The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper.
On July 16, as a bid to smear Hong Kong's business environment, the U.S. government issued a so-called "business advisory" to caution U.S. businesses about "emerging risks" to their operations and activities in Hong Kong. Meanwhile, Washington imposed sanctions on seven...
Live UpdatesTrump 2nd term Ukraine Carolina wildfires President Trump reacts to DC plane crash on Truth Social President Donald Trump released a statement on social media about the jet-helicopter crash over the Potomac River near Washington D.C. ...
That may explain why Trump Media's revenue last year was $4.1 million, or about half the annual sales booked by an average singleChick-fil-A location, while it lost $58 million. Recent advertisers on Truth Social include groups like Patriots for America, a group hawking Trump hats, and U...
In the case of Trump's media business, the shareholders of the SPAC, called Digital World Acquisition Corp.,voted Fridayin favor of the merger, ushering in the next step of taking the new Truth Social company public without an IPO. The merged company officially changed its name to Trump Med...
Trump media rose just 4.4% over the past five days. The company has been called a “meme stock” that has been extremely volatile since it went public in March, and it does not trade on its fundamental business value. Throughout the year, Trump Media’s stock has traded as a kind ...
Truth Social is a social media app founded in 2022 by former U.S. president Donald Trump, primarily as a response to his being banned from mainstream social media platforms.
Trump berates Zelensky in heated Oval Office exchange March 1 - 11:31 US aid cuts: 9m Afghans may lose access to health services March 1 - 13:19 Newly-built bridge inaugurated in Kunar’s Dangam March 1 - 12:43 Flood victims in Afghanistan being assisted, says OCHA ...
Going public has helped bolster the money-losing company's coffers, with Trump Media CEO Devin Nunes telling Fox Business earlier this month that it has "$200 million in the bank" to fund its plans. Key to building a major media company will be building an audience, which in turn could...
Of course, Trump Media is still sitting on more than $300 million in cash and equivalents — financial firepower it could use to make acquisitions and fund its operations. And although Trump Media brought in just $837,000 in revenue last quarter, it is building a streaming bu...