The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in the stock that didn’t come.
Category: Digital World Acquisition Corp
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2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty
Michael and Gerald Shvartsman, who had originally pleaded not guilty to securities fraud charges, each pleaded guilty to one count of securities fraud.
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Many People and Companies Have Made Millions on Trump Media’s Stock
A surge in the social media company’s market value has generated a windfall for current and former executives, on top of the bonanza for its largest shareholder, former President Trump.
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What to Know About Trump’s High-Flying Stock Debut
Trump Media attracted a frenzy of interest on its first day of trading, and is now worth nearly $8 billion. Here are the basics of what’s happening.
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Trump’s Media Company Gets Lofty Valuation on First Trading Day
Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, started trading on the Nasdaq, adding billions of dollars to the former president’s wealth.
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Lofty Valuation Carries Trump’s Social Media Company Into First Trading Day
Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, is set to trade Tuesday on the Nasdaq, adding billions of dollars to the former president’s wealth.
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Trump’s Multibillion-Dollar Social Media Company Will Start Trading on Tuesday
Trump Media & Technology Group completed a deal to merge with Digital World Acquisition Corp., a cash-rich shell company. The merger increases the former president’s net worth by roughly $3 billion.
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Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner
The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.
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Trump Media Merger Is Approved, Providing Fresh Source of Cash
The deal will pump money into Trump Media, which will allow Truth Social to keep operating. Mr. Trump’s personal stake in the company will be worth more than $3 billion on paper.
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Merger of Trump’s Social Media Firm Could Provide Him Needed Cash
The former president’s social media company is finally set to go public. Mr. Trump could borrow against the value of his stake in the company.
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Potential Obstacle to Trump Media’s Merger Appears to Have Been Cleared
Two early founders of Donald Trump’s social media company reached a temporary truce with the company on Saturday.
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Trump Media Sued by Co-Founders, Threatening to Delay Its Merger
Lawsuits could stall Trump Media’s long-delayed merger, which would provide the social media company with cash to fund Donald J. Trump’s Truth Social.