Truth Social Soars Nearly 50% , in First Day on Nasdaq.
The former president's social media company began trading on the Nasdaq on March 26, AP reports.
.
Digital World Acquisition Corp.
Acquired Trump Media & Technology Group Corp., which runs Truth Social, on March 25.
Trump Media has taken the place
of Digital World on the Nasdaq.
.
On March 25, Trump said, "Truth Social is doing
very well.
It's hot as a pistol and doing great.".
Trump Media's market value was roughly
$6.8 billion prior to trading, AP reports.
.
Shares were up 47% at $73.50
just before 10 a.m.
ET.
Truth Social's ticker symbol is "DJT.".
Trump launched Truth Social in 2022 after being banned from Twitter and Facebook.
.
The social media platform had approximately 5 million users in February, according to research firm Similarweb.
Investors could be in for
a bumpy ride, AP reports.
In a regulatory filing, Trump Media said that it āis highly dependent on the popularity and presence of President Trump.ā.
If Trump were to distance himself from the
company, perhaps for reasons such as campaigning
for presidency, Trump Media āwould be
significantly disadvantaged,ā the filing states.
.
Similarly āan adverse outcome in
one or moreā of the cases in which the
former president is embroiled could harm
the success of Trump Media and Truth Social.
Trumpās Social Media Company , Sues Co-Founders.
Trump Media & Technology Group filed a
lawsuit against co-founders Wesley Moss and Andrew Litinsky on March 24, ABC News reports.
The suit came two days before shareholders approved a merger that allowed the
company to begin trading on the Nasdaq.
The lawsuit alleges that the two men
"failed spectacularly" to lead the company and made "reckless and wasteful decisions"
that resulted in "significant damage.".
Trump Media wants the co-founders to give up
their shares of the company, among other things. .
TMTG has been forced to file this action
to remedy the harm inflicted upon it by two
faithless fiduciaries and a company they own --
Wesley Moss, Andrew Litinsky, and
[United Atlantic Ventures] -- and to halt their
ongoing attempts to do even more damage, Via lawsuit.
Moss and Litinsky's company,
United Atlantic Ventures, owns 5.5%
of Trump Media, according to the SEC.
That amounts to 7,525,000 shares
which are worth about $388 million.
Donald Trump's stake in the company
is currently valued at over $4 billion.
Since going public last week,
the stock has been very volatile. .
At one time, shares peaked over $79.
On April 1, they plunged by 21%.
Shares recovered slightly on April 2
Credit: Wibbitz Top Stories Duration: 01:30Published
Donald Trump Says States , Should Decide Abortion Legislation.
On April 8, the former president set
the record straight about where he
stands on abortion rights, CNN reports. .
My view is now that we have abortion
where everyone wanted it from a legal
standpoint, the states will determine by
vote or legislation, or perhaps both. , Donald Trump, via Truth Social video.
And whatever they decide must
be the law of the land. In this
case, the law of the state, Donald Trump, via Truth Social video.
Many states will be different. Many will
have a different number of weeks, or
some will have more conservative than
others, and thatās what they will be. , Donald Trump, via Truth Social video.
At the end of the day, this is all
about the will of the people, Donald Trump, via Truth Social video.
Trump also said he was "proudly the
person responsible" for Roe v. Wade
being overturned in 2022.
He went on to say that the decision removed the issue from "federal hands and brought it into the hearts, minds and vote of the people in each state.".
Susan B. Anthony Pro-Life America President Marjorie Dannenfelser said that her organization was "deeply disappointed"
by what Trump had to say, CNN reports. .
Saying the issue is āback to the statesā
cedes the national debate to the Democrats
who are working relentlessly to enact
legislation mandating abortion throughout
all nine months of pregnancy. , Marjorie Dannenfelser, Susan B. Anthony Pro-Life
America president, via statement.
If successful, they will wipe
out statesā rights. , Marjorie Dannenfelser, Susan B. Anthony Pro-Life
America president, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Former US President Donald Trump faced criticism after sharing a video on his social media platform, Truth Social, depicting the current president and his opponent in the upcoming election, Joe Biden, Tied up in the back of a pickup truck. Trump claimed that the video was captured on Friday (Mar 28), following his attendance at the funeral of New York Police Department (NYPD) officer Jonathan Diller, who tragically lost his life in a traffic stop shooting.
#DonaldTrump #JoeBiden #VideoControversy #TruthSocial #PoliticalCriticism #SocialMediaOutrage #PresidentialPolitics #Election2024 #ImageControversy #BidenTiedUp
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Former President Donald Trump pledges to prioritize the release of Capitol rioters if reelected, branding them "hostages." The pledge, made on his Truth Social platform, emphasizes his ongoing influence in American politics. Trump faces legal challenges, including federal and Georgia indictments, yet remains a dominant force in the Republican Party. His bold promises signal his intent in the evolving political landscape.
#FormerPresident #DonaldTrump #Trump #TruthSocial #CapitolRiot #Trump2024 #BidenvsTrump #USelections #electionnews #Worldnews #Oneindia #Oneindianews
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Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Fabric and Craft Retailer Joann , Files for Bankruptcy.
The 81-year-old company made the announcement on March 18, CNN reports. .
The retailer has also secured $132 million
in new funding to cut its debt in half.
Joann's 850 stores and website
will remain operational. .
This agreement is a significant
step forward in addressing
Joannās capital structure needs, , Scott Sekella, Joann's chief financial officer, via statement .
... and it will provide us with the
financial resources and flexibility
necessary to continue to deliver
best-in-class product assortments... , Scott Sekella, Joann's chief financial officer, via statement .
... and enhance the customer
experience wherever they
are shopping with us, Scott Sekella, Joann's chief financial officer, via statement .
The Nasdaq has delisted Joann's stock. .
The company will become privately owned after the bankruptcy process.
The bankruptcy of Joann has been
looming for a long time and was always
a matter of when, rather than if, Neil Saunders, managing director and
retail analyst for GlobalData, via note.
The bankruptcy process will now
allow the arts and crafts chain
to receive an infusion of cash at
the same time as streamlining its
operations and reducing debt levels, Neil Saunders, managing director and
retail analyst for GlobalData, via note
Credit: Wibbitz Top Stories Duration: 01:30Published
Bill Maher's taking aim at America's top cop, Attorney General Merrick Garland ... questioning why Democrats even gave him the job, and calling him out for.. TMZ.com
Join us as we delve into Donald Trump's candid conversation with the Milwaukee Journal Sentinel regarding his plans if he loses the 2024 White House race to Biden. Trump's remarks on election integrity and potential outcomes shed light on his post-election strategy. Stay tuned for insights and analysis on this critical issue.
#USNews #USPresidentialElection #UnitedStates #AmericanElection #DonaldTrump #JoeBiden #BidenvsTrump #TrumpSpeech #Oneindia
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Labour closes in on a London mayoral victory for Sadiq Khan on Saturday. With just five of 14 constituencies declared, Londonās Labour incumbent Mr Khan was leading with over 427,000 votes, with Ms Hall just over 234,000. The total turnout in the election is 2,495,621, with fewer than half of the results yet to be declared. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Science Minister Andrew Griffith says that people voting for Reform UK is partly to blame for disappointing local election results for the Conservative party. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ed Davey has said the Liberal Democrats are doing "better than expected" in the local elections and that voters are switching to his party because they "have had enough of being taken for granted and being let down". The party's leader spoke from Winchester, a seat he thinks the Lib Dems could take at the next general election. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Labour leader hailed the win by his partyās candidate David Skaith in the York and North Yorkshire mayoral election, an area he described as āthe heart of Tory territoryā. Appearing at Northallerton Town Football Club with new mayor Mr Skaith, Sir Keir said: āItās an amazing moment in history, to have a Labour victory here.''
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In todayās Live Edition of The Trish Regan Show, Iām all over the money! Donald Trump just earned himself another cool billion + as shares of his newly traded company Truth Social skyrocketed in..
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