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The Latest Breaking News from Devin Nunes

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

Top Execs At Trump Media Sell Over $16 Million In Company Stock After Election

CFO Phillip Juhan sold the majority of the company's stocks, while director Eric Swider and general counsel Scott Glabe each sold smaller amounts of the shares. Trump stated that he has no intention of selling his shares in Trump Media and called for an investigation into anyone making claims to…

International Business Times

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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Trump Media outsources jobs to Mexico despite threats to businesses doing so

Trump has warned of enormous tariffs for items imported into US, apparently to create more domestic jobs

The Guardian - US

Trump Media execs quit amid CEO claims

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

Salon

Trump Media CEO meeting sparks alarm

Ex-congressman traveled to North Macedonia as former President Trump vies to once again shape U.S. foreign policy

Salon

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

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Trump Media Stock Gains 30% Following Failed Assassination Attempt

Trump Media has gone through volatile trading throughout the election season. After Trump's conviction, stocks plummeted to almost 50%.

International Business Times

House speaker appoints two Trump loyalists to intelligence committee

Scott Perry and Ronny Jackson installed by Mike Johnson at direction of Trump, apparently without consulting chair

The Guardian - US

Parent Company Of Trump's Truth Social Posts $328 Mln Loss

TMTG, which recently went public, posted a net loss of $327.6 million from January to March, compared with $210,300 in net losses for the same period last year, according to a company statement.

Latin Times

Parent Company Of Trump's Truth Social Posts $328M Loss

Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday.

International Business Times

Trump Media asks GOP to look into short

CEO Devin Nunes asks his former GOP colleagues to look into "unlawful manipulation" from short sellers

Salon

Trump has dodged financial calamity – for the time being

Don’t hold your breath on Trump testifying in his own defense. It would likely be embarrassing, if not perjurious

The Guardian - US

Citadel fires back at Trump Media CEO

A spokesperson for Citadel calls Nunes a "proverbial loser"

Salon

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news in one place.

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Latin Times

Trump Media alerts Nasdaq of suspected market manipulation to drive down stock price

The company, which owns Truth Social, described what he believes to be "naked" short selling

The Guardian - US

Trump’s media company loses a third of value after initial surge in trading

Stock has become actively shorted as traders are betting on company’s fall, and the ex-president’s stake is now valued at $3bn

Reason

Interesting Speech or Debate Clause Issue in Devin Nunes' Libel Lawsuit Against NBC

From yesterday's opinion by Magistrate Judge Sarah Netburn (S.D.N.Y.) in Nunes v. NBCUniversal Media, LLC: The discovery issues before the Court may present questions of first impression. Because the parties did not adequately address these matters, the Court requests additional briefing. Specifically, the Court seeks supplemental briefing on who is…

Reason

Trump Media Libel Lawsuit Against Washington Post Dismissed, but Might Be Refiled With More Detailed "Actual Malice" Allegations

From today's opinion in Trump Media & Technology Group Corp. v. WP Co. LLC, decided by Judge Tom Barber (M.D. Fla.): This lawsuit for defamation by Plaintiff Trump Media & Technology Group Corp. ("TMTG") against Defendant WP Company LLC (the "Post") arises from an article titled "Trust linked to porn-friendly…

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The Independent UK

House poised to censure Rep. Adam Schiff over Trump-Russia investigations

Democratic Rep. Adam Schiff of California is facing censure from the U.S. House

Crikey

‘Good morning #Australia’: Trump’s social network Truth Social comes Down Under

The social media platform’s CEO welcomed Australians by truthing — the website’s verb for posting — in response to an Australian QAnon believer.

Salon

Rumble: A haven for QAnon supporters

In many ways, the platform is serving as a "bridge to extremism," a media watchdog says

The Independent UK

Judge says Nunes not defamed by story about Iowa dairy farm

A federal judge says former U.S. Rep. Devin Nunes was not defamed by articles published by Esquire magazine about his family’s Iowa dairy farm

Reason

Ryan Lizza Prevails in District Court Against Devin Nunes (and Nunes' Family Members) in Nunes v. Lizza

The 101-page decision is at Nunes v. Lizza. The bottom line: [D]efendants' motion for summary judgment … is granted as to NuStar plaintiffs' claim of defamation (Count I), granted as to NuStar plaintiffs' claim of defamation by implication (Count II), and granted as to Nunes' claim of defamation by implication…

Reason

Devin Nunes Sues for Libel Over "Investigators Examined Trump Media for Possible Money Laundering" Article

This is Nunes' latest libel lawsuit, just filed yesterday in Florida state court; I'm too slammed to write about it in detail, but I thought I'd pass along the Complaint (Nunes v. Guardian News & Media Ltd.). Here's the start of the Statement of Material Facts: 11. On March 15,…

The Guardian - US

Federal investigators examined Trump Media for possible money laundering, sources say

New York prosecutors expanded criminal inquiry of company last year and examined acceptance of $8m with suspected Russian ties

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