Donald Trump last week told a court he could not secure a $454 million bond, but he was reportedly “more than $5 billion richer” Tuesday and saw his net worth “more than double” in the space of just hours, all thanks to the parent company of his Truth Social social media platform that went public Monday and began trading Tuesday morning.“Former President Donald J. Trump’s social media company soared in its first day of trading on the Nasdaq on Tuesday,” The New York Times reported, just before...
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...
CNN’s Alayna Treene and Kevin Liptak look at Donald Trump’s eyebrow-raising comments, and how the Biden administration is reacting
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
New York Attorney General Letitia James is preparing to seize Mr Trump’s assets if he is unable to come up with the $464m bond in his Manhattan fraud trial
Shareholders of the shell company that plans to acquire Donald Trump’s Truth Social have approved the takeover of the social media firm, which could mean a multi-billion dollar windfall for the former president as he tries to return to the White House. Digital World Acquisition Corp (DWAC) is what’s known as a special purpose acquisition company, or SPAC. Since going public in 2021, its special purpose has remained the eventual acquisition of Truth Social, which got its start after Trump got...
President Joe Biden, appearing at one of DC’s oldest traditions, the Gridiron Dinner, made some sharp quips about his rival Donald Trump but then turned serious about the threat that his rival poses to democracy. The dinner tradition, which dates to the 19th century, is a white-tie night with journalists performing musical skits and politicians […]
For the first time in almost 30 years, part of Donald Trump’s business empire is going public. Trump Media & Technology Group, the owner of struggling social media platform Truth Social, is set to begin its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.” Wall Street is assigning Trump Media an eye-popping valuation of around $9 billion – a price tag that experts warn is untethered to reality. Shares of Digital World Acquisition Corp., the shell...
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.
A strong majority of Ohio's Republican primary voters believe that the state's incoming U.S. Senator should support Donald Trump, per a poll.