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Devin Nunes

All articles tagged with #devin nunes

politics1 year ago•1 min saved

Trump Appoints Truth Social CEO Devin Nunes to Lead Intel Board

President-elect Donald Trump has appointed Devin Nunes, CEO of Truth Social and former chair of the House Intelligence Committee, to lead the President's Intelligence Advisory Board. This board is responsible for overseeing the U.S. intelligence community's adherence to the Constitution. Nunes will continue his role at Trump Media & Technology Group, further linking the company to the incoming administration. Trump's decision highlights Nunes' past involvement in challenging the Russia investigation and his ongoing influence within Trump's circle.

via POLITICO|

#devin-nunes #intelligence-advisory-board #politics

politics1 year ago•1 min saved

Trump Appoints Truth Social CEO Nunes to Lead Intelligence Board

Donald Trump has appointed Devin Nunes, former US lawmaker and current CEO of Trump's Truth Social, as chair of the president's intelligence advisory board. Nunes, known for his defense of Trump and allegations against the FBI during the Russia investigation, will continue his role at Truth Social while serving on the board. Trump also announced Troy Edgar as deputy secretary of the Department of Homeland Security and Bill White as US ambassador to Belgium.

via The Guardian US|

#devin-nunes #donald-trump #intelligence-advisory-board

businesspolitics1 year ago•1 min saved

"Trump Media CEO Faces Backlash and Stock Volatility Amid Billionaire Donor's Firm Criticism"

The CEO of Donald Trump’s social media company, Trump Media & Technology Group (TMTG), was criticized by Citadel Securities, a firm owned by billionaire Republican donor Ken Griffin, as a "proverbial loser" attempting to shift blame for the company's stock market struggles. Devin Nunes, the CEO of TMTG, had accused large trading firms, including Citadel Securities, of potential market manipulation. TMTG retaliated, accusing Citadel of harming small investors. Nunes claimed that "naked" short-selling was behind the stock market turbulence, prompting a response from Citadel. TMTG's stock rallied 9.6% on Friday amidst the ongoing dispute.

via The Guardian|

#businesspolitics #citadel-securities #devin-nunes

businessfinance1 year ago•3 min saved

"Market Feud: Citadel, Trump Media Clash Over Short-Selling and Stock Performance"

Ken Griffin's Citadel Securities and Devin Nunes, CEO of Truth Social's parent company, engaged in a war of words over accusations of stock manipulation and market manipulation. Nunes accused Citadel Securities and others of engaging in "naked short selling," prompting a response from Griffin's company calling Nunes a "proverbial loser." The feud stems from Trump Media and Technology Group's tanking stock price since going public, with Nunes sending a letter to Nasdaq accusing market makers of manipulation. The back-and-forth highlights the tensions surrounding the company's stock performance and the involvement of prominent figures in the finance and political spheres.

via New York Post |

#businessfinance #citadel-securities #devin-nunes

finance1 year ago•3 min saved

"Trump Media's Stock Rollercoaster: From Surge to Suspected Manipulation"

Trump Media & Technology CEO Devin Nunes alleged market manipulation in a letter to Nasdaq, claiming extreme swings in the stock price since its IPO on March 26. He pointed to short-selling and identified four market participants responsible for over 60% of the trading volume. The company, listed under the ticker D-J-T, has not generated revenue and lost over $58 million in 2023. The allegations come as former President Donald Trump is on trial in New York City, and jury selection is underway.

via Fox Business|

#devin-nunes #finance #market-manipulation

financepolitics1 year ago•3 min saved

"Trump Media CEO Accuses Market Manipulation as DJT Stock Rises and Nasdaq Falls"

Citadel Securities criticized Trump Media CEO Devin Nunes for alleging possible illegal short selling in DJT shares and blaming the company for his falling stock price, prompting a response from Trump Media accusing Citadel Securities of corporate offenses. Nunes' letter to Nasdaq CEO Adena Friedman raised concerns about market manipulation and named Citadel Securities among other major market participants. The strong language in Citadel Securities' response is notable given the political ties between Trump Media and Citadel Securities, including donations from Citadel's founder Ken Griffin to Republican candidates, including Nunes.

via CNBC|

#citadel-securities #devin-nunes #financepolitics

business-technology1 year ago•2 min saved

"Trump Media Stock Plummets as Truth Social Ventures into Live TV Streaming"

Trump Media & Technology Group, the company behind Truth Social, announced the launch of a live TV streaming platform, causing its stock to tumble by 14%. The streaming service will include news, religious channels, and "family-friendly content," as well as content that has been canceled or suppressed on other platforms. The company's market valuation has been cut by more than half since its first-trading-week highs, and it recently disclosed a significant loss from operations and interest expenses. Despite concerns over profitability, CEO Devin Nunes stated that the company is "well positioned," but did not provide a timeline for when it expects to be profitable.

via Quartz|

#business-technology #devin-nunes #stock-market

businesstechnology1 year ago•1 min saved

"Trump Media's Truth Social Launch Leads to Double-Digit Stock Plunge"

Trump Media shares fell by more than 10% after announcing the launch of a live TV streaming platform for its Truth Social app. Former President Donald Trump, the majority shareholder, has seen the company's market capitalization decrease by over $5 billion since its public trading debut in March. The company plans to roll out the streaming content in three phases, focusing on news networks, religious channels, family-friendly content, and content facing discrimination on other platforms. CEO Devin Nunes expressed excitement about providing a platform for creators whose content has been unjustly suppressed.

via CNBC|

#businesstechnology #devin-nunes #live-tv-streaming

businesstech1 year ago•1 min saved

"Trump's Truth Social Struggles as Media Stock Tanks"

Donald Trump urges his followers to support his social media app Truth Social as its parent company's stock continues to decline, with the stock price falling more than 50% since its debut. Despite the stock's slide, Trump Media still boasts a market capitalization of over $4.2 billion, and Trump, who owns over 57% of the company's stock, is poised to reap a financial windfall. The company's CEO, former Republican Rep. Devin Nunes, has suggested plans to add video streaming capabilities to Truth Social and make it a hub for "canceled" channels and documentaries, but neither Trump's posts nor Nunes' claims have yet to halt the stock's decline.

via CNBC|

#businesstech #devin-nunes #donald-trump

business1 year ago•2 min saved

"Trump Media's Stock Plunge Wipes Out Billions in Value"

Shares of Trump Media, trading under the ticker DJT, have fallen 11% on Monday, erasing all gains since its debut last month. Short-selling has contributed to the stock's volatility, with investors positioning bets on its future movement. Former President Donald Trump, who owns a majority of the company's shares, has seen his net worth decline alongside the stock price. Despite criticisms and financial losses, CEO Devin Nunes remains confident about the company's future, citing access to capital markets and plans for expansion.

via NBC News|

#business #devin-nunes #donald-trump

business1 year ago•2 min saved

"Trump Media Stock Plummets, Trump's Net Worth Takes Hit"

Shares in Trump Media & Technology Group, the parent company of Truth Social, fell another 10 percent on Monday, hovering around $36, following a steep decline from an initial high of $79 after going public. The company reported a $58 million loss in 2023, with $4.1 million in revenue and significant operating and interest expenses. CEO Devin Nunes expressed confidence in the company's position despite the losses, citing a lack of debt and $200 million in the bank. Financial information for the first quarter is not yet available, and former President Trump, who owns 58 percent of the company, defended Truth Social's impact.

via The Hill|

#business #devin-nunes #financial-performance

business1 year ago•2 min saved

"Trump Media CEO Defends Truth Social's Profitability Amid Stock Losses and Executive Payouts"

Trump Media CEO Devin Nunes responded to criticism over the company's profitability, stating that it is "well positioned" despite recent regulatory filings showing a $58 million loss in 2023. Nunes emphasized the company's lack of debt and $200 million in the bank, as well as the platform's successful development at a fraction of the cost of big tech companies. However, he did not specify when the company is expected to turn profitable. After the filings, Trump Media's stock shares dropped, but former President Trump continues to tout the platform's success.

via The Hill|

#business #devin-nunes #profitability

business1 year ago•3 min saved

"Trump Media's Financial Woes Exposed: CEO Confronted Over $4Bn Loss and Stock Sinking"

Fox News host Maria Bartiromo confronted Truth Social CEO Devin Nunes over the company's recent $4 billion loss in market value, with a regulatory filing revealing an operating loss of $15.96 million. Shares in Trump Media & Technology Group, which owns Truth Social, tumbled 21 percent, wiping billions off its value. Nunes defended the company, citing its lack of debt and $200 million in the bank, while Trump reiterated the company's financial strength. However, experts suggest that Truth Social needs to attract more users to achieve success, similar to the growth trajectories of Amazon and Facebook.

via Newsweek|

#business #devin-nunes #donald-trump

politics2 years ago•2 min saved

Durham report reveals systemic failures in justice system.

Former Rep. Devin Nunes claims that the recently released report from special counsel John Durham on the FBI investigation into former President Trump’s ties to Russia shows the “total collapse of the justice system.” The report concluded that authorities did not have sufficient information to open an investigation into the Trump campaign’s ties to Russia, describing the probe as “seriously deficient.” Durham criticized the FBI for failing to corroborate the Steele Dossier and for later using the dossier to secure a warrant to spy on former Trump campaign advisor Carter Page.

via The Hill|

#devin-nunes #fbi #john-durham

law2 years ago•1 min saved

Devin Nunes' defamation suit over family farm dismissed by judge.

A federal judge in Iowa has ruled against former U.S. Rep. Devin Nunes in a lawsuit he filed claiming he was defamed by articles published by Esquire magazine about his family’s Iowa dairy farm. The judge ruled in favor of reporter Ryan Lizza and Esquire publisher Hearst Magazines, stating that a reasonable jury couldn’t find the article’s statements defamatory. This marks the second time the court has ruled against Nunes.

via The Associated Press|

#defamation #devin-nunes #esquire-magazine