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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.
Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. "If we have to go to the Congress or if we have to take legal action, we will do whatever it takes to defend our retail investors," Nunes said in an interview with right-wing media outlet Newsmax. Nunes also called out President Joe Biden for mentioning Trump Media's stock price in a speech earlier this week. "Isn't that weird?" Nunes said. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, h
Citadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "Nunes is exactly the type of person Donald Trump would have fired on The Apprentice," said the spokesperson referring to the former Republican president's business competition reality TV show. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. A s
Trump Media has warned the CEO of the Nasdaq Stock Market of 'potential market manipulation' of the company's stock by "naked" short selling of shares. The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute trades betting that the price of the stock will fall. Trump Media disclosed the warning to Nasdaq CEO Adena Friedman in a filing Friday morning with the Securities and Exchange Commission. DJT's share price has rallied in recent days, but is still sharply lower than the more than $70 per share it debuted with on Marc
NEW YORK (AP) — The stock price for Donald Trump’s social media company slid again Monday, pushing it nearly 60% below its peak set late last month.
Trump Media & Technology Group has generated few positive headlines since its value initially soared when it started trading on the tech-focused Nasdaq under the stock ticker symbol of DJT — former president Donald Trump’s initials.
The merger that led to Trump Media shares becoming publicly traded is also paying off for top executives and other insiders at the company, which owns the Truth Social app regularly used by former President Donald Trump. Corporate filings from Trump Media — which reported a net loss of $58 million last year on revenue of just $4.1 million — detail the salaries, retention bonuses, and stock allocations for CEO Devin Nunes and other executives. Trump himself is by far the biggest shareholder, with 78.75 million shares that give him a stake of nearly 58% of the social media company's common stock. The number of people financially rewarded in the early stages of the company is limited. Besides the former president, it includes the chief financial officer, chief operating officer, and several people close to Trump. Trump