Trump Media and Technology Group

9 Stories

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...

Trump Media Stock Nosedives Again
Trump Media Stock
Nosedives Again
Apr 15, 2024 1:38 PM CDT

Trump Media Stock Nosedives Again

It drops more than 16% after SEC filing

(Newser) - Trump Media and Technology Group shares plunged again on Monday, falling more than 16% after the company filed to make millions more shares potentially available for sale. The filing with the Securities and Exchange Commission is a first step toward allowing majority shareholder Donald Trump and other insiders to sell...

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...

Krispy Kreme Jumps 39.4% After Announcing McD's Deal

Trump Media rises 16.1% on first day of trading

(Newser) - Wall Street slipped a bit further from its record heights on Tuesday.
  • The S&P 500 fell 14.61 points, or 0.3%, to 5,203.58 for its third straight modest drop.
  • The Dow Jones Industrial Average fell 31.31 points, or 0.1%, to 39,282.33.
  • The
...

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...

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'...

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