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...
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...
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.
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.
Former President Trump fired back Wednesday after Jimmy Kimmel ripped him in jokes about his New York hush money criminal trial and his social media company’s plummeting stock. In a morning post on
The accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday.Ben F Borgers, the founder and managing partner of the accounting firm BF Borgers, spelled his name in 14 different ways in regulatory filings, the Financial Times reported, citing data it had reviewed from the Public Company Accounting Oversight Board.Some variations, like Ben F Brogers and Ben F orgers, appeared to be...
Trump Media shares have plunged in the two days that Donald Trump has been in a New York court for jury selection in his criminal hush money trial.
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.
The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp.
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
The first six jurors were selected in former President Donald Trump's hush money trial on Tuesday afternoon, after a two-day process, whittled down from a potential 96 potential candidates.