Showing posts with label stock. Show all posts
Showing posts with label stock. Show all posts

Wednesday, June 26, 2024

Trump’s Truth Social stock is valued ‘absurdly out of the realm of normal,’ LinkedIn billionaire says | CNN Business

"Trump Media is probably more appropriately valued close to $40 million rather than several billion," Hoffman said. "Truth Social is burning through hundreds of millions of dollars with nothing to show for it in user engagement, user growth or even potential revenue."… 

Billionaire media mogul Barry Diller, who sits on the boards of Expedia, Coca-Cola and MGM Resorts International, told CNBC that Trump Media is a "scam" and people buying its shares are "dopes."…

Sunday, June 23, 2024

Trump Media shares are in free fall | CNN Business

The conservative social media company has lost roughly half its market value since May 30, the day former President Donald Trump was convicted of 34 felony counts in a hush money trial. Trump Media's volatile share price (DJT) tumbled another 5% on Friday , leaving it down by a staggering 50% in the span of just three weeks...

Wednesday, April 17, 2024

Trump’s stock tumbles again after Truth Social announces it’s getting into streaming | CNN Business

"With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services," said TMTG CEO Devin Nunes, a former Republican congressman for California in a statement. "There is a lot of great content that simply can't find an audience for unjust reasons, and we want to let these creators know they'll soon have a guaranteed platform where they won't be cancelled."…

Saturday, April 6, 2024

Trump Media stock drops 10% to a new low on its worst day yet

Trump Media disclosed in the SEC filing that it "lacks the financial resources it needs to sustain operations for a reasonable period of time," which it defined as one year from Monday, raising "substantial doubt" as to its ability to continue operations. The company said it expects to continue incurring operating losses and negative cash flow "for the foreseeable future."…

Wednesday, April 19, 2023

Jeff Merkley Leads New Bill to Ban 'Deeply Corrupt' Stock Trading in Congress

"Congressional stock trading is deeply corrupt," Merkley said in a statement. "We are elected to serve the public, not our portfolios. And no member should vote on bills biased by the character of their holdings."…



Wednesday, April 4, 2018

Trump's attacks on Amazon are a problem for your 401(k) - CNN Money

Amazon's shares have tumbled since Trump started attacking the company. That's not just a Wall Street problem or worry for Jeff Bezos. Amazon is one of the most widely held stocks out there — a staple of big index funds popular in 401(k) plans and with ETFs. ....
http://money.cnn.com/2018/04/03/investing/amazon-stock-widely-held/index.html

Saturday, March 3, 2018

Former Trump Adviser Dumped Millions in Steel Stocks Days Before the President Announced New Tariffs - Newsweek

Carl Icahn, the billionaire investor who advised the president on regulatory reform, sold millions in steel-related stocks days before President Donald Trump announced he would impose steep tariffs on foreign steel. ....
http://www.newsweek.com/carl-icahn-sold-millions-steel-stock-donald-trump-tariff-announcement-829029

Tuesday, February 6, 2018

Trump public health official bought and sold tobacco stocks on the job as CDC director -- Raw Story

A Trump administration official invested in a tobacco company while heading the federal agency tasked with reducing tobacco use. Brenda Fitzgerald invested tens of thousands of dollars in stock holdings in at least a dozen companies after becoming director of the Centers for Disease Control, according to public records, reported Politico. ....
https://www.rawstory.com/2018/01/trump-public-health-official-bought-sold-tobacco-stocks-job-cdc-director/

Thursday, December 21, 2017

Trump And The False Promise Of Returning Overseas Profits -- TPM: AP FACT CHECK

President Donald Trump speaks often of a pile of money sitting overseas that will come rushing back into the U.S. once his tax plan is in place. That's something of a mirage. Here's what he told reporters Saturday in the roar of Marine One waiting to take him to Camp David, Maryland: ....
http://talkingpointsmemo.com/news/ap-fact-check-trump-false-promise-returning-overseas-profits

Thursday, December 14, 2017








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