Donald Trump's media and technology company, Trump Media & Technology Group, has requested Nasdaq's assistance to prevent "naked" short-selling in its shares, citing potential market manipulation due to high short interest. The CEO of TMTG highlighted that a few market participants were responsible for over 60% of the trading volume in DJT shares. Citadel Securities responded, emphasizing integrity, while other market makers did not immediately comment. Nasdaq reiterated its commitment to market principles and transparency, advocating against naked short-selling.
CEO Devin Nunes alleges market manipulation targeting Trump Media & Technology Group's stock, DJT, by specific market participants. The company's stock saw extreme swings since its IPO, leading to a brief surge in former President Trump's net worth. DJT shares, part of meme stock club, have not generated revenue and suffered losses. Nunes's claims coincided with Trump's trial and the company's plans to sell more stock despite its poor performance. Recent share gains were cheered by small shareholders. Professional investors remain skeptical about the company's future.
Trump Media & Technology Group's stock, ticker symbol DJT, rose over 25% as the company offered advice to investors on preventing their shares from being loaned for short-selling. Short interest in DJT stock has increased to 13%, with the company advising investors to contact their brokers to restrict share lending. Trump Media, founded by former President Trump, faced a $60 million loss in 2021 and is struggling with profitability challenges. The stock, down 55% since March, experienced a recent surge of 47% after testing its 200-day moving average at $24. Trump Media also faces a six-month lockup period for stakeholders.
Trump Media & Technology Group, featuring Truth Social, will start trading on Nasdaq after shareholders approved a merger with Digital World Acquisition Corp. Former president Donald Trump is poised to own 79 million shares worth nearly $3 billion. The company's stock will trade under the symbol DJT. Despite low revenue and high losses, its market valuation exceeds $5 billion. Investors are cautioned about Trump's track record of business failures and the possibility of him selling shares to cover legal expenses, which could impact stock prices.
Shares of Trump Media & Technology Group fell by 8% on Monday, reducing Donald Trump's stake value in the company to $2.9 billion. The stock's decline of 40% in April follows the company's disclosure of significant losses and financial struggles. With a market value of around $5.55 billion, Trump's stake has decreased from $6 billion last month. Short-sellers have profited from the stock's downfall, despite facing losses earlier in the year.
Trump Media & Technology Group (DJT) stock dropped over 10% following the announcement of a new live TV streaming service through the Truth Social app, focusing on news, religious, and family-friendly content. Trump's stake in the company is now worth around $1.9 billion, down from over $4.5 billion. The company reported sales of $4 million with net losses of nearly $60 million and expects further losses. Truth Social users express concern over the stock's decline and conspiracy theories about manipulation and SEC involvement.
Former President Donald Trump's media business, Trump Media & Technology Group (TMTG), will start trading on the Nasdaq stock market under the ticker symbol DJT after merging with Digital World Acquisition Corp. Trump is expected to own nearly 79 million shares of the combined company, with a potential stake value of around $3 billion. Shares of Digital World Acquisition surged 26% after the merger approval, offering a significant windfall for Trump amidst legal challenges and his involvement in the 2024 U.S. presidential elections.
Donald Trump's media company, Trump Media & Technology Group, plans to launch a streaming platform, despite its falling stock prices. The company's stock has dropped close to 14% and more than halved in value since going public. The new platform, Truth Social, will expand into livestreaming, offering content at risk of cancellation or suppression. CEO Devin Nunes mentioned providing a platform for content facing discrimination. The company's stock, majority-owned by Trump, is down over 70% from its all-time high, struggling to make profits. Investors are cautioned due to the lack of fundamentals supporting its valuation.
Shares of Trump Media & Technology Group, the owner of Truth Social, dropped by 12% to $40.49, their lowest level since going public on the Nasdaq under the ticker symbol DJT last week. The selloff has erased nearly $2 billion from Donald Trump's stake in the company this week. Despite the recent losses, Trump Media shares have still increased by over 130% this year. The company recently disclosed a loss of $58 million in 2023 on revenue of $4.1 million, leading to concerns about overvaluation by Wall Street analysts, with some likening it to 'meme' stocks like GameStop.
Former President Donald Trump's new company, Trump Media & Technology Group, is now trading under the stock ticker symbol DJT on the Nasdaq exchange, with its main product being the social media app Truth Social. Trump's previous publicly traded company, Trump Hotels and Casino Resorts, faced financial struggles and bankruptcies despite Trump profiting personally. Trump Media's valuation at $6.7 billion seems disproportionate to its business performance, with low revenue and high losses. Trump cannot sell his shares for six months post-merger due to a lockup provision.
Shares of Trump Media & Technology Group have dropped by 10% on Monday, leading to a significant decrease in former President Donald Trump's stake to about $2.9 billion from a peak of $5.2 billion. The company, including Truth Social, has faced financial challenges, losing $58 million in 2023 on minimal revenue. Despite the losses, shares have doubled in value this year, with Trump Media and its merger partner valued at $8 billion initially. CEO Devin Nunes remains optimistic, emphasizing the company's unique offerings and positioning against 'Big Tech' companies.
Following the completion of its SPAC merger, Donald Trump's social media company, Trump Media and Technology Group, reported a revenue of $4.1 million for 2023. The company's stock, trading under DJT, initially surged in value, increasing Trump's net worth to $7 billion. However, the company's financial condition raises concerns about its sustainability, with the stock price later tumbling by over 25%. Trump's ability to sell shares is restricted for six months unless the board intervenes.
The parent company of Donald Trump's Truth Social platform, Trump Media & Technology Group, saw its stocks plummet by 18% after filing to potentially increase the number of shares for sale, causing its value to decrease by hundreds of millions of dollars. The company's stock has been on a downward spiral since going public, with the market value dropping from $8 billion to $3.7 billion. Financial concerns were raised as the company reported a loss of over $58 million and minimal revenue, raising doubts about its future viability.
A senior editor at Forbes predicts that the stock of Donald Trump's social media company could plummet by 90% as its current valuation is significantly higher than its user base and revenue justify. Truth Social's parent company, Trump Media & Technology Group, has seen shares drop by 18% as they plan to offer more shares. Financial filings reveal significant losses and doubts about the company's future viability, leading analysts to warn of potential bankruptcy. Despite support from Trump's followers, investing in the company poses significant risk of financial loss.
Former President Donald Trump's Truth Social network is poised to go public through a merger with Digital World Acquisition Corp., potentially giving Trump stock worth billions of dollars. Trump is expected to own the majority of the new company, with the stock trading under the ticker symbol DJT. Trump faces financial burdens, including a $454 million judgment in a fraud lawsuit, and a six-month lock-up agreement on selling his shares. Despite generating modest revenue, the stock value of Truth Social could significantly benefit Trump financially.
Trump Media & Technology Group, led by former President Donald Trump, filed a lawsuit against co-founders Andy Litinsky and Wes Moss seeking to eliminate their stakes in the company. Litinsky and Moss face allegations of reckless and wasteful decisions that caused significant damage to the multi-billion dollar company. Litinsky and Moss had previously filed a lawsuit against Trump, claiming he planned to dilute their stake. Trump owns a majority of shares in Trump Media, which went public and saw its stock price fluctuate, experiencing a significant increase at launch.
Former CEO of Digital World Acquisition Corp. (DWAC) sues successor, Eric Swider, alleging hacking and coup plot to replace him as CEO of the company that merged with Trump Media & Technology Group. Swider denies allegations of orchestrating a coup and hacking Orlando's accounts with the help of a former assistant. Legal disputes and messy events characterize Trump Media's rocky path to going public after DWAC settled fraud charges and faced criticisms of being a meme stock.
Trump Media & Technology Group (TMTG), also known as T Media Tech LLC, is an American media and technology company founded in 2021 by former U.S. president Donald Trump. In October 2021, the company announced a proposed merger agreement with Digital World Acquisition Corp (DWAC), a publicly traded special-purpose acquisition company. Trump owned about 90% of the company in April 2023. Since January 2022, former U.S. representative Devin Nunes has served as the company's chief executive officer. In February 2022, TMTG launched the social network Truth Social. Trump reported in an April 2023 personal financial disclosure that he had made less than $201 from TMTG.A November 2023 DWAC financial disclosure indicated TMTG had generated losses such that management had "substantial doubt" about its ability to pay its bills, and the company's accounting firm had "substantial doubt" about the company's ability to remain in business.
The Nasdaq Stock Market ( ; National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges.
Despite receiving glowing reviews from some users like Nick Mirtschink and Bree Duke at a recent rally, Truth Social, Donald Trump's social media platform, is facing challenges in gaining a broader user base with only around 860,000 active accounts as of November. Despite this, a merger approved by Digital World Acquisition Corp with Trump Media & Technology Group is projected to bring a significant financial gain for Trump, providing a potential avenue for his return to Wall Street under the ticker DJT.
Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty to securities fraud for insider trading related to Trump Media & Technology Group's public debut through a merger with a blank-check company. The Shvartsmans made $22 million in illegal profit by trading on nonpublic information and are scheduled to be sentenced on July 17, facing a maximum possible sentence of 20 years in prison.
FTX founder Sam Bankman-Fried, convicted of fraud and conspiracy charges, faces sentencing following the collapse of his companies in November 2022, with prosecutors alleging he stole over $10 billion from customers, lenders, and investors. US prosecutors seek a 40 to 50-year prison term, while Bankman-Fried's lawyer requests a single-digit sentence, claiming victims will be reimbursed. The CEO of FTX Trading Limited refutes claims of no harm, stating victims will not be fully compensated due to financial discrepancies and unrecoverable funds, like $150 million in bribes. Bankman-Fried's privileged upbringing and lack of remorse are highlighted in the case.
Donald John Trump Jr. (born December 31, 1977) is an American businessman, former television presenter, political activist, and author. He is the eldest child of former U.S. President Donald Trump and his first wife Ivana Trump.Trump serves as a trustee and executive vice president of The Trump Organization, running the company alongside his younger brother Eric. During their father's presidency, the brothers continued to do deals and investments in foreign countries, as well as collect payments in their U.S. properties from foreign governments, despite a pledge that they would not do so. He served as a boardroom judge on the reality TV show featuring his father, The Apprentice. He authored Triggered in 2019 and Liberal Privilege in 2020.Trump was active in his father's 2016 presidential campaign. He cooperated with Russia in their interference in the 2016 United States elections and had a meeting with a Russian lawyer who promised damaging information about the campaign of Hillary Clinton in the 2016 presidential election. Trump campaigned for several Republicans during the 2018 midterm elections. He has promoted several conspiracy theories.Trump was also active in his father's 2020 presidential campaign, often being on the campaign trail and being featured in the news for making unfounded claims. During the election he called for "total war" as the results were counted and promoted the stolen election conspiracy theory. Following his father's defeat, he engaged in attempts to overturn the results. He spoke at the rally that led to the storming of the Capitol, where he threatened Trump's opponents that "we're coming for you." In January 2021, Attorney General for the District of Columbia Karl Racine said that he is looking at whether to charge Donald Trump Jr. with inciting the violent attack on the U.S. Capitol in the criminal investigation into the attack. CNN reported in April 2022 that two days after the election, Trump Jr. sent a text message to White House Chief of Staff Mark Meadows outlining paths to subvert the Electoral College process and ensure his father a second term.
House Oversight Committee Chairman James Comer's rebuttal to the committee's top Democrat, Rep. Jamie Raskin, during a hearing started promisingly by refuting the discredited allegation of President Biden taking a bribe from a Ukrainian businessman. The debate escalated when Raskin questioned Donald Trump's dealings with the Chinese government, highlighting the foreign income Trump received while in office. Comer defended Trump's business, contrasting it with the unanswered question of the Bidens' business ventures. The discussion delved into the legality and perception of foreign business dealings by political figures.
Donald Trump's use of social media attracted attention worldwide since he joined Twitter in May 2009. Over nearly twelve years, Trump tweeted around 57,000 times, including about 8,000 times during the 2016 election campaign and over 25,000 times during his presidency. The White House said the tweets should be considered official statements. When Twitter banned Trump from the platform in January 2021 during the final days of his term, his handle @realDonaldTrump had over 88.9 million followers. On November 19, 2022, Twitter's new owner, Elon Musk, reinstated his account, although Trump has stated he will not use it in favor of his own social media platform, Truth Social. The first tweet since 2021 was made in August 2023 about his mugshot from Fulton County Jail, but the account has since remained inactive.For most of Trump's presidency, his account on Twitter, where he often posted controversial and false statements, remained unmoderated in the name of "public interest". Congress performed its own form of moderation: on July 16, 2019, the House of Representatives voted mostly along party lines to censure him for "racist comments" he had tweeted two days previously. In the face of this political censure, his tweets only accelerated. An investigation by The New York Times published November 2, 2019, found that, during his time in office to date, Trump had already retweeted at least 145 accounts that "have pushed conspiracy or fringe content, including more than two dozen that have since been suspended." In 2020, Trump also spread misinformation about the COVID-19 pandemic.During his 2020 reelection campaign, he falsely suggested that postal voting or electoral fraud may compromise the election, prompting Twitter to either remove such tweets or label them as disputed. After his election loss, Trump persistently undermined the election results in the weeks leading to Joe Biden's inauguration. His tweets played a role in inciting the January 6, 2021, attack of the US Capitol during the formal counting of electoral votes. Though the Senate eventually acquitted Trump during his second impeachment, social media companies swiftly banned him. Facebook and Instagram banned him for two years. Twitter permanently suspended his @realDonaldTrump handle, followed by the official account of his campaign (@TeamTrump) and the accounts of allies who posted on his behalf, like Trump campaign digital director Gary Coby. Twitter also deleted three tweets by Trump on the @POTUS handle and barred access to the presidential account until Joe Biden's inauguration. During the first week that Trump was banned on several platforms (January 9–15), election-related misinformation declined 73 percent, according to research analytics firm Zignal Labs.As Trump continued to issue brief statements, his spokesperson Liz Harrington tweeted screenshots of them under the Save America logo from June 2021 to June 2022. Since then, however, her Twitter handle @realLizUSA has been infrequently used. She said she would move to Truth Social, a Trump-affiliated social media application that launched on February 21, 2022.On April 4, 2023, at his arraignment hearing, Trump was warned by Acting New York Supreme Court Justice Juan Merchan not to use social media to incite violence.
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.Historically, the European operations have been known by the company name OMX AB (Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange), which was created in 2003 upon a merger between OM AB and HEX plc. The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group) since February 2008. They are now known as Nasdaq Nordic, which provides financial services and operates marketplaces for securities in the Nordic and Baltic regions of Europe.
Donald Trump's presidential campaign is requesting down-ballot Republican candidates to contribute 5% of their fundraising earnings if they use Trump's name, image, or likeness in their solicitations. The request, outlined in a letter to GOP digital vendors by top Trump advisers Susie Wiles and Chris LaCivita, also includes guidelines on language to avoid when referencing Trump. Vendors responsible for clients who do not comply will face consequences, and candidates approved by Trump will have the opportunity for an upsell donation personally signed by the former president, with a 1% split requested on these upsells.
The Trump Organization is an American privately-owned conglomerate owned by Donald Trump. It serves as the holding company for all of Trump's business ventures and investments, with around 250 of its affiliates and subsidiaries using the Trump name. Donald Trump joined the organization in 1968, began leading it in 1971, renamed it around 1973, and handed off its leadership to his children in 2017 after he won the 2016 United States presidential election. The Trump Organization, through its various constituent companies and partnerships, has or has had interests in real estate development, investing, brokerage, sales and marketing, and property management. Trump Organization entities own, operate, invest in, and develop residential real estate, hotels, resorts, residential towers, and golf courses in various countries. They also operate or have operated in construction, hospitality, casinos, entertainment, book and magazine publishing, broadcast media, model management, retail, financial services, food and beverages, business education, online travel, commercial and private aviation, and beauty pageants. Trump Organization entities also own the New York television production company that produced the reality television franchise The Apprentice. Retail operations include or have included fashion apparel, jewelry and accessories, books, home furnishings, lighting products, bath textiles and accessories, bedding, home fragrance products, small leather goods, vodka, wine, barware, steaks, chocolate bars, and bottled spring water.Since the financial statements of the Trump Organization's holdings and Donald Trump's personal tax returns are both private, its true value is not publicly known, though a wide range of estimates have been made. Trump has publicly released little definitive financial documentation to confirm his valuation claims. On several occasions, Trump has been accused of deliberately inflating the valuation of Trump Organization properties through aggressive lobbying of the media (in particular the authors of the annual Forbes 400 list) to bolster his perceived net worth.By 2019, the Trump Organization was being scrutinized by New York investigators for possible financial fraud. In July 2021, New York prosecutors charged the organization with 10 counts in an alleged 15-year tax avoidance scheme. In November, The Washington Post reported that between 2011 and 2015 the organization presented several properties as being worth far more to potential lenders than to tax officials. In August 2022, the organization's chief financial officer, Allen Weisselberg, pleaded guilty to committing more than a dozen felonies, including criminal tax fraud and grand larceny. In September 2022, New York Attorney General Letitia James announced a civil lawsuit against the organization. A separate criminal case by the Manhattan district attorney was brought to trial in October; on December 6, the organization was convicted on 17 criminal charges.In September 2023, the judge presiding over the civil suit ruled that Trump, his adult sons and the organization repeatedly committed fraud and ordered their New York business certificates canceled and their business entities sent into receivership for dissolution in what has been described by observers as a "corporate death penalty". Trump and the organization were ordered to pay nearly $355 million before interest in February 2024, with further restrictions placed on the Trump Organization's business certificates, and on both Trump and his adult sons' ability to do business in New York.
Former President Donald Trump's social media company, Trump Media & Technology Group Corp. (TMTG), is preparing to introduce a live-streaming platform through its Truth Social app. This new content delivery network, after six months of testing, will provide high-quality news and entertainment content aiming to operate independently from Big Tech companies.
Donald Trump's campaign is requesting Republican candidates and committees using his name and likeness to fundraise to give at least 5% of the funds raised to the campaign, with higher splits being viewed favorably by the Republican National Committee and Trump's campaign. The campaign managers, Susie Wiles and Chris LaCivita, outlined guidelines on how Trump's name and likeness should be used, emphasizing the importance of protecting donors from scammers. Trump's team has sent cease-and-desist letters in the past to prevent unauthorized use of his brand and image for fundraising purposes.
The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is limited to companies from a single exchange, and it does not have any financial companies. The financial companies are in a separate index, the Nasdaq Financial-100.
During and after his term as President of the United States, Donald Trump made tens of thousands of false or misleading claims. The Washington Post's fact-checkers documented 30,573 false or misleading claims during his presidential term, an average of about 21 per day. The Toronto Star tallied 5,276 false claims from January 2017 to June 2019, an average of 6.1 per day. Commentators and fact-checkers have described the scale of Trump's mendacity as "unprecedented" in American politics, and the consistency of falsehoods a distinctive part of his business and political identities. Scholarly analysis of Trump's tweets found "significant evidence" of an intent to deceive.By June 2019, after initially resisting, many news organizations began to describe some of his falsehoods as "lies". The Washington Post said his frequent repetition of claims he knew to be false amounted to a campaign based on disinformation. Trump campaign CEO and presidency chief strategist Steve Bannon said that the press, rather than Democrats, was Trump's primary adversary and "the way to deal with them is to flood the zone with shit."As part of their attempts to overturn the 2020 U.S. presidential election, Trump and his allies repeatedly falsely claimed there had been massive election fraud and that Trump had won the election. Their effort was characterized by some as an implementation of the big lie propaganda technique.On June 8, 2023, a grand jury indicted Trump on one count of making "false statements and representations", specifically by hiding subpoenaed classified documents from his own attorney who was trying to find and return them to the government. In August 2023, 21 of Trump's falsehoods about the 2020 election were listed in his Washington, D.C. indictment, while 27 were listed in his Georgia indictment.
Billionaire entrepreneur Mark Cuban disclosed a tax debt of $275.9 million, opting to pay what he owes to the IRS. Cuban, worth $5.4 billion, emphasized the importance of paying taxes patriotically. He critiqued former President Trump's tax practices, highlighting his own compliance and contributions to the country. Cuban also shared insights on tax strategies, cautioning against risky schemes, and reflected on his business investments. In contrast, Trump's financial challenges include legal debts and tax controversies, with reports of minimal tax payments. Trump's recent business ventures, like Trump Media & Technology Group, met fluctuations in stock performance.
Citadel Securities LLC is an American market making firm headquartered in Miami. It is one of the largest market makers in the world, and is active in more than 50 countries. It is the largest designated market maker on the New York Stock Exchange.Citadel Securities is a separate entity from the hedge fund Citadel LLC, although both were founded and are majority owned by American hedge fund manager Kenneth C. Griffin. Citadel Securities moved its headquarters from Chicago to Miami with plans to build a new headquarters on Brickell Bay Drive.
The Nasdaq Composite (ticker symbol ^IXIC) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is one of the three most-followed stock market indices in the United States. The composition of the NASDAQ Composite is heavily weighted towards companies in the information technology sector. The Nasdaq-100, which includes 100 of the largest non-financial companies in the Nasdaq Composite, accounts for over 90% of the movement of the Nasdaq Composite.The Nasdaq Composite is a capitalization-weighted index; its price is calculated by taking the sum of the products of closing price and index share of all of the securities in the index. The sum is then divided by a divisor which reduces the order of magnitude of the result.
US stocks slid on Wednesday, with the S&P 500 ending with its fourth straight loss as tech stocks led the market lower and investors adjusted their rate expectations following this week's hawkish comments from Jerome Powell. Nvidia led the loss in tech through the session, with shares of the chip maker sliding by almost 4%. Tech titans like Netflix, Meta, Apple, and Microsoft all ticked lower, and the Nasdaq shed more than 1% on Wednesday. Investors are coming to terms with the prospect of higher-for-longer interest rates, thanks to a hot inflation print for March and Powell's recent guidance on rate cuts in 2024. The Fed Chair warned that central bankers needed more confidence that inflation was returning to its 2% target, implying rates would stay higher for longer than investors were expecting.
Elisabeth Buchwald
Business Insider
CBS News
Yahoo! News
Yahoo! News
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
PANORA
Wikipedia
Wikipedia
PANORA
PANORA
PANORA
Wikipedia
PANORA
Wikipedia
Wikipedia
PANORA
Wikipedia
PANORA
PANORA
Wikipedia
Wikipedia
PANORA
Wikipedia
Wikipedia
PANORA