Truth Social

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Trump Loses $1.3B in a Day
Trump Lost $1.3B Wednesday
Oct 31, 2024 6:04 AM CDT

Trump Lost $1.3B Wednesday

Trump Media stock falls 22.3% in its 'worst-ever day,' and it's not clear why

(Newser) - Former President Trump's net worth fell more than $1 billion on Wednesday as his social media company took a sudden dive. Indeed, it was "the worst-ever day" for Trump Media and Technology Group, whose shares fell 22.3%, the largest percentage since the company went public in March,...

Trump's Truth Social Now Worth More Than Musk's X

Trump Media stock has more than quadrupled since September

(Newser) - Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media and Technology Group is now valued at over $10 billion after its shares more...

Trump Media's Gains for the Year Wiped Out
Add Trump Media to
List of Debate Losers
UPDATED
Sep 11, 2024 10:30 AM CDT

Add Trump Media to List of Debate Losers

Stock is trading at lowest-ever intraday level

(Newser) - Add Trump Media to the list of losers in the wake of Tuesday night's presidential debate. NBC News reports shares dropped more than 17% Wednesday morning, to its lowest-ever intraday level. As of this writing, it's trading down 16.86%, at $15.49. Shares had been up by...

Trump Media Stock Takes a Beating
Trump Media Stock
Hits a Fresh Low
UPDATED
Sep 4, 2024 10:00 AM CDT

Trump Media Stock Hits a Fresh Low

It sank below the $18 mark for first time on Tuesday

(Newser) - Trump Media stock hit a new low on Tuesday, falling below the $18-per-share mark for the first time. Quartz reports the stock price went as low at $17.72 during trading but closed at $18.08. That's a drop of more than 75% from the company's March 26...

Trump Shares Vulgar Post About Kamala Harris

GOP nominee reshares Truth Social post implying 'blowjobs' drove the vice president's political rise

(Newser) - Former President Trump continued to lob sexually themed grenades at Kamala Harris on Wednesday, reposting on Truth Social a photo of Harris and Hillary Clinton captioned, "Funny how blowjobs impacted both their careers differently..." The jab, notes the New York Times , furthers Trump's contention that Harris' political...

Trump Calls for Unity
Trump Urges National Unity
Jul 14, 2024 11:10 AM CDT

Trump Urges National Unity

Candidate says he'll address nation at convention

(Newser) - Donald Trump urged national unity on Sunday, the morning after a shooting at his campaign rally in Pennsylvania left one person dead, two others critically wounded, and the former president bleeding from an ear wound, per the Hill . In a Truth Social post , he expressed support for the other victims....

Video With 'Reich' Reference Comes Off Trump Page

Campaign rep says it was posted by a staffer who didn't see the word with Nazi connotations

(Newser) - Donald Trump's Truth Social account has taken down a video that caused controversy because of its use of the word "reich," reports Reuters . A campaign rep says it was an unintentional reposting gaffe by a staffer who didn't notice the word with Nazi connotations.
  • The clip:
...

Truth Social's Auditor Is in Hot Water With the SEC

Agency accuses BF Borgers of 'deliberate and systemic failures' in more than 1.5K filings

(Newser) - The auditing company responsible for keeping tabs on the parent company for Donald Trump's Truth Social platform apparently needed an auditor for itself. On Friday, the Securities and Exchange Commission accused BF Borgers of "massive fraud," saying the "sham audit mill" found "deliberate and systemic...

Trump Just Got $1.8B in Trump Media Stock

Though it's worth a bit less than that as of this writing

(Newser) - As of Tuesday, former President Trump owns 64.9% of Trump Media & Technology Group, parent company to Truth Social. That's thanks to the 36 million "earnout" shares he received per a Tuesday filing, bringing his total to 114.75 million shares. As CNN explains, Trump was to...

Truth Social Roller Coaster Sees Another Stock Plunge

Company's shares are at lowest since trading debut, though the volatility is hard to read

(Newser) - Last month, Donald Trump's net worth got a brief boost , thanks to the merger of Truth Social parent company Trump Media and Technology Group with Digital World Acquisition Corp. This month, it's a different story, with NPR reporting that Truth Social shares are "slumping." Most recently,...

Trump Sues Truth Social Co-Founders

Suit claims that former 'Apprentice' contestants 'failed spectacularly at every turn'

(Newser) - Donald Trump wants to cut the two former Apprentice contestants who co-founded Truth Social out of their shares in the company—but it's not as simple as saying, "You're fired." Trump has filed a lawsuit in Florida against Andy Litinsky and Wes Moss, saying they bungled...

Trump Media Drops After $58M Loss Disclosed

Accountants say losses raise 'substantial doubt about its ability to continue as a going concern'

(Newser) - Trump Media and Technology Group shares dropped sharply Monday after the company behind Truth Social disclosed that it had lost more than $58 million last year. The company announced a net loss of $58.2 million for 2023, with $4.1 million in revenue, CNBC reports. That's up from...

Trump Causes a Ruckus With Biden Clip

Video reportedly shot on Long Island featured graphic on back of truck showing a hog-tied Biden

(Newser) - Donald Trump headed to Long Island on Thursday to attend the wake of NYPD officer Jonathan Diller, who was shot Monday in Queens during a traffic stop. But it was a video of a pickup truck that he apparently spotted during his travels and shared online that's earning him...

Trump Now Among 500 Richest
Trump's Net Worth Doubles
Mar 26, 2024 6:04 AM CDT

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

Truth Social Starts Trading Tuesday
Truth Social
Starts Trading Tuesday
Mar 26, 2024 3:00 AM CDT

Truth Social Starts Trading Tuesday

Social network will start trading on Nasdaq with a market value of almost $6.8B

(Newser) - Trump Media & Technology Group, whose flagship product is the former president's social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday, the AP reports. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with Trump's...

Trump's Payment Deadline Arrives
Trump's
Payment
Deadline
Arrives
Mar 25, 2024 6:48 AM CDT

Trump's Payment Deadline Arrives

If he fails to secure huge bond Monday, New York attorney general could start seizing assets

(Newser) - Monday is a potentially big day in the legal travails of former President Trump. If he doesn't put up a bond of nearly $500 million, New York Attorney General Letitia James could start seizing his assets .
  • Time's up: James gave Trump a 30-day grace period to pay up
...

Trump's Possible 11th-Hour Cash Cow: Truth Social

Social media company is set to go public, but there are restrictions on what the former president can do

(Newser) - Donald Trump has been struggling to come up with the cash to take care of his massive legal bills as he faces down four criminal indictments, a $454 million civil fraud judgment (bond on that is due by Monday ), and escalating costs owed to E. Jean Carroll , and he'...

Report: Trump Tried to Get Musk to Buy 2nd Social Media Site

'WaPo' reports on the evolving relationship between the billionaires

(Newser) - The presumptive Republican nominee for president and the world's second-richest man have a cozier relationship than previously known, according to a Washington Post report, which describes numerous conversations in which Donald Trump and Elon Musk discussed politics, business, and the potential sale of Truth Social. According to the Post,...

Court Reimposes Gag Order in Trump's NY Fraud Trial

He's banned from disparaging court staff again

(Newser) - Donald Trump has been consistently disparaging court personnel in his New York civil fraud case, including law clerk Allison Greenfield, since a gag order was lifted two weeks ago—but it's now back in place. A New York appeals court has reinstated the order imposed by Judge Arthur Engoron...

Trump's Truth Social Is Losing Money Fast
Trump's Truth Social
Has Lost Millions
UPDATED
Nov 14, 2023 8:55 AM CST

Trump's Truth Social Has Lost Millions

Platform down more than $30M since launch

(Newser) - This summary has been updated with corrected figures. Former President Trump's social media platform Truth Social has posted a loss of $31.6 million since its launch in early 2022, reports Reuters . (An earlier report with a figure of $71.3 million cited by multiple media outlets was incorrect....

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