Tag Archives: Trump Media

CBS News reports: Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm. Trump Media, which owns the Truth Social app, announced in May that it planned to raise $2.5 billion to buy bitcoin, with the goal …

Reuters reports: Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels and on-demand video through …

Raw Story reports: The company behind President Donald Trump’s Truth Social platform will reportedly raise $3 billion to spend on cryptocurrencies. In a Monday report, the Financial Times said Trump Media and Technology Group would “raise $2bn in fresh equity and another $1bn via a convertible bond.” Six sources confirmed the move, the report noted. “TMTG’s capital raise could be …

The Hill reports: Trump Media and Technology Group, Truth Social’s parent company, announced Thursday that it has moved its incorporation to Florida, becoming the latest firm to leave the popular corporate home of Delaware. The move was approved by Trump Media’s shareholders at its annual meeting Wednesday, according to a press release. “We’re thrilled to reincorporate our Company in Florida,” …

CNBC reports: The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, …

“Are people buying this company, this stock because they think it’s got inherent value or because they want to demonstrate support for Donald Trump? They are not making the money yet. Maybe they do in the future but it is hard to justify the valuation with what we’ve seen today. I think it’s almost like a meme stock, and that’s …

The Associated Press reports: As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile. Trump Media debuts with a stock price near $50 and a market value of about $6.8 billion. Many of Digital World’s investors were small-time investors either trying to support Trump or …