tldrdaily.news logo
Tag

Stock Shares

All articles tagged with #stock shares

business1 year ago

"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
businesspolitics1 year ago

Trump Media Sues Truth Social Co-Founders for Mismanagement

Former President Donald Trump has sued the co-founders of Truth Social, alleging mismanagement and seeking to strip them of their stock in the company, which recently went public. Trump Media & Technology Group Corp. claims that executives Wes Moss and Andy Litinsky made costly mistakes that delayed the company's public offering. The co-founders had pitched the social media platform idea to Trump after he was banned from Twitter. The lawsuit comes after Moss and Litinsky sued Trump's company, alleging an attempt to dilute their shares.

via Yahoo! Voices|
#businesspolitics#donald-trump#lawsuit
business-legal1 year ago

"Trump Files Lawsuit Against Truth Social Co-Founders Over Stock Shares"

Former President Donald Trump has filed a lawsuit against the co-founders of Truth Social, alleging mismanagement and seeking to strip them of their stock in the company. Trump Media & Technology Group Corp. claims that executives Wes Moss and Andy Litinsky made costly mistakes that delayed the company's public offering. The lawsuit follows a previous legal action by Moss and Litinsky, who accused Trump's company of diluting their shares. Trump Media shares have experienced volatility since going public, with the stock price initially exceeding $79 before declining.

via NBC News|
#business-legal#donald-trump#lawsuit