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The Latest Breaking News from TMTG

Insider Trading Alert: Brothers Confess To Illicit Profits In Trump Media's Public Debut

Michael and Gerald Shvartsman admit to insider trading, casting shadows over Trump Media's public listing and sparking legal turmoil.

International Business Times

Trump sues ex-Apprentice contestants over ‘failings’ in setting up Truth Social

Former president seeks to block Wesley Moss and Andrew Litinsky from receiving Trump Media stock worth over $400m

The Guardian - US

Trump's Truth Social lost $58 million in 2023

There is a huge disconnect between the company's financial fundamentals and its stock price.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

NASDAQ Awaits TMTG: Truth Social's Launch Marks Milestone For Trump's Media Venture

Trump Media & Technology Group Corp. (TMTG), is on the brink of entering the NASDAQ market,following a merger with Digital World Acquisition Corp. (DWAC).

International Business Times

Trump Endorses Truth Social Amid DWAC Stock Plunge: A Tale of Social Media Merger Drama

Former President Trump's media venture, Truth Social, faces financial losses amid legal battles, set to debut on NASDAQ soon

International Business Times UK

Truth Social's IPO: A Triumph Or A Trial For Trump's Financial Future?

Trump's stake in Truth Social may offer significant paper wealth, but legal and financial constraints could delay his ability to cash in.

International Business Times

Trump's Truth Social Wall Street Debut: What To Expect

Trump's Truth Social network faces uncertainties on Wall Street debut with potential billion-dollar value but ongoing losses.

Top News

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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…

Reason

Trump’s Truth Social sues 20 media outlets over financial loss reports

Trump Media & Technology Group suffered a net loss of $31.6m between the organisation’s founding in February 2021 and 30 June 2023, SEC filing states

The Independent UK

Jimmy Kimmel delivers droll response to Trump’s demand for apology over Truth Social segment

Jimmy Kimmel has fired back at Donald Trump’s media company after they demanded an apology for the talk show host’s recent segment on Truth Social.

The Independent UK

Truth Social’s Parent Company Reports A $73 Million Losss

Former President Donald Trump's legal troubles could potential hurt his profits on his company and platform.

Zenger

Donald Trump’s Truth Social platform lost $31m since launch to mid-2023, filing shows

Donald Trump’s social media platform Truth Social has lost $31.6 million from its launch in early 2022 to mid-2023, a new securities filing has revealed.

Evening Standard

Truth Social posts $23M loss: report

Trump's social media platform is struggling, SEC filing shows

Salon

Trump’s Truth Social platform has lost $73m since launch, filing shows

Platform posted loss of $50m in 2022, with net sales of just $1.4m, and lost $23m in first half of this year, with net sales of $2.3m

The Guardian - US

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The Independent UK

Trump’s Truth Social warns company may be forced to shut down amid huge losses

Filing reveals Truth Social’s parent company lost over $22m in first half of 2023

The Independent UK

SEC announces settlement with merger partner of Trump’s Truth Social app

The SEC had already announced a $18m settlement

Axios

Trump plots Twitter return

He has a financial incentive to keep the rage flowing on Truth Social, but the election is calling.

StockNews.com

Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

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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 Independent UK

Federal prosecutors probed Trump social media company for $8m money laundering, report says

Multiple federal regulators have probed social media firm

Benzinga

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Asharq Al-Awsat

Google Allows Donald Trump's Truth Social in Play Store

Google on Wednesday said it has allowed Donald Trump's Truth Social app in its Play Store for Android devices -- after receiving assurances the app would meet the platform's standards for moderating harmful content. The app -- which Trump launched after being barred from Twitter over the 2021 Capitol riot…

Dynamite News

Technology: Google Allows Donald Trump's App Truth Social On Play Store

Former President Donald Trump's social media app Truth Social is now available for download on the Google Play Store, as per The Verge. Read more on Dynamite News:

Benzinga

Trump-Linked SPAC's Investors Clamor For Better Deal As Time Runs Out: What It Means For DWAC And Truth Social

Digital World Acquisition Corporation (NASDAQ: DWAC), the SPAC that is set to merge with Donald Trump's company that owns the Truth Social platform, is reportedly facing pressure from investors amid its failure to complete the deal.

Salon

Trump Truth Social deal on life support

The blank-check SPAC deal set to infuse over $1 billion into Truth Social may be dead after shareholder vote

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