Keyword: djt
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MAGA Continues to November, Stronger Than Ever
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House Speaker Mike Johnson (R-La.) is expected to attend the Manhattan courthouse on Tuesday for former President Trump's ongoing New York criminal trial, the latest high-profile GOP lawmaker to flock to New York.
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MAGA Continues: Full Speed, to November!
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Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social. Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company. That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels. Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.” At current prices, those new shares are valued at approximately...
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MONEYWATCH Donald Trump is about to become $1.2 billion richer. Here's why. moneywatch By Aimee Picchi Edited By Alain Sherter Updated on: April 23, 2024 / 4:20 PM EDT / CBS News Donald Trump is about to see his fortune grow by $1.2 billion. The former U.S. president is set to receive a so-called earnout bonus of 36 million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing. For Trump to get the additional shares, which are...
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"Such an inquiry is needed to protect shareholders, including TMTG’s retail investors," Nunes says. Devin Nunes, CEO of the Trump Media & Technology Group, is asking House committee leaders to investigate the potential "unlawful manipulation of DJT stock." In a letter to the committees, Nunes pointed out that DJT [the initials for Donald J. Trump] has appeared every day since April 2 on Nasdaq’s "Reg SHO threshold list," which he said is "indicative of unlawful trading activity." The concern follows Trump Media & Technology Group, whose flagship product is social networking site Truth Social, began being traded late last month...
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Trump Media CEO Devin Nunes in his letter to [Nasdaq CEO] Friedman did not directly accuse anyone in particular of naked short selling, which is the [short] sale of stock without first having borrowed [the stock] for that purpose...But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."..."This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes said.
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After giving up the entirety of their post-merger gains, Trump Media and Technology Group (NASDAQ: DJT) shares are currently in the limelight for their elevated short interest. Yet, in a somewhat unusual move, the company is now advising concerned investors on how to prevent their shares from being loaned out for short positions. Trump Media and Technology Group shares have now experienced two distinct mass liquidation waves in their post-merger phase. The first such wave materialized when the company disclosed that its Truth Social platform raked in a paltry $4.131 million in revenue in the entire of 2023, incurring a...
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Shares of Trump Media and Technology Group Corp. bounced Tuesday, after the social-media platform Truth Social laid out its plan to launch a new live TV streaming network. The stock DJT, -18.35% gained 1.5% in premarket trading, after sinking 18.4% on Monday after disclosing a share offering, to close at a three-month. It had plummeted 59.8% since it closed a postmerger high of $66.22 on March 27. On Tuesday, the Trump Media said it has completed the research and development phase for the launching of its content-delivery network (CDN). “With our streaming content, we aim to provide a permanent home...
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Shares of Trump Media plunged more than 17% in the pre-trading hours after the company filed to issue millions of additional shares of stock. ... Shares of Trump Media plunged more than 11% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company. Trump Media, which created the Truth Social app and trades under the stock ticker DJT on the Nasdaq, fell nearly...
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Do not wait. These storm clouds are not going to dissipate. ...[D]estructive issues: Insider infighting over stockholdings Competing insider shareholder lawsuits First insiders now wanting to sell Feeble responses by Trump Media CEO Nunes in interview by Fox Business News Still-open new million-share spigot from the convertible securities and contracts that are converting Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.) ... Beat the coming sellers to the exit. This stock remains significantly overpriced, with a...
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Trump Media & Technology Group Corp. stock (DJT) fell sharply Friday. Donald Trump has said he’ll prioritize the company’s Truth Social site despite doubts over its future as a social-media platform. Trump Media shares were down 9.7% at $41.68 in trading Friday. The stock closed down 5.5% at $46.15 on Thursday. One doubt about the company has been whether Trump will continue to promote the Truth Social platform. While an agreement between him and the company requires him to make any of his personal social-media posts on Truth Social first and wait six hours before posting to Meta Platforms' Facebook,...
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MAGA Continues: Full Speed, to November!
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Donald Trump's social media platform Truth Social (DJT) surged more than 50% in its first day of trading on the Nasdaq Tuesday morning. Shares of Trump Media & Technology Group, Truth Social's parent company, were trading above $75 under the ticker symbol "DJT," Trump's initials, just after the market open. The company merged with special purpose vehicle Digital World Acquisition Corp. (DWAC) in a deal approved by shareholders last week. Prior to the merger, DWAC had been on the public market since 2021. Trump founded Truth Social after he was kicked off major social media apps like Facebook and Twitter,...
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The merger of Truth Social’s parent company and the special purpose company set up to acquire it was completed Monday. Shares of the combined company, which will be named Trump Media & Technology Group (TMTG), are expected to begin trading on the Nasdaq stock exchange under the ticker symbol DJT. TMTG, as a publicly traded company, will continue to be led by Chief Executive Officer, Devin G. Nunes, and its existing management team. Shares of DWAC, the special acquisition vehicle, soared on Monday. At around noon, they were up by more than 20 percent.
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Former President Donald Trump’s social media platform Truth Social is preparing to go public at a current valuation of $6 billion. Trump himself would own about 60% of Truth Social were it to go public, which would ultimately net him a possible $3.5 billion.
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March is MAGA Month! Trump Wins Nevada and Virgin Islands GOP Caucuses Trump Wins Michigan Primary
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President Trump Continues to Triumph in the Primaries
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Rep. Gaetz to speak in Keene this weekend on Trump's behalf 3 points from Marianne Williamson's pitch Thursday to local voters Nikki Haley to visit Keene on Saturday 3 key points from Dean Phillips' campaign stop in Peterborough
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TRUMP SWEEPS IOWA! WINS 98 of 99 COUNTIES!
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