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Trump personally loses $500M after Truth Social stock takes post-verdict plunge

Late Thursday afternoon, May 30, a jury in Lower Manhattan found former President Donald Trump guilty on 34 criminal counts in Manhattan District Attorney Alvin Bragg Jr.’s hush money/falsified business records case. The verdict marked the first time in the United States’ 248-year history that a former president was convicted on criminal charges. Justice Juan […]

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‘Particularly troubling’: Trump Media alleges illegal trading driving down its share price

The share price for the parent company of former President Donald Trump’s Truth Social website is still experiencing rollercoaster-like surges and dips, and one potential reason for its volatility could be from a form of illegal trading. As of Friday afternoon, the share price of Trump Media and Technology Group (TMTG) is hovering around $36 […]

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‘An audacious scheme’: Board member of Trump’s media company accused of plotting ‘coup’

The CEO of Digital World Acquisition Group – the special purpose acquisition company (SPAC) that facilitated the initial public offering (IPO) of former President Donald Trump’s social media company — was recently accused of orchestrating a corporate “coup” in a lawsuit. CNBC reported this week that current Trump Media and Technology Group (TMTG) board member […]

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‘Stupid’: Billionaire investor says people buying ‘scam’ Trump media stock are ‘dopes’

Ever since the parent company of former President Donald Trump’s Truth Social platform went public on the Nasdaq Composite in late March, its share price has gone steadily downhill. And in a recent interview, billionaire investor Barry Diller slammed both the stock and its buyers. After the rollout of its initial public offering (IPO), the […]

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Expert: Truth Social IPO risky for investors but ‘risk facing the country is even greater’

Former President Donald Trump’s Truth Social platform went public this week (trading as “DJT” on the Nasdaq Composite), and its initial public offering (IPO) is likely to deliver a $3 billion windfall to the ex-president with it currently trading at roughly $70 per share. But one ethics expert argues that the overvalued stock could also […]