Donald Trump on Thursday defended his social media platform Truth Social as a growing chorus of critics — and short sellers — view its parent company as a meme stock with a vastly overinflated share price. Trump, in two lengthy posts on Truth Social, accused the platform’s detractors of being “Radical Left Democrats” who are … 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 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
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
The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing “spectacularly” to get the company off the ground and then trying to “thwart the deal.” The lawsuit filed in Sarasota County, Florida, civil court seeks to bar Trump Media & Technology Group co-founders Wesley Moss and Andrew Litinsky … Read more
A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump’s social media company public last week. Michael Shvartsman, the venture capitalist, and his brother, Gerald Shvartsman, both previously pleaded not guilty to criminal charges of insider trading and conspiracy, … Read more
The Truth Social app is being displayed on a smartphone with Truth Social visible in the background. Jonathan Raa | Nurphoto | Getty Images Donald Trump’s scheduled earnout through the parent company of Truth Social presents opportunities for outside interests if he were to defeat Joe Biden and become president again, according to experts. Trump, … Read more
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shares of Trump Media fell sharply Monday morning after the company reported a net loss of $58.2 million … Read more
At the beginning of the year, I was talking about how we didn’t need rate cuts. Maybe one, maybe none, and others were talking about needing six of them. What kind of Canopy Growth product were they smoking? I want to be clear about this: The economy is too strong to cut rates, but the … Read more
Former President Donald Trump speaks during a press conference at 40 Wall Street on March 25, 2024 in New York City. Michael M. Santiago | Getty Images Donald Trump on Tuesday lashed out at the judge in his criminal hush money case — and verbally took aim at the judge’s daughter — after the ex-president’s … Read more
