Trump stock tanks after announcing tens of millions new shares
Related Articles
-
Trump Media stock plummets after big streaming service announcement: analysis
Trump Media & Technology Group stock took another tumble this Tuesday after it was announced that the company would be launching a new streaming platform. The stock, which traders under ticker DJT, fell 14 percent after a press release went out announcing the streaming service would come to phones, tablets, and TV through the Truth Social app, Yahoo! Finance reported. "The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content...
-
Trump bumped from Bloomberg's list of billionaires as Truth Social stocks plummet
Former President Donald Trump has been bumped from Bloomberg's list of billionaires, according to new reports. Trump's name did not appear Tuesday on the financial news site's daily ranking of the world's 500 richest people, based on net worth analyses of the billionaires' profiles and the day's trading. USA Today, the first to spot Trump's absence, linked Trump's fall to the problematic public opening of the eponymous media company that parents Truth Social. "Tuesday has been the stock’s...
-
Trump’s stock tumbles again after Truth Social announces it’s getting into streaming
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business