Trump Media & Technology Group, the parent company of Truth Social, asked Congress on Tuesday to investigate “potential manipulation” of its share price. Trump Media CEO Devin Nunes voiced concerns about “naked” short selling of the company’s stock in a letter to the Republican chairs of the House Judiciary, Oversight, Financial Services and Ways and … Read more
Shares in Trump Media & Technology Group, the parent company of former President Trump’s Truth Social platform, continued to fall at the start of the trading week Monday, dipping another 10 percent. Trump Media’s shares were hovering around $36 as of Monday morning, after closing at about $40 Friday. The latest numbers mark a steep … Read more
Truth Social parent company Trump Media is a “scam,” billionaire investor Barry Diller told CNBC in an interview Thursday. “It’s a scam, just like everything he’s ever been involved in is some sort of con,” Diller said on CNBC’s “Squawk Box,” referring to former President Donald Trump and Trump Media & Technology group. Diller also … Read more
Former President Trump argued Thursday that Truth Social is “very solid,” after the platform’s parent company reported a $58 million loss last year and saw its shares plunge more than 20 percent this week. “All of the competitors to TRUTH SOCIAL, especially those in the Radical Left Democrats Party who are failing at every level, … Read more
Former President Trump’s social media company is suing two of its co-founders, claiming they failed to perform basic duties and delayed the firm’s recent merger with “a series of reckless and wasteful decisions.” The lawsuit from Trump Media & Technology Group, the parent company of Truth Social, alleges that Wesley Moss and Andrew Litinsky “failed … Read more
The parent company of former President Trump’s Truth Social platform lost $58 million in 2023, according to new regulatory filings. Trump Media & Technology Group, which went public last week, generated about $4.1 million in revenue last year, with a little more than $750,000 coming in during the fourth quarter, a Securities and Exchange Commission … Read more
Shares of former President Trump’s social media startup rose nearly 50 percent after debuting on the stock market Tuesday, triggering a pause on trading. Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, went public Tuesday morning after a years-long effort to merge with a special purpose acquisition company (SPAC). Shares … Read more
The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his platform Truth Social public. Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective. … Read more
