Trump’s Media Company Names Kevin McGurn Its Interim CEO As Devin Nunes Exits

Kevin McGurn will lead the company, which posted a $712 million loss last year.

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Via #TheGuardian @ 4:37pm EDT on Sept 04, 2024

#DonaldTrump’s tiny #SocialMedia empire has seen its extraordinary #StockMarket rally wiped out by a steep sell-off.
Shares in #TrumpMediaAndTechnologyGroup, owner of #TruthSocial, closed below $17 on Wednesday, reversing all their gains since the company’s rapid rise took hold in January.

https://www.theguardian.com/business/article/2024/sep/04/trump-media-djt-stock

Stock plunge wipes out Trump Media’s extraordinary market gains

Truth Social shares closed below $17 on Wednesday, reversing all gains since the company’s rapid rise from January

The Guardian

I can't stop laughing at this.

#trump #TrumpMediaandTechnologyGroup $DJT

Trump Media Shares Fall Following Latest Loss And After Former President Returns To Posting On X/Twitter
#News #Politics #DonaldTrump #ElonMusk #TrumpMediaandTechnologyGroup #Twitter

https://deadline.com/2024/08/trump-x-twitter-elon-musk-truth-social-1236038256/

Trump Media Shares Fall Following Latest Loss And After Former President Returns To Posting On X/Twitter

The company reported scant revenue in the most recent quarter.

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#trump #patrickorlando #digitalworldacquisition #truthsocial #trumpmediaandtechnologygroup #fraud #securitiesfraud

Everything Trump touches dies ;

“The U.S. Securities and Exchange Commission on Wednesday sued Patrick Orlando, ex-chief of Digital World Acquisition Corp that helped former U.S. President Donald Trump's social media company go public, for securities fraud.
In a filing with the court of District of Columbia, the SEC said Orlando broke rules concerning securities by issuing false and misleading statements while he led the blank-check firm.”

https://www.reuters.com/technology/us-sec-sues-digital-worlds-former-ceo-alleging-securities-fraud-2024-07-17/

Shares Of Trump Media Group, Parent Of Truth Social, Soar After Assassination Attempt

Shares of Trump Media & Technology Group rose sharply after the assassination attempt on the former president at a Pennsylvania rally Saturday.

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#trump #truthsocial #losses #auditor #trumpmediaandtechnologygroup #gop

“An auditor has raised doubts about the ability of former President Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.

Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.”

https://www.nbcnews.com/business/business-news/trump-media-auditor-warns-losses-raise-doubt-company-rcna145831

Trump Media auditor warns losses raise doubt about company

An auditor has raised doubts about the ability of former President Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.

NBC News
Donald Trump’s Media Company Reports 2023 Revenue Of $4M And $58M In Losses; Stock Drops 25%

Trump Media & Technology Group reported 2023 revenue of $4.1 million and a net loss of $58.2 million, prompting a sell-off in the company's stock.

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Shares In Truth Social Parent Trim Initial Gains But Still Impress In Nasdaq Debut, Boosting Value Of Donald Trump’s Majority Stake To $4.5B
#News #Politics #DonaldTrump #NASDAQ #Stockprice #TrumpMediaandTechnologyGroup #TruthSocial

https://deadline.com/2024/03/truth-social-parent-stock-donald-trump-shares-1235868543/

Shares In Truth Social Parent Trim Initial Gains But Still Impress In Nasdaq Debut, Boosting Value Of Donald Trump’s Majority Stake To $4.5B

Shares in Truth Social's parent pared early gains but still rose 16% in their Nasdaq debut, boosting the value of Donald Trump's stake.

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Trump’s Media Company Reportedly Under Federal Investigation For Money Laundering Linked To Russia

Trump Media had already come under federal scrutiny over its planned merger with the Digital World SPAC.

Forbes