Stock has become actively shorted as traders are betting on company’s fall, and the ex-president’s stake is now valued at $3bnDonald Trump’s media and technology group, DJT, has lost about 36% of its value since it began publicly trading on 22 March, dropping the former president’s stake to about $2.8bn.As of Monday afternoon, DJT stock was priced at about $36 – down from a high of $66 seen on 27 March. But market analysts are saying it’s too soon to draw any firm conclusions from the...
CFO Phillip Juhan was issued $4.9 million in promissory notes from Trump Media & Technology Group, vs. Nunes’s $1.2 million.
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. O.J. Simpson gripped the nation’s attention for a final time Thursday. As breaking news banners and push alerts crashed onto screens from coast to coast, stunning millions with news of the former National Football League star’s death, the moment produced one last Simpson-centric collective event for the national consciousness....
Trump Media, which owns Truth Social, was sued in February by Andy Litinsky and Wes Moss, two former contestants on Trump's reality TV show The Apprentice.
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the Read More
Shares of 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 146.1 million shares including 114.8 million shares owned by Trump himself.
.Trump's media company raises going-concern doubts; shares tumble.It also listed an additional 21.5 million shares that could be sold upon the exercise of...
Former President Trump declined to take a position on a potential federal abortion ban Monday and instead acknowledged the issue is being left to the states as he looks to navigate the politically fraught issue ahead of November. Trump’s lack of an explicit endorsement drew criticism from some on the right, including a prominent anti-abortion
Former President Donald Trump‘s fundraising efforts picked up steam in the first three months of 2024 as GOP megadonors assisted his third bid for the White House. Trump and the Republican National Committee had already announced they raised $65.6 million in March and ended the month with $93.1 million cash on hand. ELECTION 2024: FOLLOW […]
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...
Former President Donald Trump's now-public media company is facing mounting calls for investigation, as suspicions rise that it could be a vessel for people to peddle favor with the former president by investing in the business.According to The Guardian, "In a three-page letter on Thursday, the Democratic-aligned group Congressional Integrity Project pressed the Republican House oversight chair, James Comer, to launch a parallel congressional investigation into the Trump Media merger and hold...
CNN’s Sara Sidner speaks with investigative journalist David Cay Johnston about the latest drop in value of Trump Media stock.
The firm responsible for auditing Trump Media & Technology Group was labeled as “so seriously deficient in its performance” that it was removed from a national peer review program. BF Borgers was still Trump Media’s independent registered public accounting firm as of April 1, according to a Monday filing with the Securities and Exchange Commission. The auditor was first hired on Jan. 22 2022, when Trump Media was still a privately held company, according to internal documents reported by The...