(Reuters) – Truth Social, the much-anticipated social media platform launched by former U.S. President Donald Trump, has reportedly suffered a staggering loss of $73 million since its introduction in early 2022, according to a recent securities filing by Digital World Acquisition Corp, the SPAC set to merge with the company. Back in October 2021, Trump …
Donald Trump’s media company has faced numerous challenges over the past two years. Despite its efforts to go public since October 2021, Trump Media and Technology Group (TMTG) and its right-wing Twitter clone, Truth Social, have encountered regulatory problems and procedural obstacles. How long can consumer spending prop up stocks? The $300 million merger between …
Investors have granted Digital World Acquisition Corp. (DWAC), the blank check company seeking to take Truth Social public, an additional year to finalize its merger with Trump Media & Technology Group (TMTG), former President Trump’s media startup. This extension comes just days before the original Sept. 8 merger deadline, as reported by Axios. It is …
A company on the verge of merging with Truth Social’s parent company is facing a critical deadline in the coming week to finalize the deal. Back in October 2021, Digital World Acquisition Corp. (DWAC) and Trump Media and Technology Group (TMTG), the parent company of Truth Social, announced their plans to merge. DWAC, a “blank …
Former U.S. President Donald Trump made a significant return to social media platform X, formerly known as Twitter, by sharing his mugshot in the Georgia election interference case. This move raises speculation about whether X will play a crucial role in Trump’s future election campaigns, considering his massive following of over 86 million users on …
The development of a social media app is underway by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Shares of Digital World Acquisition Corp. (DWAC) — the shell company aiming to make former President Donald Trump’s social media platform public — surged over 50% on Friday. This followed the company’s …
Explore the latest developments from notable companies during midday trading. Meta Platforms — Shares of the social media behemoth increased by over 2%, defying the European Court’s recent antitrust ruling against Meta. Despite this setback, Meta is poised to launch a new application called Threads this week, which will directly compete with Twitter. C3.AI — …
Former President Donald Trump, who was banned from Facebook and Twitter last year, has announced his plan to create a new social media platform. However, three Florida men have been charged with insider trading of a shell company’s stock before it revealed its merger plans with Trump’s social media firm. These men, Michael Shvartsman, Gerald …