Trump Media plunges amid plan to issue more shares. It’s lost $7 billion in value since its peak.

[ad_1] After a short-lived honeymoon, former President Donald Trump’s media company is experiencing a rough reception on Wall Street. Trump Media & Technology Group — which trades under the ticker DJT, his initials — tumbled 18.4% in Monday trading, a drop that follows last week’s 21% plunge.  The sharp drop in value comes after Trump … Read more

Trump’s Truth Social loses $4 billion in value in one week, while revealing wider loss

[ad_1] Former President Donald Trump’s fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company’s stock price lopping $4 billion off its value. The plunge in Trump Media & Technology Group’s shares, which debuted on the Nasdaq Composite Index on March 25 under the … Read more

Trump’s Truth Social to start trading under the ticker “DJT” on Tuesday

[ad_1] Former President Trump’s bond reduced to $175M Former President Trump’s bond reduced to $175M 01:46 Former President Donald Trump’s Truth Social will begin trading under the ticker “DJT” on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again.  Trump Media & Technology … Read more

Trump’s Truth Social is losing money and has scant sales. Yet it could trade at a $5 billion value.

[ad_1] Former President Donald Trump will soon be at the helm of a publicly traded company that will trade under the ticker “DJT,” after his initials, and boast a potential valuation of more than $5 billion — a lofty amount for a business that’s losing money and has scant revenue.  Trump’s next career move as … Read more

Trump could score $3.5 billion from Truth Social going public. But tapping the money may be tricky.

[ad_1] Former President Donald Trump could soon receive a windfall valued as much as $3.5 billion, with shareholders of a publicly traded funding partner voting Friday on whether to merge with his Trump Media & Technology Group. The vote is taking place about one month after the two companies received regulatory approval to proceed with the long-delayed … Read more

Trump Media’s merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.

[ad_1] The funding partner for Trump Media & Technology Group said it has received regulatory approval from securities regulators that will allow it to proceed with a long-delayed merger. The combination could provide former President Donald Trump with a stake worth almost $4 billion. Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said Thursday … Read more

Donald Trump’s Truth Social has lost $23 million this year. Its accountants warn it may not survive.

[ad_1] When Truth Social launched in 2022, backers of the social network described it a conservative-friendly alternative to Big Tech platforms that would attract advertisers eager to court former President Donald’s Trump’s millions of followers. But a new regulatory filing reveals that Truth Social’s owner, Trump Media & Technology Group, has booked only $2.3 million … Read more

Trump Media’s funding partner says it’s returning $1 billion to investors, with many asking for money back

[ad_1] The funding partner for Trump Media & Technology Group said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.  Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said in a regulatory filing that it has received termination notices … Read more

Trump Media’s funding partner gets reprieve only days before possible liquidation

[ad_1] A long-delayed merger between former President Donald Trump’s media company and a so-called blank-check company has received a reprieve just days before the latter company faced liquidation, according to reports. Shareholders in Digital World Acquisition Corp. (DWAC) approved a one-year extension of the merger deadline between the two companies, according to the New York … Read more