Trump Media and Technology Group

17 Stories

The World's Richest Had a Very Good Post-Election Day

Elon Musk, Jeff Bezos, Larry Ellison saw windfalls in the billions after Trump was elected

(Newser) - Wednesday was a very good day for Donald Trump, who learned in its wee hours that he had secured himself a second term in the White House, but it was also a happy day for planet Earth's richest dudes as the stock market surged . Quartz takes a look around...

Trump Media, Tesla, Bitcoin Are Surging
Stock Market Surges
Amid Trump Win
Nov 6, 2024 6:05 AM CST

Stock Market Surges Amid Trump Win

His promise of low corporate tax rates boosts investor confidence

(Newser) - The dollar spiked, bitcoin hit a record high, and US stock futures soared early Wednesday at the prospect of another Donald Trump presidency and a possible red sweep of Congress. Futures on the Dow Jones Industrial Average soared 1,254 points, or about 2.9%. The last time the Dow...

Trump Loses $1.3B in a Day
Trump Lost $1.3B Wednesday
Oct 31, 2024 6:04 AM CDT

Trump Lost $1.3B Wednesday

Trump Media stock falls 22.3% in its 'worst-ever day,' and it's not clear why

(Newser) - Former President Trump's net worth fell more than $1 billion on Wednesday as his social media company took a sudden dive. Indeed, it was "the worst-ever day" for Trump Media and Technology Group, whose shares fell 22.3%, the largest percentage since the company went public in March,...

Trump's Truth Social Now Worth More Than Musk's X

Trump Media stock has more than quadrupled since September

(Newser) - Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media and Technology Group is now valued at over $10 billion after its shares more...

In 'Major Moment' for Trump Media, Stock Takes a New Dip

Restrictions lift on Trump, others being able to sell shares, with price dropping to record low of $13.73

(Newser) - Stock for Trump Media and Technology Group , the parent company behind Donald Trump's Truth Social platform, hasn't been faring so well in recent weeks, though everyone has been waiting to see what happened Friday, when lockup restrictions barring the former president and other investors from selling their shares...

Trump Media's Gains for the Year Wiped Out
Add Trump Media to
List of Debate Losers
UPDATED
Sep 11, 2024 10:30 AM CDT

Add Trump Media to List of Debate Losers

Stock is trading at lowest-ever intraday level

(Newser) - Add Trump Media to the list of losers in the wake of Tuesday night's presidential debate. NBC News reports shares dropped more than 17% Wednesday morning, to its lowest-ever intraday level. As of this writing, it's trading down 16.86%, at $15.49. Shares had been up by...

Trump Media Stock Takes a Beating
Trump Media Stock
Hits a Fresh Low
UPDATED
Sep 4, 2024 10:00 AM CDT

Trump Media Stock Hits a Fresh Low

It sank below the $18 mark for first time on Tuesday

(Newser) - Trump Media stock hit a new low on Tuesday, falling below the $18-per-share mark for the first time. Quartz reports the stock price went as low at $17.72 during trading but closed at $18.08. That's a drop of more than 75% from the company's March 26...

Trump Sees a Surge in Wealth, 2024 Chances

He just gained $1.2B in Trump Media stock and a really good chance at the presidency, as crypto soars

(Newser) - In a few short days, the assassination attempt on former President Trump has boosted his wealth and his chance of securing the presidency for a second time. The Economist's prediction model now has Trump with a 75% chance of winning the November election, CBS News reports. "[T]he events...

Truth Social's Auditor Is in Hot Water With the SEC

Agency accuses BF Borgers of 'deliberate and systemic failures' in more than 1.5K filings

(Newser) - The auditing company responsible for keeping tabs on the parent company for Donald Trump's Truth Social platform apparently needed an auditor for itself. On Friday, the Securities and Exchange Commission accused BF Borgers of "massive fraud," saying the "sham audit mill" found "deliberate and systemic...

Trump Just Got $1.8B in Trump Media Stock

Though it's worth a bit less than that as of this writing

(Newser) - As of Tuesday, former President Trump owns 64.9% of Trump Media & Technology Group, parent company to Truth Social. That's thanks to the 36 million "earnout" shares he received per a Tuesday filing, bringing his total to 114.75 million shares. As CNN explains, Trump was to...

Trump Media Stock Nosedives Again
Trump Media Stock
Nosedives Again
Apr 15, 2024 1:38 PM CDT

Trump Media Stock Nosedives Again

It drops more than 16% after SEC filing

(Newser) - Trump Media and Technology Group shares plunged again on Monday, falling more than 16% after the company filed to make millions more shares potentially available for sale. The filing with the Securities and Exchange Commission is a first step toward allowing majority shareholder Donald Trump and other insiders to sell...

Truth Social Roller Coaster Sees Another Stock Plunge

Company's shares are at lowest since trading debut, though the volatility is hard to read

(Newser) - Last month, Donald Trump's net worth got a brief boost , thanks to the merger of Truth Social parent company Trump Media and Technology Group with Digital World Acquisition Corp. This month, it's a different story, with NPR reporting that Truth Social shares are "slumping." Most recently,...

Trump Sues Truth Social Co-Founders

Suit claims that former 'Apprentice' contestants 'failed spectacularly at every turn'

(Newser) - Donald Trump wants to cut the two former Apprentice contestants who co-founded Truth Social out of their shares in the company—but it's not as simple as saying, "You're fired." Trump has filed a lawsuit in Florida against Andy Litinsky and Wes Moss, saying they bungled...

Trump Media Drops After $58M Loss Disclosed

Accountants say losses raise 'substantial doubt about its ability to continue as a going concern'

(Newser) - Trump Media and Technology Group shares dropped sharply Monday after the company behind Truth Social disclosed that it had lost more than $58 million last year. The company announced a net loss of $58.2 million for 2023, with $4.1 million in revenue, CNBC reports. That's up from...

Krispy Kreme Jumps 39.4% After Announcing McD's Deal

Trump Media rises 16.1% on first day of trading

(Newser) - Wall Street slipped a bit further from its record heights on Tuesday.
  • The S&P 500 fell 14.61 points, or 0.3%, to 5,203.58 for its third straight modest drop.
  • The Dow Jones Industrial Average fell 31.31 points, or 0.1%, to 39,282.33.
  • The
...

Trump Now Among 500 Richest
Trump's Net Worth Doubles
Mar 26, 2024 6:04 AM CDT

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

Trump's Possible 11th-Hour Cash Cow: Truth Social

Social media company is set to go public, but there are restrictions on what the former president can do

(Newser) - Donald Trump has been struggling to come up with the cash to take care of his massive legal bills as he faces down four criminal indictments, a $454 million civil fraud judgment (bond on that is due by Monday ), and escalating costs owed to E. Jean Carroll , and he'...

17 Stories