Former President Donald Trump’s fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company’s stock price lopping $4 billion off its value. Monday’s plunge in Trump Media & Technology Group’s shares, which debuted on the Nasdaq Composite Index on March 25 under the ticker … Read more
When Truth Social launched in 2022, backers of the social network described it a conservative-friendly alternative to Big Tech platforms that would attract advertisers eager to court former President Donald’s Trump’s millions of followers. But a new regulatory filing reveals that Truth Social’s owner, Trump Media & Technology Group, has booked only $2.3 million in … Read more
The funding partner for Trump Media & Technology Group said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments. Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said in a regulatory filing that it has received termination notices from … Read more
NEW YORK — With accountants on the witness stand and Former President Donald Trump at the defense table for a third day, his attorneys tried to pin blame on accounting firms for any problems with the statements. But lawyers for New York Attorney General Letitia James sought to show that the accountants relied entirely on … Read more