Trump Media shares collapsed, rallied, and are collapsing again. No one...
Remember when Trump Media & Technology Group Corp, the company that operates Truth Social, Donald Trump's social network, turned into a publicly traded stock? Which then tanked?OK. I'll remind you: That was a month ago. And at the time, confident headlines explained that the stock's collapse was because of new disclosures, which explained that Truth…
The man who audited Trump’s social media company misspelled his own...
Trump's company hired an accountant who couldn't get his name right in filings, per the Financial Times.Ben F Borgers spelled his name in 14 different ways, the FT reported.Some variations were just minor typos, but others were entirely different names. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…
Trump may be in self-exile in the wilds of Truth Social,...
Donald Trump has always been a high-energy poster, but a new analysis from The Washington Post reveals just how online the former president is.According to an analysis of his tweets during his 2016 campaign and his 2024 campaign, the Post found that Trump is posting much more frequently now. Between June 2015 and March 2016,…
Trump’s stock bust came even quicker than I expected
Trump Media & Technology Group, which owns the conservative Twitter clone Truth Social, went public via SPAC in late March. (For those not familiar, a SPAC, or special-purpose acquisition company, is a shell company that goes public with the intention of buying an actual company later. In the Trump case, the shell company Digital World…
Trump’s stock free fall has lost him $3.3 billion
At its height, Donald Trump's stake in Trump Media was worth a staggering $5.11 billion.But since March, Trump Media's stock has plummeted.As of Tuesday, the former president's shares have lost roughly $3.33 billion in value. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app…
An accounting firm hired to vet Truth Social’s financials quit after...
WithumSmith+Brown quit being the auditor for Trump Media just months after being appointed.The firm didn't want to be associated with Donald Trump and his company, per the Financial Times.Trump Media's share prices have plunged in the weeks since it went public. Thanks for signing up! Access your favorite topics in a personalized feed while you're…
More legal acrimony for Truth Social, as executive says he was...
A board member of Trump Media & Technology Group, which owns Truth Social, has been accused of hacking one of the executives who helped bring the firm public as part of a corporate coup attempt, according to a lawsuit filed in the Southern District of Florida. Trump Media became a publicly traded company last month…
Barry Diller says Trump Media is ‘a scam’ and people buying...
Barry Diller has a message for Trump Media shareholders: "I think they're dopes."The owner of the Truth Social app, Trump Media and Technology Group, enjoyed a soaring debut when it went public last week, attracting the interest of retail investors and the "meme stock" crowd.But that moment in the sun was short-lived, and shares of…
Donald Trump’s gag order expanded after social media attacks on judge’s...
On April 1, Judge Juan Merchan extended Donald Trump's gag order for his hush-money case after the former president made false claims about the judge's daughter on Truth Social. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.
Trump is worth a billion dollars less — on paper —...
Shares for Trump Media fell by as much as 26% after it reported a net loss of $58 million last year and a revenue of just $4.1 million, per an SEC filing.The stock's decline also meant that Trump's net worth on paper is now down by more than a billion dollars. Trump's net worth skyrocketed…
