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Truthsocial

All articles tagged with #truthsocial

business1 year ago

Trump Media Executives Offload Millions in DJT Stock

Trump Media's CFO Phillip Juhan, along with two other insiders, sold over $16 million in company stock following the presidential election. Juhan sold 384,000 shares, while director Eric Swider and general counsel Scott Glabe sold smaller amounts. Despite a market cap of $6.3 billion, Trump Media reported only $1 million in revenue for Q3 and a $19.2 million loss. The company's Truth Social app has a low user base compared to competitors. The stock sales were part of pre-planned trading strategies.

via CNBC|
#business#insidertrading#marketfluctuation
business1 year ago

Trump's Media Stock Sees Wild Swings Amid Election Speculation

Shares of Trump Media & Technology Group, the owner of Truth Social, surged 13% on Election Day, following a 12% gain the previous day, as traders speculate on the impact of a potential Trump victory on the company's value. Despite generating minimal revenue, Trump Media's market valuation has soared to nearly $8 billion, comparable to major media conglomerates. However, experts caution that the stock's value could plummet if Trump loses the election, as the company lacks substantial financial backing.

via CNN|
#business#election#media
finance1 year ago

"Market Volatility: Stocks Slide, Trump Media Loses $58 Million, Dow Drops 250 Points"

Trump Media & Technology Group, the parent company of Truth Social, saw its stock plummet over 22% following an updated regulatory filing revealing heavy losses and "greater risks" associated with Donald Trump's ties to the platform. The filing disclosed sales of just over $4 million and net losses of nearly $60 million for the full-year ending Dec. 31, with expectations of continued losses. The success of Truth Social largely hinges on the "reputation and popularity" of Trump, and stakeholders are subject to a six-month lockup period before selling or transferring shares, potentially impacting Trump's financial situation amidst legal and fundraising challenges.

via Yahoo Finance|
#finance#financials#socialmedia
politicslegal2 years ago

"Trump Confronts Legal Turmoil and Financial Peril in New York Fraud Saga"

Former President Donald Trump has unleashed a series of attacks on Judge Arthur Engoron on social media, criticizing the judge's decisions in the ongoing New York civil fraud case against him. Trump, who is also contending with four criminal cases, has labeled the lawsuit a political witch hunt orchestrated by New York Attorney General Letitia James. The case, which alleges Trump inflated his net worth for financial gain, is nearing its conclusion, with closing arguments scheduled for Thursday. Trump denies any wrongdoing and has taken to Truth Social to express his outrage, particularly after the penalty sought by James was increased to over $370 million. The judge's rulings and the case's implications continue to be a point of contention for Trump as he remains a frontrunner for the 2024 Republican presidential nomination.

via Newsweek|
##arthurengoron#donaldtrump