Tag Archives: Truth Social

Newsweek reports: President Donald Trump’s Trump Media & Technology Group (TMTG) wrote to the Securities and Exchange Commission (SEC) to alert it to “suspicious activity” after Qube, a U.K.-based hedge fund, declared a $105 million short position in its DJT stock. When an investor takes a short position in a company’s stock, they are betting that the share price will …

Popular Information reports: Trump can boost or depress the price of virtually any stock through the creation or elimination of tariffs. On Tuesday, Trump Media and Technology Group (TMTG), best known as the parent company of the social media platform Truth Social, announced it was launching a series of actively managed investment accounts. TMTG is marketing these “Truth Social-branded Separately …

CNBC reports: Trump on Friday shared an outlandish social media video that defends his recent policy decisions by arguing he is deliberately taking down the market as a strategic play to force lower interest and mortgage rates. “Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” alleged the video, which Trump posted on …

Forbes reports: Donald Trump Jr. made $813,000 in 2024 as a director of Trump Media & Technology Group—roughly a quarter of the company’s annual revenue—despite attending just two of the board’s five meetings, according to a filing made with the Securities and Exchange Commission on Friday. He did, however, attend Trump Media’s poolside party celebrating its success in March at …

The New York Times reports: President Trump’s media company sued a Brazilian Supreme Court justice on Wednesday, accusing him of illegally censoring right-wing voices on social media. The unusual move was made all the more extraordinary by its timing: Just hours earlier, the Brazilian justice had received an indictment that would force him to decide whether to order the arrest …

Bloomberg News reports: Trump Media & Technology Group Corp. rewarded employees with more than $107 million in stock last year as revenue declined and it posted a $401 million loss, according to an annual report posted after markets closed Friday. Revenue slipped more than 12% to $3.6 million while its annual loss swelled more than six-fold. The results boosted the …

Politico reports: President Donald Trump’s social media startup gifted more than $800,000 worth of stock each to Kash Patel, his nominee to run the FBI, and Linda McMahon, his pick to lead the Education Department, according to regulatory filings. Patel and McMahon — who both sit on the company’s board — were each awarded 25,946 shares in Trump Media & …

CNN reports: Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies. Shares of Trump Media (DJT) climbed 8% on the news. Trump Media said it plans to launch a fintech brand called Truth.Fi and to introduce investment vehicles that will focus on American growth, manufacturing, …

Law & Crime reports: A federal appeals court in Iowa handed Devin Nunes another loss in his defamation suit against journalist Ryan Lizza and Hearst Magazines over a 2018 Esquire article that said the Nunes family’s dairy farm knowingly employed undocumented immigrants after a lower court judge determined that the story was “substantially, objectively true.” A three-judge panel on the …

Bloomberg Law reports: Trump’s attorney general selection Pam Bondi is worth $12.2 million, $3.9 million of which is held in Trump Media shares she received after the Truth Social parent company went public last year, financial disclosures obtained by Bloomberg Law show. After a long career in public service, Bondi appeared to accumulate much of her wealth once she entered …

ABC News reports: Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his nearly 115 million shares — worth around $4 billion on paper — in the parent company of social networking site Truth Social …

NBC News reports: President-elect Donald Trump on Saturday named Devin Nunes, the CEO of Trump’s TruthSocial platform, as chairman of the President’s Intelligence Advisory Board. “I am pleased to announce that I will appoint TruthSocial CEO Devin Nunes as Chairman of the President’s Intelligence Advisory Board, which consists of distinguished citizens from outside of the Federal Government,” Trump announced on …

CNN reports: President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. A half-hour into trading Friday, when shares were down again, Trump sent out …

Wired reports: Donald Trump will be the next president of the United States, and the same far-right extremists emboldened by his first administration are celebrating his win with violent memes and threats. Many of the social media posts reviewed by WIRED reveled in fantasies of Trump locking up and even executing his political opponents in revenge. “Build the gallows!!” urged …

ProPublica reports: Former President Donald Trump’s social media company outsourced jobs to workers in Mexico even as Trump publicly railed against outsourcing on the campaign trail and threatened heavy tariffs on companies that send jobs south of the border. The firm’s use of workers in Mexico was confirmed by a spokesperson for Trump Media, which operates the Truth Social platform. …

The Daily Beast reports: Partners at the Wall Street firm backing Donald Trump’s social media platform Truth Social used company funds to pay for prostitutes, abused drugs, partied with strippers and lost millions of dollars gambling, according to a new report in the Wall Street Journal. EF Hutton is also being investigated for securities fraud, and investors have accused its …

Gizmodo reports: Gizmodo submitted a Freedom of Information Act (FOIA) request with the FTC for consumer complaints about Truth Social filed in the past two years. The complaints to the federal agency include some stories from people who say they got signed up for mailing lists they never wanted to be on in the first place. But the complaints about …

The Associated Press reports: The chief operating officer of Truth Social’s parent company has resigned and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing. COO Andrew Northwall resigned from Trump Media & Technology Group Corp. late last month, according to the Securities and Exchange …

Courthouse News reports: Former California Representative Devin Nunes urged a federal appeals court panel Wednesday to revive defamation suits against political writer Ryan Lizza and Esquire magazine over a 2018 article he and his family argue falsely implied their Iowa dairy farm illegally employed undocumented immigrants — and that Nunes conspired to cover it up. Nunes and his family, owners …

ABC News reports: Shares of Trump Media & Technology Group slumped to their lowest level ever Friday, the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform. Shares of Trump Media, commonly called TMTG, tumbled almost 8% to close at $13.55, putting the value …