Truth Social

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Truth Social Roller Coaster Sees Another Stock Plunge

Company's shares are at lowest since trading debut, though the volatility is hard to read

(Newser) - Last month, Donald Trump's net worth got a brief boost , thanks to the merger of Truth Social parent company Trump Media and Technology Group with Digital World Acquisition Corp. This month, it's a different story, with NPR reporting that Truth Social shares are "slumping." Most recently,...

Trump Sues Truth Social Co-Founders

Suit claims that former 'Apprentice' contestants 'failed spectacularly at every turn'

(Newser) - Donald Trump wants to cut the two former Apprentice contestants who co-founded Truth Social out of their shares in the company—but it's not as simple as saying, "You're fired." Trump has filed a lawsuit in Florida against Andy Litinsky and Wes Moss, saying they bungled...

Trump Media Drops After $58M Loss Disclosed

Accountants say losses raise 'substantial doubt about its ability to continue as a going concern'

(Newser) - Trump Media and Technology Group shares dropped sharply Monday after the company behind Truth Social disclosed that it had lost more than $58 million last year. The company announced a net loss of $58.2 million for 2023, with $4.1 million in revenue, CNBC reports. That's up from...

Trump Causes a Ruckus With Biden Clip

Video reportedly shot on Long Island featured graphic on back of truck showing a hog-tied Biden

(Newser) - Donald Trump headed to Long Island on Thursday to attend the wake of NYPD officer Jonathan Diller, who was shot Monday in Queens during a traffic stop. But it was a video of a pickup truck that he apparently spotted during his travels and shared online that's earning him...

Trump Now Among 500 Richest
Trump's Net Worth Doubles
Mar 26, 2024 6:04 AM CDT

Trump's Net Worth Doubles

He's now among 500 richest people, per Bloomberg

(Newser) - There was good and bad but overall, Monday was a great day for Donald Trump and, as Bloomberg reports, "the single-greatest day on record for the former president's wealth." In merging his social media company Trump Media and Technology Group with Digital World Acquisition Corp., Trump took...

Truth Social Starts Trading Tuesday
Truth Social
Starts Trading Tuesday
Mar 26, 2024 3:00 AM CDT

Truth Social Starts Trading Tuesday

Social network will start trading on Nasdaq with a market value of almost $6.8B

(Newser) - Trump Media & Technology Group, whose flagship product is the former president's social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday, the AP reports. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with Trump's...

Trump's Payment Deadline Arrives
Trump's
Payment
Deadline
Arrives
Mar 25, 2024 6:48 AM CDT

Trump's Payment Deadline Arrives

If he fails to secure huge bond Monday, New York attorney general could start seizing assets

(Newser) - Monday is a potentially big day in the legal travails of former President Trump. If he doesn't put up a bond of nearly $500 million, New York Attorney General Letitia James could start seizing his assets .
  • Time's up: James gave Trump a 30-day grace period to pay up
...

Trump's Possible 11th-Hour Cash Cow: Truth Social

Social media company is set to go public, but there are restrictions on what the former president can do

(Newser) - Donald Trump has been struggling to come up with the cash to take care of his massive legal bills as he faces down four criminal indictments, a $454 million civil fraud judgment (bond on that is due by Monday ), and escalating costs owed to E. Jean Carroll , and he'...

Report: Trump Tried to Get Musk to Buy 2nd Social Media Site

'WaPo' reports on the evolving relationship between the billionaires

(Newser) - The presumptive Republican nominee for president and the world's second-richest man have a cozier relationship than previously known, according to a Washington Post report, which describes numerous conversations in which Donald Trump and Elon Musk discussed politics, business, and the potential sale of Truth Social. According to the Post,...

Court Reimposes Gag Order in Trump's NY Fraud Trial

He's banned from disparaging court staff again

(Newser) - Donald Trump has been consistently disparaging court personnel in his New York civil fraud case, including law clerk Allison Greenfield, since a gag order was lifted two weeks ago—but it's now back in place. A New York appeals court has reinstated the order imposed by Judge Arthur Engoron...

Trump's Truth Social Is Losing Money Fast
Trump's Truth Social
Has Lost Millions
UPDATED
Nov 14, 2023 8:55 AM CST

Trump's Truth Social Has Lost Millions

Platform down more than $30M since launch

(Newser) - This summary has been updated with corrected figures. Former President Trump's social media platform Truth Social has posted a loss of $31.6 million since its launch in early 2022, reports Reuters . (An earlier report with a figure of $71.3 million cited by multiple media outlets was incorrect....

Biden Campaign Joins Truth Social
Biden Campaign
Joins Truth Social
Oct 16, 2023 7:25 PM CDT

Biden Campaign Joins Truth Social

Campaign says it joined Trump network 'mostly because we thought it would be very funny'

(Newser) - President Biden's campaign ventured into very unfriendly territory Monday, launching an account on Donald Trump's Truth Social network. "Well. Let's see how this goes. Converts welcome!" the account wrote in its first post, using the handle @BidenHQ . The account, with a "Dark Brandon" profile...

$1B Headed Back to Investors in Trump's Struggling Truth Social Deal

But Trump Media paints the move as 'in the best interest of ... completing our merger'

(Newser) - The publicly listed shell company that raised $1 billion to merge with former President Trump's media company won't end up with any of it. Investors have canceled $467 million in funding, Digital World Acquisition Corp. said in a Thursday regulatory filing. DWAC CEO Eric Swider said in a...

Trump Mocks Romney After Decision Not to Run Again

GOP nemesis 'did not serve with distinction,' Truth Social post says

(Newser) - Donald Trump celebrated the upcoming departure of Sen. Mitt Romney from Congress, calling the fellow GOP politician's retirement announcement "fantastic news for America, the great state of Utah, and for the Republican Party." Trump endorsed Romney's 2012 presidential candidacy and 2018 run for Senate, but the...

Trump's Social Media Post Spurs Swift DOJ Response

Judge sets Monday deadline for defense's answer to special counsel's request for protective order on evidence

(Newser) - This story has been updated with the judge's deadline. When Donald Trump was arraigned on Thursday on felony charges that he tried to overturn results of the 2020 election, he was told he wouldn't be detained. The presiding judge warned the former president, however, that it was a...

Trump Tells Murdoch to Stick to Fraud Story

Fox Corp. chairman also urged to 'just tell the truth' if he testifies in lawsuit

(Newser) - If the Dominion Voting Machines-Fox News defamation case reaches a jury trial, media mogul Rupert Murdoch might have to take the stand. On Monday, former President Donald Trump— fresh off being deposed himself in a civil lawsuit—offered unsolicited advice on how to testify, the Hill reports, telling Murdoch to...

Report: Feds Probing 2 Payments Made to Trump Media

Insiders say two loans totaling $8M have dubious source

(Newser) - Federal prosecutors are taking a close look at two payments totaling $8 million made to Trump Media, owner of Donald Trump's Truth Social platform, sources tell the Guardian . The insiders say prosecutors who were already looking at the company ahead of a planned merger with "blank check" firm...

Twitter Disallows Links to Instagram, Other Rivals
Twitter (Briefly) Disallows
Promotion of Rivals
UPDATED
Dec 18, 2022 5:15 PM CST

Twitter (Briefly) Disallows Promotion of Rivals

New policy is deleted, replaced with a poll asking users their opinion on it

(Newser) - Once again, a new Twitter policy has been swiftly rescinded. On Sunday, the platform said it would no longer let users promote accounts on rival platforms. But after what CNN describes as an "immense backlash," Twitter removed the blog post and tweet thread announcing the new policy. Instead,...

Trump Suggests Suspending the Constitution

He doubles down on election fraud claims as White House fires back at suggestion

(Newser) - When he announced his reelection campaign, Donald Trump eased up on allegations of a stolen election in his speech. The former president ramped things back up in a big way this weekend, with a series of Truth Social posts calling for the suspension of the Constitution.
  • Trump: “A Massive
...

Google Says Truth Social Is Still Barred From Play Store
Google Approves
Truth Social for Play Store
UPDATED
Oct 12, 2022 6:20 PM CDT

Google Approves Truth Social for Play Store

Move was delayed for months over content moderation concerns

(Newser) - Update: More than six months after the launch, Google has approved Donald Trump's Truth Social platform for its Play Store. The move will make it much easier for Android users, who make up almost half of US smartphone users, to download the app. Google says apps in the Play...

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