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☆ Truth Social: Donald Trump is on the verge of another $1 billion windfall
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social. Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices. Of course, Trump Media’s share price is subject to extreme volatility, meaning the value of this stake can swing wildly. ‘Grossly overvalued’Even though Trump Media’s share price has retreated since spiking to $66 last month, experts warn it remains overvalued based on fundamental metrics. Ritter, who has been studying IPOs for four decades, expects Trump Media’s share price to eventually plunge to just $1 or $2 per share.

Persons: Donald Trump, Trump, ”, Michael Ohlrogge, ‘, Matthew Kennedy, Kennedy, Jay Ritter, University of Florida . Ritter, Peter Byrne, Cooley Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, SEC, NYU School of Law, Renaissance, Facebook, Meta, University of Florida, NYU Locations: New York

☆ Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
▼ + stars: | 2024-04-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an "earnout" bonus worth more than $1.25 billion, at Monday's price. The 36 million additional shares for Trump would be added to the 78.75 million shares he already owns, as the company's majority shareholder. When the earnout shares are added to his existing stock, Trump's total stake in Trump Media would be worth more than $4 billion on paper, at $35 a share. But since then, Trump Media's share price has plunged. By the close of trading on April 15, the share price had fallen nearly 68% from its opening price.

Persons: Donald Trump, Donald J, Trump Organizations: Trump Media, Trump, Trump Media's, Trump Media & Technology Group Corp Locations: New York City

☆ Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.

Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas

☆ Legal Fight Over Trump Media’s Ownership Adds to Its Woes
▼ + stars: | 2024-04-18 | by ( Matthew Goldstein | David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

In February, they sued the company, claiming that Trump Media — which made its trading debut last month at an $8 billion valuation — was trying to deprive them of the full value of their shares. Now they also claim the company is trying to prevent them from selling those shares. In a separate lawsuit that followed, Trump Media claimed that Mr. Moss and Mr. Litinsky should forfeit their shares because their poor decision-making had contributed to a yearslong delay in its merger with Digital World Acquisition Corporation. Trump Media agreed to merge with Digital World, a cash-rich shell company, in 2021 as a way to go public, but the deal closed only in March. The pair’s stake is worth more than $220 million based on the current $26 share price of Trump Media, compared with $2 billion for Mr. Trump.

Persons: Wes Moss, Andy Litinsky, Donald J, Trump, Moss, Litinsky Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition Corporation

☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

☆ Trump Media stock swings higher after two very bad days
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Investors in Trump Media & Technology Group’s stock are finally, after two days of turmoil, seeing an uptick in their shares. The stock TMTG (DJT) rebounded by more than 12% in early afternoon trading on Wednesday after tumbling precipitously earlier this week. The price of fameThere are many reasons why Trump Media shares have been so volatile, including the fact that the company is inextricably linked to the former president. Trump Media lost $58 million in 2023 and made just $4.1 million in revenue. Extreme turbulenceTrump Media’s extreme peaks and troughs have caused wild swings in the net worth of the company’s largest shareholder and chairman: former President Donald Trump.

Persons: Donald Trump, Trump Organizations: New, New York CNN — Investors, Trump Media & Technology, Disney, Trump Media, Trump Locations: New York

☆ Gen Zers are in their 'boycott era', even when it comes to which jobs they apply for
▼ + stars: | 2024-04-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Gen Zers are in their boycott era, turning against anything that doesn't align with their beliefs. But McGoff said Gen Zers wanted their workplace to align politically — so they had to talk about it. Getty ImagesGabrielle Yap, who's 26, said Gen Zers grew up in a time when information was available at their fingertips 24/7. "The company's public stance on these points, as well as the managers' views, affect the organization's capacity to hire Gen Zers," he said. It was a 2018 survey by Deloitte, not Deloitte's 2023 Gen Z and Millennial Survey.

Persons: Zers, —, there's, Gen, Z, Gen Zers, Karim Adib, Omar Taleb, Zer, George Floyd, Erin McGoff, McGoff, Adib, Gabrielle Yap, We've, we're, Yap, It's, Khalid Machchate, Zoomers, would've, Taleb Organizations: Service, Starbucks, McDonalds, Hyundai, HP, Siemens, Deloitte, Survey, ClickThrough, Bright Network, W Technology Locations: Israel, Gaza, who's, Lindsey, Africa

☆ Investing in Trump Media is an 'act of faith,' expert says. Here are some risks involved
▼ + stars: | 2024-04-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

A screen displays trading information about shares of Truth Social and Trump Media & Technology Group outside the Nasdaq MarketSite in New York City on March 26, 2024. The former president is the majority shareholder in Trump Media, which trades under the initials of his name, DJT, on the Nasdaq. "The reason that people own this stock is because, in one way or another, they support Donald Trump," Rekenthaler said. The closest company comparison to Trump Media is Tesla, according to Rekenthaler. Trump Media is currently a $4 million business through social media, he said.

Persons: Donald Trump, Rekenthaler, John Rekenthaler, Tesla, Elon, Trump, FAFSA, Preston D, Cherry, who's, Oprah —, Ted Jenkin, Jenkin Organizations: Truth Social, Trump Media & Technology Group, Nasdaq, Trump Media, Morningstar, Elon Musk, Trump, Securities and Exchange Commission, Finance, Adidas, CNBC FA Council Locations: New York City, Green Bay , Wisconsin, Atlanta

☆ Donald Trump's Truth Social has crashed 70% from its peak — and experts say the meme stock may fall further
▼ + stars: | 2024-04-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Donald Trump's meme stock has plunged by 70% from its peak last month. Trump Media & Technology Group, which owns Truth Social, soared after it went public. AdvertisementDonald Trump's meme stock skyrocketed in March but has now crash-landed. Advertisement"Given Donald Trump's substantial fanbase, particularly during election cycles, he could wield significant influence over specific stocks, such as Truth Social stock," he said. The sharp rise in Truth Social price will definitely be a short-run phenomenon because it is not fully backed by fundamentals."

Persons: Donald Trump's, —, Donald, Trump, Michele Costola, Costola, Imran Yousaf, Warren Buffett, Yousaf, it's, TMTG, they'll, Devin Nunes Organizations: Trump Media & Technology Group, Service, Bloomberg, Foscari University of Venice, Kean University, GameStop Locations: Tuesday's

WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.

Persons: —, Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan

☆ Trump Media stock tanks: Here's what investors need to know
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Media stock tanks: Here's what investors need to knowLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss Trump Media & Technology Group as the company's stock plunged after announcing massive share sale.

Persons: Liz Hoffman Organizations: Email Trump Media, Trump Media & Technology Group

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because they no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

☆ Trump’s stock tumbles again after Truth Social announces it’s getting into streaming
▼ + stars: | 2024-04-16 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Investors in Trump Media & Technology Group’s stock are throwing in the towel. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like Disney have struggled to turn a profit. Although the company is still worth billions of dollars, it is struggling to make money and desperate for cash. A home for ‘suppressed’ contentThe streaming initiative didn’t give investors any reason to get enthused about the company. Truth Social said it spent the past six months testing its web, iPhone and iPad apps for live TV streaming, and it hopes to launch a content delivery network to stand up streaming apps for phones and tablets — and eventually smart TVs.

Persons: Donald Trump, “, ”, Devin Nunes, they’ll, Elon Musk’s, Musk, Trump Organizations: New, New York CNN — Investors, Trump Media & Technology, Disney, Trump Media, Truth, Republican Locations: New York, California

☆ Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mark Cuban says he'll be paying $288 million in taxes to the IRS. The billionaire says he's "proud to pay my taxes every single year," unlike one ex-president. AdvertisementBillionaire Mark Cuban says he's happy to pay his fair share of taxes — unlike one former president. "This country has done so much for me, I'm proud to pay my taxes every single year. Tag a former president that you know doesn’t https://t.co/jxuICxOIAr — Mark Cuban (@mcuban) April 14, 2024This isn't the first time Cuban has taken a swipe at Trump.

Persons: Mark Cuban, he'll, he's, —, Donald Trump, — Mark Cuban, Cuban, Axios, Joe Biden, Trump, didn't, E, Jean Carroll, Carroll, Forbes Organizations: Service, Trump, BI, New York Times, The Times, New, Trump Media & Technology Group, Bloomberg, Trump Media's Locations: Cuban, New York

☆ Trump stock tanks after issuing tens of millions new shares
▼ + stars: | 2024-04-15 | by ( David Goldman | Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. Anyone who bought Trump Media at the closing high of $66.22 on March 27 has now lost more than half of their money. Why Trump Media stock is so volatileThere are a number of reasons behind the stock’s eye-popping swings. Unless he were to purchase stock in the new public offering, Trump would own just under half of the company’s publicly traded stock after it issues more shares.

Persons: New York CNN —, Donald Trump, Matthew Tuttle, ”, Tuttle, “, … You’ve, Trump, Donald J Organizations: New, New York CNN, New York CNN — Trump Media & Technology, Tuttle Capital Management, Trump, ”, Trump Media, Wall Locations: New York, “

☆ Stocks making the biggest moves midday: Tesla, Goldman Sachs, Salesforce and more
▼ + stars: | 2024-04-15 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, while analysts surveyed by LSEG had called for earnings of $8.56 per share on revenue of $12.92 billion. Analyst Erik Woodring forecast only 3% annual revenue growth through fiscal 2027, which is below consensus. Morgan Stanley initiated coverage of the social media platform at equal weight, saying shares are already trading at fair value. Deutsche Bank called Reddit a buy, while Raymond James said the social media stock is a strong buy. Trump Media & Technology Group — Shares of Trump Media plunged more than 15% after the company filed to issue up to 21.5 million shares.

Persons: Elon Musk, Tesla, Goldman Sachs, Wall, Goldman, LSEG, Morgan Stanley, Erik Woodring, Salesforce, Raymond James, Coupang, Resideo, Charles Schwab —, Schwab, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Logitech —, Dow, Street Journal, Informatica, Reddit, Wall, JPMorgan, Deutsche Bank, Medical Properties, Trump Media & Technology, Trump Media, Citi, Resideo Technologies Locations: Stifel, Utah, South Korea

☆ Trump tries to boost support for Truth Social as his media stock tanks
▼ + stars: | 2024-04-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company's stock continues to sink lower. "If people who believe in putting America First and want to Make America Great Again, support TRUTH," Trump wrote. Despite the fall in share price and the company's lack of revenue, Trump Media still boasted a market capitalization of more than $4.2 billion. Trump owns more than 57% of the company's stock, though he is barred from selling his stake until a six-month lockout period expires. Trump, the presumptive Republican presidential nominee, defended Truth Social from its critics earlier in April.

Persons: Donald Trump, Trump, Devin Nunes, Nunes Organizations: Trump, America, Trump Media & Technology Group, Nasdaq, Trump Media, Trump Media's, Republican, Fox

☆ Marjorie Taylor Greene won’t say what happened to her Trump Media stock
▼ + stars: | 2024-04-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Asked by CNBC and NBC News, Greene wouldn't say what happened to her stock in Digital World Acquisition Corp., which, through a merger with Trump Media and Technology Group, recently started publicly trading as DJT. Trump Media is the parent company of the former president's social media app, Truth Social. A spokesman for Bucshon confirmed to CNBC and NBC News that the Indiana lawmaker still owns stock in the now-merged media company despite the dipping stock price. But Greene would not say what's happened to her stock since her original purchase and her public disclosures have not shown that she sold DWAC or Trump media stock, according to documents archived by LegiStorm, raising questions among ethics lawyers about what happened to Greene's stock. Greene also would not say when asked by NBC News on Wednesday what happened to her Trump Media stock.

Persons: Marjorie Taylor Greene, Donald Trump, doesn't, Greene wouldn't, Greene, Larry Bucshon, Trump, Bucshon, DWAC, Chris Josephs, Josephs, Nick Dyer Organizations: Nasdaq, CNBC, NBC News, Trump Media, Technology Group, Social, DWAC, Indiana, Trump Locations: Rome , Georgia, DWAC

☆ Some Trump stock investors have already lost half their money
▼ + stars: | 2024-04-12 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of Trump Media & Technology Group are in free fall. Trump Media is now trading below $31. Trump owns a dominant stake of 78.8 million shares in the company, which generates little revenue and is losing users. At the closing high for Trump Media’s stock price, the former president’s stake was valued at $5.2 billion. Trump Media disclosed losing $58 million in 2023 on very light revenue of just $4.1 million.

Persons: Donald Trump’s, Trump, ”, Shannon Devine, Capital’s Matthew Kennedy, Billionaire Barry Diller, ” Shannon Devine, it’s Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Nasdaq, Trump, Big Tech, ” Trump Media, CNN, Expedia, People Magazine, IAC, CNBC Locations: New York

☆ Trump is about to face trial on criminal hush money charges. Here's what to know
▼ + stars: | 2024-04-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +9 min

Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he is attending a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024. Michael Cohen, former attorney for Donald Trump, arrives to the New York Courthouse on March 13, 2023. In 2018, Cohen pleaded guilty to campaign finance charges related to hush money payments made to two women before the 2016 election. Trump has voluntarily attended numerous hearings in the hush money case and his other criminal cases, generating waves of mainstream media attention that his regular campaign events no longer muster. Former U.S. President Donald Trump sits with his lawyer Susan Necheles in the courtroom at a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024.

Persons: Donald Trump, Brendan Mcdermid, Reuters Donald Trump, Trump, Stormy Daniels, Attorney Alvin Bragg, Jane Rosenberg, Reuters Trump, Michael Cohen, Eduardo Munoz, Trump's, Cohen, Daniels, Bragg, Karen McDougal, David Pecker, Juan Merchan, Will Trump, Eric Trump, Angela Weiss, Judge Merchan, —, Norm Eisen, Eisen, Reuters Cohen, McDougal, Bradley Smith, Susan Necheles, Reuters Trump's Organizations: U.S, Reuters, Manhattan, Attorney, New, DA, Reuters Central, Trump, Trump Organization, National Enquirer, American Media Inc, Former U.S, Manhattan Criminal, Eric Trump Via Reuters, Trump Media & Technology Group, Manhattan Federal, AFP, Getty, Democrats, Court, NBC, Federal, Commission Locations: New York City, New York, Manhattan, Lago, Palm Beach , Florida

☆ Trump Media director accused of 'hacking' files in attempted corporate 'coup': lawsuit
▼ + stars: | 2024-04-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

That blank-check company last month completed a merger to take Trump Media & Technology Group Corp. public, allowing it to trade on the Nasdaq. Those co-founders have sued Trump Media in Delaware Chancery Court over their stake in the company. Trump Media did not immediately respond to CNBC's requests for comment on the lawsuit. Trump Media in an April 1 regulatory filing reported that ARC II owns 6.9%, or about 9.5 million shares, of the post-merger company. To access the account, which "stores the lifeblood" of both investment firms, Swider allegedly enlisted Cano, Orlando's former assistant.

Persons: Donald Trump, Stefani Reynolds, Donald Trump's, Eric Swider, Patrick Orlando, Swider, Orlando, Alexander Cano, DWAC's, he's, Cano, Orlando's, Brendan Mcdermid Organizations: AFP, Getty Images Investment, Benessere Investment Group, ARC Global Investments, Digital, Swider, Trump Media & Technology Group Corp, Nasdaq, Trump, DWAC, Securities and Exchange Commission, Trump Media, Wired, Orlando, collude, ARC II, ARC, Benessere, Truth Social, Trump Media & Technology Group Locations: Washington ,, South Florida, Orlando, Florida, Delaware Chancery, New York City, U.S

☆ Why Trump Media & Technology Group’s stock price is so volatile
▼ + stars: | 2024-04-09 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

You might miss a massive move in Trump Media & Technology Group’s stock price. Trump Media is so turbulent that it makes bitcoin’s volatility look tame. There are many reasons why Trump Media shares have been so volatile, including the fact that the company is inextricably linked to the former president. This dynamic makes it easier for investors to place bullish bets, sending Trump Media shares surging. But that has been trickier with Trump Media, allowing its stock to spike in its early days.

Persons: Donald Trump, it’s Trump, ”, Matthew Tuttle, Michael Ohlrogge, Matthew Kennedy, Kennedy, “, it’s, Bob Sloan, Tuttle, Charles Schwab, ” Tuttle, Ohlrogge, Trump, Renaissance’s Kennedy, Jonathan Macey, ” Macey Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, Tuttle Capital Management, Trump Media’s, NYU School of Law, Similarweb, Renaissance, Facebook, Meta, “ Traders, Companies, S3 Partners, CNN, NYU, MBT, Yale Law School Locations: New York

☆ The stock market is shrinking and Jamie Dimon is worried
▼ + stars: | 2024-04-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Jamie Dimon, one of the world’s most influential business leaders, is worried. The PE boom: The shrinking public market has private equity to blame — funds that pool money from investors to acquire or invest in companies. When a PE fund buys a public company, it takes that company private. The number of private companies in the US backed by PE firms has grown from 1,900 to 11,200 over the last two decades, according to JPMorgan data. Dimon’s company, of course, makes a huge amount of money from taking companies public, so he’s not exactly an impartial observer.

Persons: Jamie Dimon, ”, Matthew Kennedy, Dimon, “, it’s, Russell, Lewis, Glass Lewis, Wells, aren’t, Matt Egan, Donald Trump’s, That’s, Reddit, —, Read, Biden, Joe Biden’s, Sam Fossum, Anna Cooban, ” Biden Organizations: CNN Business, Bell, New York CNN, JPMorgan Chase, JPMorgan, Renaissance, PE, ” Companies, Companies, Harvard Law, Corporate, Institutional, Services, Deutsche Börse, Peloton Capital, CNN, ISS, Social, Trump Media & Technology Group, Trump, Trump Media, Twitter, White, Taiwan Semiconductor Manufacturing Company Locations: New York, United States, America, German, Arizona, ”

☆ Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving
▼ + stars: | 2024-04-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

TMTG stock has plunged 53% from its intraday peak two weeks ago, slashing Trump's net worth. AdvertisementDonald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived. The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. AdvertisementTMTG shares hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.

Persons: Donald Trump, —, Forbes, Trump, George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, Bernie Marcus, Ralph Lauren, TMTG Organizations: Service, Bloomberg, Trump Media & Technology, TMTG, Paramount, Etsy, Hasbro, American Airlines Locations: Monday's

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