Donald Trump – The News Desk

Trump Media launching Truth Social streaming service, where it says creators “won’t be cancelled”

17Apr

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Money

Trump Media launching Truth Social streaming service, where it says creators “won’t be cancelled”

Trump Media & Technology Group on Tuesday announced plans to start a streaming TV platform to air news, film and other content the company claims other media outlets refuse to show.The announcement comes three weeks after Trump Media began trading on the Nasdaq stock market, briefly valuing the company at $10.8 billion. After reaching peaking at $79.38 per share on March 26, the stock — which trades under the ticker DJT, the initials of former President Donald Trump — has plunged by almost 70%.The slide continued on Tuesday, with Trump Media shares slipping $3.29, or 12.4%, to $23.32 in early afternoon trading. Its market value now stands at about $3.1 billion. Trump Media's primary asset is Truth Social, the social media service that Trump created ...

Trump Media plunges amid plan to issue more shares. It’s lost $7 billion in value since its peak.

16Apr

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Money

Trump Media plunges amid plan to issue more shares. It’s lost $7 billion in value since its peak.

After a short-lived honeymoon, former President Donald Trump's media company is experiencing a rough reception on Wall Street. Trump Media & Technology Group — which trades under the ticker DJT, his initials — tumbled 18.4% in Monday trading, a drop that follows last week's 21% plunge. The sharp drop in value comes after Trump Media, whose primary asset is Truth Social, the social media platform, on Monday filed a document with the U.S. Securities and Exchange Commission that opens the door for the future potential sale of millions of shares. The document, called an S-1, relates to warrants held by investors that can be transformed into shares of stock, as well as shares held by company insiders.The filing also includes all the shares held by the former president. Trump, however, rema...

Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles

16Apr

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Business

Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles

Donald Trump’s social media startup tumbled on Monday, extending a two-week slump, after the company took a first step toward allowing the former president and other insiders to capitalize on their stakes.Trump Media & Technology Group Corp, parent of Truth Social, filed to register shares, including those linked to warrants. The move could ultimately bring forward sales from insiders that are currently not permitted until September.The stock slumped 18% to $26.61, cutting its year-to-date gain to 52%, after touching the lowest level since before Trump’s rival Ron DeSantis quit the primary race in January.DeSantis’s exit sparked an 88% spike to extend a rally that began after Trump’s victory in the Iowa caucuses.The firm behind Truth Social has captivated individual investors who pile...

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social

15Apr

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Technology

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social

Trump Media & Technology Group, the Truth Social parent company majority-owned by former president Donald Trump, filed a document with the Securities and Exchange Commission this morning that helpfully details all of the ways Trump himself poses a threat to the company and its shareholders. While the company generated just over $4 million in revenue in 2023, Trump Media’s valuation has fluctuated wildly since going public in March, at one point reaching more than $7 billion. As of this morning, the company was valued at $3.7 billion. Trump Media has become a meme stock, where the stock price is governed more by vibes than traditional financial performance.The SEC document filed by Trump Media this morning, which announced the public stock offering of 21.5 million shares, also detailed...

Trump arrives at court for start of jury selection in hush money trial

15Apr

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Money

Trump arrives at court for start of jury selection in hush money trial

Donald Trump arrived Monday at a New York court for the start of jury selection in his hush money trial, marking a singular moment in U.S. history.It’s the first criminal trial of any former U.S. commander-in-chief and the first of Trump’s four indictments to go to trial. Because he is also the presumptive nominee for this year’s Republican ticket, the trial will produce the head-spinning split-screen of a presidential candidate spending his days in court and, he has said, “campaigning during the night.”There could be some legal arguments and housekeeping before jury selection begins. When it does, scores of people are due to be called into the courtroom to start the process of finding 12 jurors, plus six alternates.Judge Juan M. Merchan has written that the key is “whether the pros...

Donald Trump’s Hush Money Trial: Live Updates

15Apr

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Politics

Donald Trump’s Hush Money Trial: Live Updates

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.Can't afford to donate? Support HuffPost by creating a free account and lo...

Jamie Raskin Halts Trump Train With ‘Very Serious’ Reminder On Hush Money Trial

15Apr

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Politics

Jamie Raskin Halts Trump Train With ‘Very Serious’ Reminder On Hush Money Trial

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.Can't afford to donate? Support HuffPost by creating a free account and lo...

Trump Trial To Determine If He Illegally Cheated To Win In ’16

14Apr

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Politics

Trump Trial To Determine If He Illegally Cheated To Win In ’16

WASHINGTON ― Would Donald Trump ever have become president if he hadn’t paid off porn star Stormy Daniels to keep her quiet in the days before the 2016 election?The answer is impossible to know, but the premise of the question forms the basis of the very first criminal trial of a former president in American history: whether Trump’s scheme to keep Daniels’ claim of a 2006 affair with him under wraps was, in fact, a crime for which the coup-attempting former president should be punished.While “hush money case” has become the shorthand to describe the first of Trump’s four criminal cases to go to trial, particularly among Trump defenders who wish to diminish it, that is not how it will be described to prospective jurors Monday at the scheduled start of jury selection. Judge Juan Merchan’s f...

Cohen signals Trump won’t testify in hush money case: ‘Not going to happen’

14Apr

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Money

Cohen signals Trump won’t testify in hush money case: ‘Not going to happen’

Former President Trump’s ex-personal attorney, Michael Cohen, said that the former commander-in-chief will not testify in the hush money case, arguing it is “not going to happen.” Cohen, a former ally of Trump who turned into a vocal critic of the former president, shut down the idea that he would testify in the New York case, the trial for which is set to begin on Monday. “The likelihood of Donald Trump being on the stand is equal to the likelihood of me waking up tomorrow 7’6″ and playing center for the New York Knicks—it’s not gonna happen,” Cohen said during his Saturday appearance on MSNBC “The Weekend.” His Saturday remarks come after Trump said on Friday that he would “absolutely” testify in the case where he is facing 34 felonies. Cohen also added that Tr...

Trump holds his last rally before his hush money trial

14Apr

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Money

Trump holds his last rally before his hush money trial

SCHNECKSVILLE, Pa. (AP) — Former President Donald Trump on Saturday lit into New York prosecutors and the criminal hush money case they brought against him during his last rally before what he called a “communist show trial” begins Monday.“I will be forced to sit fully gagged. I’m not allowed to talk. They want to take away my constitutional right to talk,” said Trump, who has been barred from publicly discussing potential witnesses and jurors but not the judge or prosecutors. “I’m proud to do it for you,” Trump told a crowd in northeast Pennsylvania. “Have a good time watching.”Trump spoke as Israel was fighting off a retaliatory drone attack from Iran that threatened to tip into a regional war in the Middle East. After a short mention of the atta...