Tag Archives: Truth Social

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 …

“Why is NASDAQ halting the sale of DJT? What right do they have to do this? They have done it twice today. What’s going on? “Are they taking orders from the SEC, which, for political reasons, delayed us for an inordinate amount of time, therefore hurting the stock very badly? “I am going to hold NASDAQ, and maybe the SEC, …

ProPublica reports: A congressman intervened to help former President Donald Trump’s social media company jump the line for a difficult-to-obtain foreign-worker visa to bring a company executive to the U.S., according to interviews and records reviewed by ProPublica. A former staffer for Rep. Don Bacon, a Nebraska Republican, said the congressman personally instructed her to help Trump Media, even though …

Bloomberg News reports: Next month the former president will be able to start selling bits and pieces of his $2.6 billion ownership in Trump Media & Technology Group Corp., whose share price has fluctuated wildly since going public through a special-purpose acquisition company merger in March. Trump has not indicated any intention to sell shares in Trump Media. And, doing …

CNBC reports: Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, traded below $22.40 per share before noon ET. Trump Media has said …

Law & Crime reports: The “terminated” CEO and board chairman of Digital World Acquisition Corp. (DWAC), a so-called “blank check” special purpose acquisition company (SPAC) that went on to complete a merger with Trump Media & Technology Group (TMTG), taking Donald Trump’s Truth Social company public, was hit with a securities fraud case on Wednesday. The Securities and Exchange Commission …

CNBC reports: Shares of Trump Media & Technology Group dropped more than 13% on Tuesday, continuing the stock’s tumble following the conviction of former President Donald Trump, the company’s majority shareholder. Trump Media shares, which trade under the ticker “DJT,” are down about 40% since May 30, when a New York jury found Trump guilty of 34 felony counts of …

CNBC reports: Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto its small U.S. user base, according to new data on the microblogging platform launched by former President Donald Trump’s media company. So far in May, U.S. daily visits to Truth Social have dropped more than 21% from April, and more than 35% compared to March, …

The Guardian reports: Trump Media and Technology Group, the owner of Donald Trump’s social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended 31 March, the company posted a loss of $327.6 million, which it said included $311 million in non-cash …

Reuters reports: New York Justice Juan Merchan, Trump declared on Truth Social, is a “highly conflicted” overseer of a “kangaroo court.” Trump supporters swiftly replied to his post with a blitz of attacks on Merchan. The comments soon turned ugly. Some called for Merchan and other judges hearing cases against Trump to be killed. In a review of commenters’ posts …

CNN Business reports: Truth Social owner Trump Media & Technology Group announced Monday it fired BF Borgers after US regulators accused the accounting firm of “massive fraud.” The decision to fire BF Borgers was expected and required by regulators. The accounting firm did not respond to a request for comment. Trump Media said in a filing that it “dismissed” BF …

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, …

CNN Business reports: Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year over year in April to about 113,000, according to data shared exclusively with CNN from Similarweb, a data intelligence company. The Similarweb data, which captures the first 29 days of April, showed that the average number of users dipped 4% …

The Daily Beast reports: The Russian who loaned Donald Trump’s social media platform Truth Social $8 million previously set up websites selling dodgy sex pills, according to records seen by The Daily Beast. The flagship product sold by these sites, Vimax—which promises longer sex and a firmer erection—has prompted warnings from health regulators in the U.S. for containing hidden ingredients …

CNN Business reports: Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares. In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling. Naked …

Axios reports: Donald Trump’s meme stock fell on Monday, just like it has fallen on most of the 14 days it has traded on the Nasdaq stock exchange. It closed at $26.61 per share, down 18% from Friday’s close and down 66% from its March 26 high of $79.38. The latest drop came after the social-media company released a 217-page …

CNBC reports: Shares of Trump Media plunged more than 17% in the pre-trading hours Monday after the company filed to issue millions of additional shares of stock. The company behind the Truth Social app, which trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week. Several years into existence, Truth Social has barely any advertising revenue. …

CNBC reports: 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, recently started publicly trading as DJT. The share price is down at least 45% month to date. When asked about the status of her DWAC stock, Greene spokesman Nick Dyer said in …

“I am so proud of Truth Social, because I believe it represents the Make America Great Again Movement, and it shows the Spirit and Love of our Country. “If people who believe in putting America First and want to Make America Great Again, support TRUTH, we will be your Voice like never before, and a Real Voice is what our …