On the game show “Who Wants to Be a Millionaire,” contestants were given three lifelines, such as asking the audience or phoning a friend, to preserve their chance at a financial fortune. But when it comes to the billionaire Donald Trump, a different kind of lifeline may keep his finances afloat. Axios on Friday reported that Trump Media and Technology Group, the parent company of the social media platform Truth Social, is merging with a special purpose acquisition company (commonly known as...
The rightwing social network’s flotation, supported by fans of the ex-president, makes it look like part of the ‘meme stock’ phenomenon• Business live – latest updatesDonald Trump’s social network went public on Tuesday and quickly achieved a valuation of almost $8bn (£6.3bn), a gain of more than 15% on its initial public offering (IPO) value. Shares rose again in volatile trading on Wednesday, rising 14% and valuing it at $9.6bn. That enormous success has raised questions, and not all of them...
Donald Trump's social media company Truth Social saw its shares soar about 16% on the first day of listing on Nasdaq, rising nearly 59% during the day. How much is the company valued at presently?Shares of Trump Media and Technology Group Copr. closed at $57.99, up 16.1%, giving the company a market value of $7.85 billion. Trump's stake in the company, which is nearly 60%, is worth about $4.6 billion.Trump Media on Monday merged with a blank-check company called Digital World Acquisition Corp....
Trump Media is set to go public in a SPAC merger as early as next week, in
Former President Donald Trump, the 2024 presumptive Republican presidential nominee, told Breitbart News exclusively that he was shocked late-night comedian and Oscars host Jimmy Kimmel walked right into his trap by reading his Truth Social post about Kimmel during the show.
The people purchasing stock of the Trump Media and Technology Group are likely buying shares out of loyalty to the former president rather than faith in it as a good long-term investment, argues the University of Florida's Jay Ritter.
The establishment media have air-balled yet another big story with regard to former President Donald Trump as the merger between a SPAC and the company behind Trump’s Truth Social social media platform was approved Friday despite nonstop predictions the past couple years that this would not happen.
Here are some things to know about Trump's social media platform and where it fits into the broader social media landscape.
Here are some things to know about Trump's social media platform and where it fits into the broader social media landscape.
Now that Donald Trump’s “media merger” — combining Trump Media & Technology Group (which operates the social media platform Truth Social) and the SPAC known as Digital World Acquisition Corp. — has been approved, folks are wondering: Could the former president sell the stock to cover his bond in the New York fraud judgment? There are of course all sorts of lenders, but it is not obvious what kind would be willing to lend Trump a sum of money as large as he needs against his share in a company...
Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the platform formerly known as Twitter following the Jan. 6 attack on the U.S. Capitol.
Jeet Heer Deplatforming the former president hasn’t worked, so America needs to rediscover his depravity.