TRUMP MEDIA STOCK
Asian stocks fluctuate as traders weigh Trump win
Asian stocks fluctuated amid US election uncertainty. Markets in Japan, Australia, and South Korea remained stable. Yields on 10-year Treasuries held steady. Wall Street edged higher with tech megacaps leading the rally. The Democratic National Committee considers early Biden nomination. Supreme Court ruling on Trump's immunity affects the election. Fiscal deficit policies are investors' focus.
Shares of Trump Media & Technology rise 5% following first presidential debate
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
Traders like a 'volatile & unpredictable' Trump
With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the Republican's return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.
Dow has best daily gain for year; indexes up sharply for May
The Dow and S&P 500 closed higher on Friday with the Dow notching its biggest daily percentage gain since November 2023. The Nasdaq ended slightly lower. The New York jury convicted former President Donald Trump of falsifying documents to cover up a hush money payment to a porn star.
Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks
That brings his total ownership to more than 114 million shares, which based on Wednesday morning's stock price, are worth USD 5.7 billion. Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. These type of mergers offer young companies quicker and easier routes to getting their shares trading publicly.
Trial begins for financial executive in insider trading case tied to taking Trump media firm public
In an opening statement, Assistant US Attorney Elizabeth Hanft accused Bruce Garelick of tipping off his boss and friends to news in 2021 that the special purpose acquisition company, Digital World Acquisition Corp., was merging with Trump Media & Technology Group.
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Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades
Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol "DJT," for Trump's initials.
Trump Media shares tank 12% after company says it could sell more stock
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.
Donald Trump no longer one of the world's richest 500
Former US president Donald Trump's removal from the Bloomberg Billionaires Index follows a 50% stock price drop at his social media company, Truth Social, impacting his net worth and Forbes ranking.
Donald Trump's media company Truth Social falls 12%, extends selloff
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.
Donald Trump's media company falls 12%, extends selloff
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.
Trump's media company ticker leads to fleeting windfall for some investors
Several people complained on social media about briefly seeing the value of their DJT stock holdings on Charles Schwab platforms inflated to figures more in line with what they would be worth if the shares traded at the level of the Dow Jones Transportation Average.
Trump's media company raises going-concern doubts; shares tumble
The company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a filing.
Donald Trump's social media company lost more than USD 58 million last year
Trump Media's 2023 loss of USD 58.2 million, with revenue over USD 4.13 million, after merging with Digital World Acquisition Corp., led to Nasdaq trading. Share prices mirrored meme stocks' volatility.
Many people and companies have made millions on Trump media's stock
The biggest beneficiary is Trump, the company's largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media's executives have seen their net worth swell this week, in some cases by many millions of dollars.
Donald Trump's Truth Social opens new avenue for conflicts of interest
Trump Media & Technology Group -- the owner of Truth Social, the site Trump uses to rally his backers and blast his opponents -- could present a new, fairly straightforward route for foreign leaders or special interests to try to influence him.
Trump's media company shares gain over 18% on second day after stellar debut
Shares of Trump Media & Technology Group rose more than 18% on Wednesday, extending gains from their stellar Nasdaq debut to the second day.
Donald Trump’s Truth Social soars on market debut: all you need to know
Truth Social is a relative minnow in the social media universe. Since its introduction in early 2022, its app has been downloaded 10 million times, including 3 million times last year, according to Sensor Tower, a data provider. But its debut on the bourses has been positive.
Trump's media company valued at nearly $10 bln as shares surge over 50% in Nasdaq debut
Trump Media & Technology Group shares surged 50% on Nasdaq debut post-merger, reaching $-10 billion market cap. Majority stake valued at $5.72 billion. Trading briefly paused for volatility.
Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M
Trump's lawyers had pleaded for a state appeals court to halt collection, claiming it was "a practical impossibility" to get an underwriter to sign off on a bond for such a large sum. The ruling was issued by the state's intermediate appeals court, the Appellate Division of the state's trial court, where Trump is fighting to overturn a judge's Feb. 16 finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
Trump's social media company to start trading on Nasdaq on Tuesday
Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote.
Investors greenlight Trump's $5.7 billion social media deal
The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York.
Investors approve merger to list Trump's social media company
Shareholders approved a merger Friday to list Donald Trump's social media venture on the stock market, potentially providing some $3 billion to the ex-president. Investors of Digital World Acquisition Corp., an investment vehicle, voted to combine with Trump Media & Technology Group, which owns Trump's "Truth Social" platform.
Investors greenlight Trump's $6 billion social media deal
The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.6 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York.
Architect of Donald Trump's social media deal sues to block transaction
ARC Global Investments II, which is controlled by Patrick Orlando, said it was being short-changed the amount of stock it should receive in Digital World Acquisition Corp (DWAC) once it merged with the former president's Trump Media & Technology Group Corp (TMTG).
Donald Trump eyes $4 billion stock windfall as legal bills pile up
Former President Donald Trump ordered to pay $540 million. Stock rally results in nearly $4 billion windfall. Merger approval leads to Trump's stake worth $3.6 billion, potentially reaching $4.9 billion with performance targets. Retail investors drive up DWAC shares.
Trump-linked stocks soar after DeSantis throws in the towel
Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump's social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid.
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