Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat. But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing...
Shares of Truth Social parent company have fallen 60% since March market debut as ex-president under financial pressureShares of the former president Donald Trump’s social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.The filing showed a potential sale of 146.1m shares in Trump Media & Technology Group, including 114.8m shares owned by Trump himself. Documents...
Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum share price.
Real estate firm Cebu Landmasters Inc. (CLI) has raised more than P4.28 billion through its recent follow-on offering of preferred shares.
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.
Source: The Washington Post / Getty The value of shares in Trump Media, the parent company of Truth Social, has been cut in half since being available on the public trading market. According to reports, shares of Trump Media & Technology Group, the company that operates the Truth Social social media network, closed at $32.59 Friday (April 12). Despite a late rally, the price reflects a 50% drop from its original peak closing price of $66.22 when it was first made available for public trading on...
Monday’s sale was the bank CEO’s second time selling stock in 19 years.
US stocks endured a difficult week with technology stocks and small caps particularly in the firing line amid disappointing news from the chip sector, escalating tensions in the Middle East and th
Tesla (TSLA) reported first quarter results that missed analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.45 fell short of the $0.52 Wall Street was expecting. Revenue of $21.3 billion fell short of the estimated $22.3 billion. Operating income also missed, $1.17 billion versus the $1.53 billion estimate. However, the company said it plans to accelerate the launch of new models, including a more affordable one. Yahoo Finance's Julie Hyman and Jared Blikre are...
The firm said expenses would be higher this year as it spends heavily on artificial intelligence.
About 7 million New Yorkers plan to leave the state, a new survey revealed this month.In a new Marist poll, 37 percent of New Yorkers—roughly 7 million people—said they plan to move away. The number was slightly more concentrated among Republicans, as 46 percent said they plan to leave the state compared to just 29 percent of Democrats.: How to Sell Your HomeThe mass migration echoes a trend that gained momentum during the COVID-19 pandemic and continued in the years that followed as Northerners...
By BERNARD CONDON Associated Press NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business