April 17 (UPI) — The stock value of former President Donald Trump‘s media company — the owner of app Truth Social — on Tuesday continued to fall more than 14% as the company unveiled its intent to launch a digital live-streaming platform. On Tuesday morning, the Nasdaq-designated DJT stock shares were selling at a total of $25.11. By mid-afternoon […] The post Trump Media value falls additional 14% as new streaming platform launch announced first appeared on Gephardt Daily.
A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummetedFormer president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about...
Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
After weeks of plunging in value, former President Donald Trump's media company stock appears to be on the upswing Monday.According to CNBC, "The share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April. The DJT ticker was up more than $5 per share just before 1 p.m. ET." The company in question, which went public following a merger with a special purpose acquisition company, manages the former president's Truth Social...
The price of DJT has sharply fallen in recent weeks, cutting billions of dollars in value from Trump Media shares held by Donald Trump and others.
The media's ability to shape public opinion is well-documented, and by the end of the second day of the first criminal trial in history of a former U.S. president critics are slamming the content, framing, and focus of mainstream media organizations. The biggest concerns: refusing to cover the former president's apparent inability to stay awake in court, too much identifying information of potential and chosen jurors, and even subtle descriptions that can be used to feed into false perceptions...
It's a big week for Netflix, with first quarter earnings due. Continued paid membership growth should have a big effect on the stock performance.
Even with the bounce, the stock has shed some $5.4 billion from last month, with the value of Trump’s position dropping to $2.1 billion.
On Monday, U.S. stocks closed positively, with the Dow Jones Industrial Average rising by 0.7% to reach 38,239.98, the S&P 500 increasing by 0.9% to hit 5,010.60, and the Nasdaq climbing by 1.1% to settle at 15,451.31 by the end of the day. These are the top stocks that gained the attention of retail traders and investors throughout the day: read more
Donald Trump owns nearly 60% of Trump Media, which operates the Truth Social app. DJT shares are sharply down since their March trading debut.
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.