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The Latest Breaking News from TMTG

Trump Media has lost almost 50% of its value since a preelection rally sent the stock soaring

Many traders hoped to cash in on a possible Trump win—and once it happened, they sold.

Fortune

Wall Street and bitcoin soar to record highs as Trump wins US election

Dollar up and renewable energy stocks down, while shares in president-elect’s media business rise by more than a third

The Guardian - US

Trump Media posts heavy losses in surprise election-night earnings report

Nasdaq halts trading of the company’s stock several times as its price rises and falls by huge percentages

The Guardian - US

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Donald Trump’s net worth plunges by more than $1 billion in one day as his meme stock tanks

The drop comes after a scorching-hot October rally and concerns that the Trump campaign may have committed an unforced error with less than a week left.

Fortune

Trump Media stock drops the day after trading was halted five times for being too volatile

The stock has seen a 270% increase over the past month.

Fortune

Trump's Truth Social Surpasses Musk's X In Value

Trump's Truth Social surpasses X in market value, valued at B. Musk's backing adds dimension to Trump's political aspirations.

Top News

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

Value of shares in former president’s media company now valued at over $10bn surpassing estimated value of X Holdings, owned by Elon Musk

The Independent UK

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Trump Media soars to $10 billion market cap, overtaking the value of X, which has hundreds of millions more users

After surging almost 300% from its all-time low, TMTG’s share price means it’s now one of the most valuable social media companies in America.

Fortune

Trump's Truth Social Surges in Value, Overtakes Elon Musk's X

Trump Media & Technology Group now has a market capitalization of about $9.48 billion, while X is worth about $9.4 billion.

Latin Times

Trump’s Truth Social is worth almost as much as Elon Musk’s X as Trump Media jumps another 20%

TMTG is now worth about $8.3 billion, not far from the estimated value of Musk's far larger X despite revenue equivalent to the sales of four Starbucks stores.

Fortune

Trump Media bear says stock 'goes to zero' if Trump loses the election—and a $4 billion stake could become worthless

Investors swarmed Trump Media over the last month in the hopes of cashing in on Donald Trump’s election odds, but a bloodbath may be coming.

Fortune

Trump Media stock soars nearly 200% as momentum traders ride its coattails chasing major returns

Trump Media stock had its two biggest trading weeks ever, as the stock soared from an all-time low in September.

Fortune

The company building Trump Media’s tech has historic links to Iran, Russia, and China

Three companies brokered a complex deal to build Donald Trump’s Truth Social. How they’re all involved is a mystery even to them.

Fortune

Trump Media execs quit amid CEO claims

The firm that operates Truth Social is in turmoil following internal complaints to company board

Salon

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Fortune

Trump Media COO Andrew Northwall resigns, per SEC filings

Trump Media and Technology Group, the owner of Truth Social, announced Northwall had resigned in an SEC filing on Thursday.

Fortune

Trump Media stock is up 19% over the last 5 days

The price spiked on Tuesday after a flood of shares began trading as the market opened.

Top News

Former 'Apprentice' Contestants Sell Majority Stake In Trump Media

Florida firm linked to 'The Apprentice' reduces stake in Trump Media & Technology Group amid legal disputes.

Fortune

Trump Media cofounders just dumped almost all of their stock

Andrew Litinsky and Wes Moss, both former 2004 reality-TV contestants on Trump’s Apprentice show, liquidated over 7.5 million shares worth around $100 million after falling out with the former president.

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The Independent UK

Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform

A Florida firm that had a 5.5% stake in Trump Media & Technology Group has disposed of most of their holdings in the company, which owns former president Donald Trump’s Truth Social platform

Fortune

Trump Media shares are rebounding from record lows. Here's why

Had Trump moved to liquidate part of his 59% stake at the first available opportunity to meet heavy legal costs, the parent of Truth Social would have had to report the sale by now.

Fortune

Trump Media shares crash to record low despite better polling

Until recently the price of Truth Social's parent company, TMTG, has been seen as a barometer of the former president's election chances in November.

Fortune

Trump Media lockup deadline leaves Trump with a choice: trigger a fire sale or hold a meme stock

Some say the stock is worth only $1.50 a share.

The Independent UK

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform

Fortune

Trump Media erases all 2024 stock gains days before Donald Trump can cash out his $1.95B stake

Donald Trump's stake is still worth nearly $2 billion, but fears he might follow its CEO Devin Nunes and sell stock is weighing on sentiment.

Fortune

Truth Social parent hits new all-time low as Donald Trump returns to X

With the presidential race now neck and neck, Trump cannot afford to limit his reach to Truth Social, a problem for its stock-exchange-listed parent, TMTG.

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