With share prices falling, key players at Trump Media & Technology Group will still stand to have good payday
For those who swear by Trump being so great for the American economy, here’s something for your bingo card today. His shares of Truth Social just plummeted. That’s his social media app, with the ironic name that he owns and uses to regularly rage over, well, anyone that stands in his way, starting with the […] The post Trump’s Media Stock Plummets, Dropping His Net Worth by $1 Billion first appeared on The Source.
Sachin Bansal’s fintech Navi Technologies has held talks for an external round of funding at a valuation of around $2 billion, multiple people briefed on the matter told ET.Bansal, they said, has discussed raising about $200-300 million from private investors. This may go up depending on how talks progress.The $2-billion valuation, however, is lower than that sought during the previous funding discussions Navi had with investors nearly two years ago in the run up to its proposed initial public...
Just over a week after a winning ticket was sold for a $1.13 billion Mega Millions jackpot, there were no winning tickets for Wednesday night's estimated $1.09 billion Powerball grand prize. So an estimated pot of gold of at least $1.23 billion will be up for grabs in the next Powerball drawing on Saturday night. The amount could rise as more and more tickets are gobbled up.Saturday's jackpot will be Powerball's fourth biggest ever and the eighth largest in U.S. lottery history. The winning...
Donald Trump responded in a Truth Social post after Sen. Lindsey Graham (R-SC) reacted to the former president’s video that outlined his stance on abortion. Republican strategist Alice Stewart weighs in.
Cuban appeared to call out former president Donald Trump in a Sunday
Rachelle Summers is a medical expert who regularly shares tips on TikTok. She most recently revealed that you should be spending just 30 minutes online. The neuroscientist noted that social media can decrease your cognitive function
By customary investment rules, Trump Media & Technology Group (DJT) should still be privately held. For one, Digital World Acquisition Co., the public company that merged with Trump Media on March 26, had previously hit rocks that would have sunk any other ship. DWAC on several occasions had postponed its scheduled purchase of Trump Media, had been fined $18 million by the SEC and been forced to restate its previous filings, had lost its institutional investors and changed its accounting firm....
The stock linked to former President Donald Trump's social media company
Trump Media owns the Truth Social app. Donald Trump, the presumptive Republican presidential nominee, is the company's largest shareholder.
Shares of Donald Trump's media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion. After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities. The company's stock closed 8.4% lower at $37.17 on Monday, a far cry...
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. The company's share price is high relative to its revenue.