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MIAMI (AP) — The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict during his administration and which many of his allies want him to curtail in a potential second term.
Share prices for Donald Trump’s media company fell nearly 15 percent on Thursday as the former president’s business continued to endure a tough month.
Donald Trump’s media company reported a $327.6m first-quarter loss this week, sending Trump Media and Technology Group’s stock plunging in recent days.
Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission. The report is one of the first measures of the company's true financial health since it debuted as a public company on the Nasdaq Stock Market in March after completing a merger with a shell company, Digital World Acquisition Corp. DJT shares were relatively flat in post-market trading following the release of the earnings report, which had not been highly publicized prior. The stock was down 5% at market close, with a share price of $48. Since going public, the DJT stock has whipsa
Donald Trump’s flagship media company reported a loss of more than $300m in its first quarter as a publicly traded company.
The CEO of Trump Media urged leading House committee chairmen to investigate eight financial firms over concerns of potentially illicit short selling of DJT, whose majority shareholder is former President Donald Trump. "I believe quick action is necessary to protect retail shareholders, identify wrongdoers, and determine whether any laws including [Racketeer Influenced and Corrupt Organizations Act] statutes and tax evasion laws have been violated," wrote CEO Devin Nunes, who on April 24 first asked top House Republicans to probe short selling of Trump Media stock. Nunes, in a letter dated Wednesday, wrote that the committees should seek documents and testimony from the eight firms that he named: Apex Clearing, Clear Street, Cobra Trading, Cowen and Company, Curvature Securities, StoneX Se
Trump Media & Technology Group, the parent company of Donald Trump’s beloved Truth Social, has asked Congress to investigate whether “potential manipulation” of the company’s stock could have caused its share price to plummet.
Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible "unlawful manipulation" of the company's stock. Nunes, himself a former House GOP chair, in a letter asked them to probe "anomalous trading" of the stock in order to gauge the extent of the alleged manipulation and "whether any laws including RICO statutes and tax evasion laws were violated." The request doubles down on Nunes' claim that Trump Media, which trades under the ticker DJT, is the apparent victim of "naked" short selling, the practice of selling a company's shares without first borrowing them for that purpose. Trump Media, which began trading on the Nasda
Donald Trump dodged financial calamity on Monday. The office of Letitia James, the New York attorney general, and lawyers for Trump reached agreement in open court on the terms governing the appellate bond posted by the former president. After nearly an hour of argument and an extended recess, the parties achieved a workable solution. It is a ray of sunshine in Trump’s otherwise bleak legal landscape.