket | Getty Images The CEO of Trump Media urged leading House committee chairmen to investigate eight financial firms over concerns of potentially illicit short selling of DJT, whose majority shareholder is former President Donald Trump. “I believe quick action is necessary to protect retail shareholders, identify wrongdoers, and determine whether any … Read more
Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Andrew Harrer | Bloomberg | Getty Images Shares of Trump Media shot up more than 9% on Wednesday, hours after the company revealed it was urging House Republican committee leaders to investigate possible … Read more
Anna Barclay | Getty Images Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price. Trump Media, which owns the Truth Social app, was trading at around $35 per share mid-day Monday. But that price is … Read more
Devin Nunes, chief executive officer of Truth Social, speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Thursday, March 2, 2023. Al Drago | Bloomberg | Getty Images Trump Media CEO Devin Nunes on Friday said he would “do whatever it takes” to defend the company’s retail investors from possible … Read more
Devin Nunes, chief executive officer of Truth Social, speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Thursday, March 2, 2023. Al Drago | Bloomberg | Getty Images Citadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent to the Nasdaq that mentioned Citadel Securities … Read more
Jonathan Raa | Nurphoto | Getty Images Trump Media has warned the Nasdaq market of ‘potential market manipulation’ of the company’s stock by “naked” short selling of shares. The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute … Read more
The merger that led to Trump Media shares becoming publicly traded is also paying off for top executives and other insiders at the company, which owns the Truth Social app regularly used by former President Donald Trump. Corporate filings from Trump Media — which reported a net loss of $58 million last year on revenue … Read more
