With share prices falling, key players at Trump Media & Technology Group will still stand to have good payday
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.
As critics question Trump Media's value, the company has become by far the most expensive stock in the U.S. to sell short.
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 & Technology Corp parent company of Truth Social faces hacking lawsuit. Board member Eric Swider accused of conspiring to oust original architect, amidst growing legal & financial challenges. read more
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
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.
Nick H. Penniman What if it were the start of a movement?
Trump Media, which owns Truth Social, was sued in February by Andy Litinsky and Wes Moss, two former contestants on Trump's reality TV show The Apprentice.