Trump Media and Technology shares spiked 14% on Election Day Tuesday after weeks of volatile trading as investors bet on a Trump win that would send the social media company’s business soaring. The stock – which trades under the ticker DJT, the former president’s initials – has been viewed as an indicator of the Republican … Read more
Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter. The stock of Trump … Read more
One of the biggest shareholders in former President Donald Trump’s media company has all but eliminated its stake following the recent end of selling restrictions. United Atlantic Ventures, managed by Trump Media co-founder Andrew Litinsky, who had appeared on Trump’s hit reality TV show “The Apprentice,” cut its 5.5% stake in Trump Media & Technology from over 7.5 … Read more
Donald Trump is not selling any of his majority stake in the company that owns Truth Social, and he will not leave the social media platform he created, the Republican presidential candidate told reporters on Friday. Shares of Trump Media & Technology Group surged as much as 30% following his comments before closing up 12%. Trump owns … Read more
The tweet came as a surprise, even from the provocative Donald Trump: “I HATE TAYLOR SWIFT!” the former president posted on his Truth Social platform on Sunday. Though the all-caps post came without accompanying commentary or explanation, the context was clear. On Tuesday, just minutes after a debate with vice-president Kamala Harris that Republican Trump … Read more
Elon Musk’s artificial intelligence company xAI has built and opened what will allegedly soon be the world’s largest supercomputer structure in the world. The facility is located in Memphis, Tenn, to the surprise of the City Council. The goal of this computer is allegedly to “understand the universe” and “accelerate human scientific discovery,” but for … Read more
AFP It was the first day of the Democratic National Convention, and it seemed that positive vibes were not on the side of former President Donald Trump, as the stock prices of the parent company of Truth Social hit a new low. On Monday, the stock of Trump Media & Technology Group closed at $22.24, … Read more
Republican presidential candidate Donald Trump said he supports TikTok even as a potential ban looms if Chinese parent company ByteDance fails to divest the short video app’s US assets. “I’m for TikTok because you need competition. If you don’t have TikTok, you have Facebook and Instagram,” Trump told Bloomberg BusinessWeek in an interview posted Tuesday. … Read more
Donald Trump’s media company soared Friday following President Joe Biden’s disastrous performance during Thursday night’s debate against the former commander-in-chief. Trump Media and Technology Group, the parent company of social media platform Truth Social, surged more than 10% in pre-market trading on Friday — a sign that investors were growing more confident that Trump can … Read more
Elon Musk’s social media platform X will stage a town hall with former President Donald Trump — three years after he was suspended from the site in the wake of the Jan. 6 Capitol riots. The presumptive Republican nominee for president, who was convicted Thursday in connection with a hush-money payment to porn star Stormy … Read more
