Aytac Unal/ | Anadolu | Getty Images Trump Media shares dropped more than 10% in early trading Monday, putting its market capitalization to just below $5 billion. DJT’s plunge followed a 12% decline in its share price on Friday. Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald … Read more
Brazil’s President Jair Bolsonaro and Tesla CEO Elon Musk talk during a meeting in Porto Feliz city in Sao Paulo state, Brazil May 20, 2022. Kenny Oliveira | MCom | via Reuters Brazil Supreme Court Justice Alexandre de Moraes initiated an investigation of tech magnate Elon Musk on Sunday, the billionaire owner and CTO of social … Read more
Despite not holding a senior position, Goziker claims that his main job at TikTok was “overseeing” Project Texas to ensure the social media app’s plan to secure US user data would be effective. The goal was to implement a set of safeguards that would satisfy the Committee on Foreign Investment in the United States, an … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two firms raised their price targets on the … Read more
Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. “I mean, it’s ridiculous,” Diller said on CNBC’s “Squawk Box” when asked about Trump Media. “The company … Read more
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s social media site X began rolling out free premium features, including verification badges known as “blue checks,” to select users late Wednesday in an effort to reward what it calls “influential” people on the platform. For most users, X Premium is a paid subscription service that … Read more
Jonathan Raa | Nurphoto | Getty Images You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners, a leading financial data marketplace … Read more
Harun Ozalp | Anadolu Agency | Getty Images Former Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022. In the suit, filed in a California federal court on Wednesday, attorneys for … Read more
Jonathan Raa | Nurphoto | Getty Images Two Florida brothers pleaded guilty Wednesday in New York federal court to insider trading charges related to their purchase and sale of securities of the company that eventually merged with former President Donald Trump’s social media firm. The brothers, Michael Shvartsman and Gerald Shvartsman, earned more than $22 … Read more
TOKYO — Japan’s imperial family made an Instagram debut with a barrage of posts on Monday, hoping to shake off their reclusive image and reach out to younger people on social media. The Imperial Household Agency, a government agency in charge of the family’s affairs, posted 60 photos and five videos showing Emperor Naruhito and … Read more
