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Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its stock market debut and a potential ...
Donald Trump’s Truth Social platform has filed a lawsuit against 20 media organisations for making what it claims to be defamatory statements about the company’s financial losses.
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”.
Trump Media & Technology Group, the Truth Social owner controlled by former President Donald Trump, recently filed a lawsuit against two of its co-founders seeking to eliminate their stakes in the ...
On Monday, shares of Trump Media - which makes its money exclusively through advertising on Truth Social - fell $13.30 to $48.66. But they are still up nearly 200% so far this year. Trump poised ...
Trump’s Truth Social warns company may be forced to shut down amid huge losses. Donald Trump’s social media app Truth Social’s logo on a smartphone in February 2022 (AFP via Getty Images ...
Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices.
Trump Media and Digital World first announced their merger plans in October 2021. In addition to a federal probe, the deal has faced a series of lawsuits leading up to Friday's vote. Truth Social ...