Trump Media & Technology Group, the parent company of Truth Social, asked Congress on Tuesday to investigate “potential manipulation” of its share price. Trump Media CEO Devin Nunes voiced concerns about “naked” short selling of the company’s stock in a letter to the Republican chairs of the House Judiciary, Oversight, Financial Services and Ways and … Read more
Former US president Donald Trump is no longer one of the richest 500 in the world. His name is now missing from the list of Bloomberg Billionaires Index which daily ranks the world’s 500 richest people. Trump’s name got removed from the list after the stock price of his social media company, Truth Social, plummeted … Read more
Shares in Trump Media & Technology Group, the parent company of former President Trump’s Truth Social platform, continued to fall at the start of the trading week Monday, dipping another 10 percent. Trump Media’s shares were hovering around $36 as of Monday morning, after closing at about $40 Friday. The latest numbers mark a steep … Read more
Truth Social parent company Trump Media is a “scam,” billionaire investor Barry Diller told CNBC in an interview Thursday. “It’s a scam, just like everything he’s ever been involved in is some sort of con,” Diller said on CNBC’s “Squawk Box,” referring to former President Donald Trump and Trump Media & Technology Group. Diller also … Read more
Former President Trump argued Thursday that Truth Social is “very solid,” after the platform’s parent company reported a $58 million loss last year and saw its shares plunge more than 20 percent this week. “All of the competitors to TRUTH SOCIAL, especially those in the Radical Left Democrats Party who are failing at every level, … Read more
By Matt Egan | CNN Trump Media & Technology Group, the Truth Social owner controlled by former President Donald Trump, recently filed a lawsuit against two of its co-founders seeking to eliminate their stakes in the multi-billion dollar company. The lawsuit marks the latest twist in the legal saga surrounding the quest to bring Trump … Read more
Former President Trump’s social media company is suing two of its co-founders, claiming they failed to perform basic duties and delayed the firm’s recent merger with “a series of reckless and wasteful decisions.” The lawsuit from Trump Media & Technology Group, the parent company of Truth Social, alleges that Wesley Moss and Andrew Litinsky “failed … Read more
Trump Media & Technology Group, the newly formed company whose assets include nascent social media platform Truth Social, has reported 2023 revenue of $4.1 million and a net loss of $58.2 million. The full-year figures were disclosed in new and revised SEC filings Monday. Investors pounced on the numbers, sending shares down more than 25% … Read more
The parent company of former President Trump’s Truth Social platform lost $58 million in 2023, according to new regulatory filings. Trump Media & Technology Group, which went public last week, generated about $4.1 million in revenue last year, with a little more than $750,000 coming in during the fourth quarter, a Securities and Exchange Commission … Read more
3/26: Prime Time with John Dickerson – CBS News Watch CBS News John Dickerson reports on the collapse of a major bridge in Baltimore, Trump’s social media company’s stock market debut, and why the Supreme Court is skeptical about restricting abortion pill access. Be the first to know Get browser notifications for breaking news, live … Read more
