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...
Fox News host Maria Bartiromo confronted Truth Social CEO Devin Nunes on Sunday over former President Donald Trump's media company recently losing $4 billion.A regulatory filing to the Securities and Exchange Commission (SEC) on Monday revealed that Truth Social, which Trump holds a nearly 60 percent stake in, made just over $4.1 million in revenue in its last operating year, but racked up $58.2 million in costs. It revealed an operating loss of $15.96 million.In addition, shares in Trump Media...
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.
Trump Media CEO Devin Nunes said the parent company of the former president’s Truth Social platform is “well positioned” to turn profitable in response to recent criticism. Fox News host Maria Bartiromo asked Nunes on “Sunday Morning Futures” when he expects the company to turn profitable after recent regulatory filings showed Trump Media & Technology
President Joe Biden returned to his birthplace of Scranton, Pennsylvania on Tuesday. 'When I look at the economy I don't see it through the eyes of Mar-a-Lago. I see it through the eyes of Scranton,' Biden argued. He ridiculed former President Donald Trump for his financial woes and said Trump's tagline, You're Fired, 'wasn't entertainment it was a nightmare'
The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp.
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.
Less than a week ago, on April 2, I wrote about Trump Media & Technology Group’s disastrous 8-K filing with the Securities and Exchange Commission, which literally said the company that owns Truth Social couldn’t pay its bills. At the time, the company was worth $8.84 billion, with Donald Trump’s share valued at a whopping $5 billion. But as I wrote then, Trump would never see that kind of money, and the week since hasn't disappointed. As I write this, TMTG—whose stock ticker is Trump’s...
The Apprentice starring Sebastian Stan is already a hot button project, and it has barely started filming. Variety gave us one of the first images to emerge from this...
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...
Presumably, if Donald Trump were worth the many billions that he claims to have, he would not have needed to save his failing social media company with $8 million in loans from a Caribbean off-shore bank that largely services the porn industry, specifically payments made for what the redtube trade calls “camming,” a live, online peep show. More
Criminal defense attorney and former contestant on “The Apprentice” Stacy Schneider speaks with CNN’s Jake Tapper about former President Donald Trump’s rhetoric now that a jury has been selected for his upcoming hush money trial.