Shares for Trump Media have dropped by more than 10 percent this Wednesday, leaving the company with a valuation less than $5 billion, reports show. Share prices dropped to $33.58 from the previous $70.90 that the stock opened with on the first day it went public last month. As NBC News points out, Donald Trump is the biggest shareholder in the company, holding a nearly 60 percent stake. His shares are now worth less than $2.8 billion, a sharp drop from the more than $5 billion it was...
Former President Donald Trump shared an adoring video of his wife Melania Trump on social media on Sunday after the former first lady's appearance at a campaign fundraiser was mocked.Melania has managed to stay pretty much out of the spotlight while her husband, the presumed 2024 GOP presidential nominee, gears up for a likely rematch in November against President Joe Biden, the Democratic incumbent. However, when Melania was asked last month if she would join her husband on the campaign trail,...
The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp.
Trump Media, whose majority owner is former President Donald Trump, has seen its share price plummet since late March. It owns the Truth Social app.
Over the past few months, Donald Trump has sold golden sneakers, patriotic Bibles, pieces of the suit he wore when getting a mugshot, and a new collection of NFT cards for those who didn’t lose enough on the previous round of Trump NFT cards. Trump doesn’t make these things—the Bible sales are out of inventory that has been around for years, the shoes and cards are something he sticks his name on for a hefty percentage—but just about anything goes when trying to fill the money pit left by $100...
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...
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...
Japan looks set to be unveiled as a 'partner' of the defense pact between Australia, the UK and the US next week.
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 military leaders are sounding the alarm ahead of Donald Trump’s Supreme Court immunity hearing later this month. Retired four-star admirals and generals, along with former secretaries of the U.S. Army, Navy and Air Force, want to warn the justices about the dangers of his presidential immunity claim. Unless Trump’s theory is rejected, they wrote in an amicus brief, “we risk jeopardizing America’s standing as a guardian of democracy in the world and further feeding the spread of...
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A former detainee at the infamous Abu Ghraib prison described to jurors in Virginia the abuse he suffered in more than a month of incarceration in 2003