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Top related persons:
Trump - 8 Donald Trump's - 6 TMTG - 6 Devin Nunes - 6 Donald Trump - 6 Peter Kafka - 2 He's - 2 Emily Stewart - 2
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Search resuls for: "TMTG's"


11 mentions found


☆ DJT SPAC: Trump Media Stock Price Collapse Is Only Going to Get Worse
  + stars: | 2024-04-22 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +6 min
Trump Media & Technology Group, which owns the conservative Twitter clone Truth Social, went public via SPAC in late March. Short sellers, if I had to guess, feel pretty good, even if Trump's company is trying to prevent them from betting against it. AdvertisementWhile Trump is a political figure, Trump Media's stock price is not really a political story. The same day, its stock price fell by 14%, though the next day it bounced. That TMTG's stock price has fallen isn't surprising.
Persons: I'm, Jim Cramer, Donald Trump's, Trump, DJT, it's, TMTG, isn't —, Peter Kafka, doesn't, TMTG isn't, Devin Nunes —, Devin Nunes, California —, He's, It's, Emily Stewart Organizations: Trump Media & Technology Group, Twitter, Republican, Nvidia, Truth, Meta, Trump, Trump Media & Technology, Business Locations: SPAC, TMTG, California
☆ DJT SPAC: Trump Media's Stock Price Is Probably Going to Crash
  + stars: | 2024-04-01 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +5 min
Donald Trump's newly public social-media company is not the next Nvidia — or Meta or Google or whatever has happened with X/Twitter. It seems, let's say, unlikely that his media company's stock price is going to stay so high forever. AdvertisementFor one thing, TMTG, which owns the conservative Twitter copycat Truth Social, makes basically nothing. Truth Social and any other business Trump Media and Technology Group spins up is pretty much guaranteed to appeal just to Trump fans. Might Trump and Truth Social be different, at least on the stock front?
Persons: Donald Trump's, Trump, Peter Thiel, Peter Kafka, aren't, Don Jr, Emily Stewart Organizations: Nvidia, Trump Media, Technology Group, Hasbro, Trump, Apple, Facebook, Twitter, YouTube, Republicans, White, GameStop, AMC, Business Locations: SPAC
☆ Trump's potential Truth Social earnout is an avenue for outside interests if he becomes president, experts say
  + stars: | 2024-04-01 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +5 min
The Truth Social app is being displayed on a smartphone with Truth Social visible in the background. Donald Trump's scheduled earnout through the parent company of Truth Social presents opportunities for outside interests if he were to defeat Joe Biden and become president again, according to experts. "When President Trump returns to the White House, he will continue to follow ethics guidelines," Steven Cheung, Trump's spokesperson, said in an email. The new Trump media stock has been on a wild swing since it began trading. To the extent users prefer a platform that is not associated with President Trump, TMTG's ability to attract users may decrease," the Trump Media and Technology Group wrote in a filing.
Persons: Donald Trump's, Joe Biden, Trump, Virginia Canter, Canter, Biden, Steven Cheung, He's, Kedric Payne, Payne, Peter Schiff, President Trump Organizations: Truth, Trump Media, Technology, Securities and Exchange Commission, Trump, White, Nasdaq, CNBC, Technology Group Locations: Washington ,, U.S
☆ Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal
  + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com   time to read: +4 min
Donald Trump (R) and producer Andy Litinsky (L) attend the Comedy Central Roast Of Donald Trump at the Hammerstein Ballroom on March 9, 2011 in New York City. The partnership, United Atlantic Ventures alleges that Trump Media & Technology Group engaged in "wrongful 11th hour ... maneuvering" to dilute UAV''s minority stake in the media company, a court filing says. Donald Trump attends the 'Celebrity Apprentice' Red Carpet Event at Trump Tower on January 5, 2015, in New York City. "They actually went out and did the work, they created Truth Social, and now the beneficiary of that, Donald Trump, doesn't want to pay." CNBC has requested comment from spokesmen for Trump, TMTG and DWAC about the lawsuit, which was first reported by The Washington Post.
Persons: Donald Trump, Andy Litinsky, Moss, Wes Moss, Trump, Jean Carroll, Christopher Clark, Clark, Donald J, TMTG, UAV's, TMTG's Organizations: Trump Media, Twitter, Facebook, United Atlantic Ventures, Trump Media & Technology Group, Trump Tower, Trump, Republican, TMTG, CNBC, The Washington Post, Securities and Exchange Commission, Department of Justice, SEC Locations: New York City, TMTG, Delaware, New York, partnership's Delaware
☆ Donald Trump's Truth Social loses tens of millions of dollars this year
  + stars: | 2023-11-15 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
Donald Trump launched Truth Social after he was banned from X/Twitter following the January 6 riots. AdvertisementDonald Trump's social media platform, Truth Social, has lost tens of millions of dollars this year, according to SEC filings released Monday. AdvertisementDigital World has now asked investors to extend the deadline for the Truth Social deal. Although the former president's X account has since been reinstated, he's upheld an exclusivity deal to post first on Truth Social. AdvertisementHowever, Truth Social has struggled to attract the same level of interest compared with social media platforms.
Persons: Donald Trump, —, Donald, Trump, Devin Nunes, he's Organizations: Service, SEC, World, Corp, Truth Social, Trump Media, Technology, Department of Justice, Truth, CNBC, Twitter, Big Tech, Social, Trump, Forbes
☆ Trump's Truth Social has lost $73 million since its launch, faces potential shutdown
  + stars: | 2023-11-14 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +3 min
In its first fiscal year ending Dec. 2022, TMTG, Truth Social's parent company, lost over $50 million on $1.4 million in sales. Given that origin story, Truth Social has branded itself as a safe haven from "Big Tech censorship," a vision that must be realized for Truth Social to maintain any sort of competitive advantage, according to the filing. Trump returned to X, the platform formerly known as Twitter, in August, though he has said Truth Social is still his primary social media platform. Trump's presence on Truth Social started as a boon for the company but has now become a crutch. But even the former president's loyalty to Truth Social may not be enough to keep the platform afloat on its own.
Persons: Donald Trump, Joe Biden's, DWAC, Devin Nunes, Nunes, Trump, Elon Musk Organizations: Acquisition Corporation, Trump Media, Technology Group, Trump, Republican, DWAC, Securities and Exchange Commission, Truth, Twitter, Facebook, U.S . Capitol, Big Tech, Tesla
☆ Trump's Truth Social reports $73 mln net loss since launch
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
Dave Sanders/Pool via REUTERS//File Photo Acquire Licensing RightsNov 13 (Reuters) - Former U.S. President Donald Trump's social media platform Truth Social has lost $73 million since its launch in early 2022, a securities filing by Digital World Acquisition Corp (DWAC.O), the SPAC that plans to merge with the company, showed on Monday. Trump had announced the launch of his social media app in Oct 2021, saying it would "stand up to Big Tech" companies such as Twitter and Facebook that previously barred him. In 2022, Truth Social posted a loss of $50 million, with net sales of just $1.4 million. It lost $23 million in the first half of this year, with net sales of $2.3 million. Trump Media & Technology Group's (TMTG) independent registered public accounting firm has indicated that the financial condition raises substantial doubt as to its ability to continue as a going concern, according to the filing.
Persons: Donald Trump, Dave Sanders, Donald Trump's, Trump, TMTG, Maria Ponnezhath, Nivedita Organizations: U.S, Trump Organization, Court, REUTERS, Former U.S, World, Big Tech, Twitter, Facebook, Trump Media & Technology, Digital, Thomson Locations: New York, Manhattan, New York City, U.S, Former, Bengaluru
☆ Trump's social media company has lost over $31 million since its launch, faces potential shutdown
  + stars: | 2023-11-14 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +4 min
Truth Social is the alternative social media platform backed by former President Donald Trump, who posts on it several times a day. If the merger does not happen, the DWAC filing warned, TMTG might be unable to "fully develop" Truth Social. Trump returned to X in August, though he has said Truth Social is still his primary social media platform. Trump's presence on Truth Social started as a boon for the company but has now become a crutch. But even the former president's loyalty to Truth Social may not be enough to keep the platform afloat on its own.
Persons: TMTG, Donald Trump, DWAC, Devin Nunes, Nunes, Trump, Elon Musk Organizations: Trump Media, Technology Group, Truth, SEC, Securities and Exchange, Trump, Republican, DWAC, Twitter, Facebook, U.S . Capitol, Big Tech, Tesla
☆ SPAC to return remaining $533 million raise for Trump social media deal
  + stars: | 2023-10-12 | by ( Helen Coster | Thomson Reuters | Helen Coster Is A Media Correspondent At Reuters | ) www.reuters.com   time to read: +3 min
That gave the PIPE investors the right to cancel their commitments. An Aug. 9 amendment of TMTG's deal with Digital World called for the unwinding of the PIPE. This amendment gives Trump new shares in Digital World with more voting power. It remains unclear when and if Digital World will ask its shareholders to vote on the deal with TMTG, a necessary step for its completion. Shares of Digital World dropped 2% on Thursday to $15.54, far below their peak of around $97 a share in March 2022.
Persons: Donald Trump, Dado Ruvic, Donald Trump's, Devin Nunes, TMTG, Helen Coster, Josie Kao, Rod Nickel Organizations: REUTERS, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission, Thomson
☆ SPAC to Return Remaining $533 Million Raise for Trump Social Media Deal
  + stars: | 2023-10-12 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +3 min
That gave the PIPE investors the right to cancel their commitments. An Aug. 9 amendment of TMTG's deal with Digital World called for the unwinding of the PIPE. This amendment gives Trump new shares in Digital World with more voting power. It remains unclear when and if Digital World will ask its shareholders to vote on the deal with TMTG, a necessary step for its completion. Shares of Digital World dropped 2% on Thursday to $15.54, far below their peak of around $97 a share in March 2022.
Persons: Helen Coster, Donald Trump's, Devin Nunes, TMTG, Josie Kao, Rod Nickel Organizations: Corp, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission
☆ A former 'The Apprentice' contestant who first pitched Truth Social to Trump has left the company behind the app, report says
  + stars: | 2022-06-29 | by ( Isobel Asher Hamilton | ) www.businessinsider.com   time to read: +3 min
Andy Dean Litinsky, a senior exec at the company behind Truth Social, left months ago Reuters reports. Litinsky is a former "The Apprentice" contestant who reportedly pitched Truth Social to Donald Trump. Andy Dean Litinsky — who sometimes goes by just Andy Dean — appeared as a contestant on the first season of "The Apprentice" with Trump in 2004, and was hired by Trump in 2006 to head up his production company Trump Productions. The New York Times, The Guardian, and Reuters reported Litinsky pitched the idea for Truth Social to Trump along with fellow former "The Apprentice" cast member Wes Moss in January 2021. One source told The Guardian in April that Litinsky and Moss were the "senior, day-to-day leadership" at Trump Media and Technology Group, the company behind Truth Social.
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