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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 ...
Donald Trump’s Trump Media and Technology Group (TMTG), the parent company behind his Truth Social network that made its Wall Street debut last week, had to be kept afloat in 2022 through a ...
At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion. The former president founded Truth Social after he was kicked off major social media apps like Facebook and ...