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☆ Trump Media’s revenue remains very tiny as it launches Truth+ streaming
▼ + stars: | 2024-08-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Even though Trump Media & Technology Group (DJT) is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. But Trump Media is hoping to turn things around by building a streaming business catering to conservatives. Trump Media wants ‘neglected’ contentLast week, Trump Media launched Truth+, a TV streaming platform available on Android, iOS and the Web versions of Truth Social. Trump Media said it will have the right to secure the source code in the future for the streaming technology. Trump not only serves as the chairman of Trump Media, he is the dominant shareholder, with 114.75 million shares.

Persons: Donald Trump’s, Trump, Kamala Harris, ‘, “, ”, Devin Nunes, ” Nunes Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, White House, Fox News, ” Trump Media, Big Tech, Amazon, Netflix, Republican, ” Trump Locations: New York, Silicon Valley

☆ Americans are falling behind on their payments
▼ + stars: | 2024-04-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Americans are already struggling to keep up with their credit card payments. Strong consumer spending has buoyed the US economy through the Fed’s aggressive hiking cycle that has brought interest rates to a 23-year high. Economists say that Fed officials look closely at Americans’ ability to make their payments. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. “This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” the Trump Media CEO wrote.

Persons: New York CNN —, Austan Goolsbee, ’ ”, ”, Ramon Laguarta, Matt Egan, Devin Nunes, ” Nunes, Nunes, Read, Hanna Ziady, Colm Kelleher, “ Organizations: CNN Business, Bell, New York CNN, Chicago Federal, Society for, New York Fed, ISI, PepsiCo, Commerce Department, Atlanta Fed, Social, Trump Media, Trump Media & Technology Group, Truth Social, Financial Services, Republican, Traders, UBS, Credit Suisse Locations: New York, California, Switzerland, Swiss

☆ Truth Social owner Trump Media asks Congress to investigate ‘troubling’ market manipulation claims
▼ + stars: | 2024-04-24 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. Nunes suggested there are signs of “naked” short selling, which involves someone selling shares they don’t own or have not borrowed. Jay Ritter, a finance professor at the University of Florida, said there are more obvious explanations for why some traders are betting against Trump Media. Last week, Nunes wrote a letter to Nasdaq, where Trump Media shares trade, alerting the exchange to concerns about market manipulation.

Persons: New York CNN —, Devin Nunes, ” Nunes, Nunes, ” Jonathan Macey, Jay Ritter, ”, Jay Ritter, Ritter, Jane Street, Ken Griffin, “ Devin Nunes, ‘ Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Truth Social, Trump Media, Financial Services, Republican, Traders, Yale Law School, CNN, University of Florida, ” Trump Media, Trump, Citadel Securities, Virtu, Jane, Capital, Citadel, Nasdaq, CNBC Locations: New York, California, Virtu Americas, America

☆ Truth Social owner Trump Media will begin trading Tuesday as the merger closes
▼ + stars: | 2024-03-25 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Truth Social owner Trump Media & Technology Group announced Monday its merger with a publicly traded shell company has closed and trading will begin on the stock market on Tuesday. Trading of the new company under the ticker symbol “DJT” on the Nasdaq Stock Market is set to begin on Tuesday, the companies said. Shares of Digital World Acquisition Corp (DWAC), the shell company that now owns Truth Social, surged more than 20% on Monday. Experts warn that the market is overvaluing Trump Media given the company’s fundamentals. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.

Persons: Donald Trump, Devin Nunes, ”, ” Nunes, CNN’s Elisabeth Buchwald, Krystal Hur Organizations: New, New York CNN, Truth, Trump Media & Technology Group, Trump Media, Corp, Nasdaq, Digital, Trump, Big Tech, overvaluing Trump Media, SEC, Twitter, CNN, AMC Entertainment, GameStop Locations: New York

☆ Amanda Nunes retains bantamweight belt, calls time on glittering career
▼ + stars: | 2023-06-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

CNN —Brazil’s Amanda Nunes scored a dominant decision victory over Irene Aldana to retain her bantamweight crown at UFC 289 before dancing with her daughter and retiring in the cage as the curtain came down on a stunning career. “Double champion forever, baby!” roared Nunes, nicknamed “The Lioness”, as her gloves were being removed for the final time. Nunes celebrates her victory with daughter Raegan. Sergei Belski/USA Today Sports/ReutersNunes was originally slated to fight Juliana Pena, who interrupted the Brazilian’s dominant bantamweight run with a surprise win in December 2021 before losing the rematch, but Pena suffered a rib injury and had to withdraw. “My mom was asking me so much to do this (retire) for so long, she can’t take it anymore,” Nunes said.

Persons: CNN — Brazil’s Amanda Nunes, Irene Aldana, “, ”, Nunes, Raegan, Sergei Belski, Reuters Nunes, Juliana Pena, Pena, Nina, ” Nunes, she’s, …, I’ve, Miesha Tate, Cris Cyborg Organizations: CNN, UFC, USA, Sports, Reuters Locations: Mexican, Brazilian

☆ Deshaun Watson returned in Cleveland Browns game against Houston. 10 of the women who accused him of sexual misconduct were expected to attend, lawyer says
▼ + stars: | 2022-12-04 | by ( Alaa Elassar | ) edition.cnn.com time to read: +10 min

CNN —Around 10 of the more than two dozen women who accused Cleveland Browns quarterback Deshaun Watson of sexual misconduct were expected to attend his game in Houston on Sunday, according to their attorney. I was proud of them for that,” Tony Buzbee, the lawyer representing the accusers attending the game, told CNN in a statement. Makes me proud they want to stand up and be counted rather than quietly go away.”The NFL and the Cleveland Browns did not respond to CNN’s request for comment regarding the accusers’ attendance. We’re a huge football town, folks here have been lifelong fans of the Cleveland Browns,” Greene said. We believe that Deshaun Watson deserves a second chance.”The team’s “refusal to prioritize protecting women sends a disgusting message” to survivors of sexual assault, Nunes said.

☆ National feminist organizations break their silence on Amber Heard in an open letter of support
▼ + stars: | 2022-11-16 | by ( Kat Tenbarge | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | ) www.nbcnews.com time to read: +6 min

It was written by a group of people who identify as domestic violence survivors and supporters of Heard. Many who did speak out in support of Heard, including the National Coalition Against Domestic Violence, were met with ferocious backlash from Depp’s supporters online. Others who signed the letter echoed their concerns that reaction to the trial on social media was harmful to everyday victims of domestic violence. Since the trial, there has been more public support for Heard on social media, the spokesperson for the group behind the letter said. She and other anonymous Heard supporters had been “working to combat disinformation for months” when they joined for the open letter initiative.

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