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
At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone. Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting … Read more
Former US president Donald Trump has filed a lawsuit against the co-founders of Truth Social, claiming that they should forfeit their shares in the recently public business due to their mismanagement of the social media network, as per a report in NBC News. The IPO of Truth Social went public on March 26 while the … 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
At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone. Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting … 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
WASHINGTON (AP) — Presumptive Republican presidential nominee Donald Trump drew criticism Friday for posting a video on social media that contains the image of a hog-tied President Joe Biden painted on the tailgate of a passing truck. The Biden campaign was quick to condemn the video for suggesting physical harm to the sitting Democratic president. … 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
Former President Trump is now one of the wealthiest people in the world after his media company, Truth Social, completed a merger that will see it debut on the stock market. Trump joined Bloomberg’s list of the world’s 500 richest people on Monday after the deal that could net him up to $4 billion was … Read more
