Tag #Trump Media

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nbcnews.com

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Jul 22, 07:14

Trump Media's $2 Billion Bitcoin Holding Raises Concerns

Trump Media and Technology Group announced Monday it holds roughly $2 billion in bitcoin and related assets, a move President Trump says is to make the U.S. the world's crypto capital and insulate the company from financial institutions, while critics cite concerns of potential conflicts of interest...

Trump Media's $2 Billion Bitcoin Holding Raises Concerns

Trump Media and Technology Group announced Monday it holds roughly $2 billion in bitcoin and related assets, a move President Trump says is to make the U.S. the world's crypto capital and insulate the company from financial institutions, while critics cite concerns of potential conflicts of interest...

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How has President Trump's policy decisions and actions influenced the growth of TMG's crypto assets and what are the potential conflicts of interest?

TMG's strategic pivot towards cryptocurrencies reflects President Trump's broader initiative to establish the U.S. as a global crypto leader. This includes executive orders, appointments, and legislative actions such as signing the GENIUS Act. This strategy also aims to insulate the company from traditional financial institutions.

forbes.com

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May 10, 19:10

Trump Media Discloses Material Weakness in Financial Reporting

Trump Media & Technology Group, parent company of Truth Social, disclosed material weaknesses in its financial reporting, raising investor concerns after CEO Devin Nunes's prior certification of accurate reporting; the company reported a $401 million net loss on $3.6 million in revenue for 2024.

Trump Media Discloses Material Weakness in Financial Reporting

Trump Media & Technology Group, parent company of Truth Social, disclosed material weaknesses in its financial reporting, raising investor concerns after CEO Devin Nunes's prior certification of accurate reporting; the company reported a $401 million net loss on $3.6 million in revenue for 2024.

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What broader factors contribute to TMTG's financial reporting problems, and what are their consequences?

TMTG's financial reporting issues highlight broader concerns about its operational stability and financial transparency. The revelation follows the SEC's May 2024 charges of "massive fraud" against TMTG's former auditor, BF Borgers, further impacting investor confidence. The company's significant net loss against minimal revenue also points to underlying business challenges.

forbes.com

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Apr 1, 01:18

Newsmax Stock Surges Over 700% on NYSE Debut

Newsmax Media's stock debuted on the New York Stock Exchange on Monday, surging over 700% and reaching a market cap of over \$7.3 billion, prompting multiple trading halts; the company raised \$75 million via IPO and an additional \$225 million through a private offering.

Newsmax Stock Surges Over 700% on NYSE Debut

Newsmax Media's stock debuted on the New York Stock Exchange on Monday, surging over 700% and reaching a market cap of over \$7.3 billion, prompting multiple trading halts; the company raised \$75 million via IPO and an additional \$225 million through a private offering.

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What were the immediate market impacts of Newsmax's initial public offering on the New York Stock Exchange?

Newsmax Media's stock debuted on the NYSE on Monday, experiencing a dramatic surge of over 700% and reaching a market cap exceeding \$7.3 billion. This led to multiple trading halts throughout the day. The company raised \$75 million through its initial public offering, selling 7.5 million shares at \$10 each.

nbcnews.com

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Feb 19, 19:15

Trump Media, Rumble Sue Brazilian Justice Over Censorship

Trump Media and Rumble sued Brazilian Supreme Court Justice Alexandre de Moraes in a Tampa, Florida federal court on Wednesday, alleging illegal censorship attempts against a Rumble user. The suit highlights concerns about free speech and the impact on Truth Social's operations, given its reliance o...

Trump Media, Rumble Sue Brazilian Justice Over Censorship

Trump Media and Rumble sued Brazilian Supreme Court Justice Alexandre de Moraes in a Tampa, Florida federal court on Wednesday, alleging illegal censorship attempts against a Rumble user. The suit highlights concerns about free speech and the impact on Truth Social's operations, given its reliance o...

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Peace, Justice, and Strong Institutions

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What are the immediate implications of Trump Media and Rumble's lawsuit against Justice de Moraes for Truth Social and the broader social media landscape?

Trump Media and Rumble sued Brazilian Supreme Court Justice Alexandre de Moraes for allegedly attempting to censor a Rumble user, impacting Truth Social's operations as it relies on Rumble's infrastructure. The suit highlights concerns about censorship and free speech, citing a previous conflict between Moraes and Elon Musk.

us.cnn.com

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Feb 1, 04:07

Trump Media Awards Directors Shares Amid Conflict-of-Interest Concerns

Trump Media & Technology Group awarded $825,000 in shares to six directors, including Trump administration nominees Kash Patel and Linda McMahon, raising conflict-of-interest concerns given President Trump's indirect control and the company's expansion into financial services and cryptocurrencies.

Trump Media Awards Directors Shares Amid Conflict-of-Interest Concerns

Trump Media & Technology Group awarded $825,000 in shares to six directors, including Trump administration nominees Kash Patel and Linda McMahon, raising conflict-of-interest concerns given President Trump's indirect control and the company's expansion into financial services and cryptocurrencies.

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How does the timing of the share grant disclosure, coinciding with a Senate confirmation hearing for a recipient, affect the perception of potential conflicts of interest?

The share grants to Trump Media's board, including key Trump administration nominees, occurred as the company announced plans to enter financial services and potentially invest in cryptocurrencies. This expansion, coupled with the share grants, fuels existing concerns about potential conflicts of interest. The timing of the disclosure, coinciding with Patel's contentious Senate confirmation hearing, heightens scrutiny.

cnn.com

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Jan 29, 19:11

Trump Media Expands into Fintech, Raising Conflict-of-Interest Concerns

Trump Media & Technology Group announced plans to expand into financial services, including potential Bitcoin investment, causing an 8% share price increase and raising conflict-of-interest concerns due to President Trump's regulatory role.

Trump Media Expands into Fintech, Raising Conflict-of-Interest Concerns

Trump Media & Technology Group announced plans to expand into financial services, including potential Bitcoin investment, causing an 8% share price increase and raising conflict-of-interest concerns due to President Trump's regulatory role.

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How do Trump Media's actions relate to concerns about conflicts of interest, and what are the potential consequences?

This expansion into fintech, including potential cryptocurrency investments, is a significant development for Trump Media, especially considering the involvement of former Congressman Devin Nunes as CEO. The partnership with Charles Schwab further highlights the company's ambition within the financial sector. This move, however, raises considerable conflict-of-interest concerns.

cbsnews.com

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May 15, 07:13

Bondi Sells Trump Media Stock on "Liberation Day" Tariff Announcement

Florida Attorney General Pam Bondi sold $1 million to $5.5 million worth of Trump Media shares on April 2nd, the same day President Trump announced wide-ranging tariffs, prompting scrutiny over potential conflicts of interest; Trump Media reported a $400.9 million loss in 2024.

Bondi Sells Trump Media Stock on "Liberation Day" Tariff Announcement

Florida Attorney General Pam Bondi sold $1 million to $5.5 million worth of Trump Media shares on April 2nd, the same day President Trump announced wide-ranging tariffs, prompting scrutiny over potential conflicts of interest; Trump Media reported a $400.9 million loss in 2024.

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How do Trump Media's significant financial losses in 2024 and its revenue decline impact the context of Bondi's stock sale?

Bondi's sale raises concerns about the timing and potential influence of political actions on market fluctuations. Her previous financial disclosure indicated holdings worth over $3.9 million, suggesting a significant divestment. The substantial losses reported by Trump Media in 2024 further complicate the situation.

smh.com.au

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Apr 2, 22:16

Trump Trust Files to Sell Major Stake in Truth Social Parent Company

Donald Trump's trust, controlled by his son Donald Trump Jr., filed to sell up to 142.5 million shares of Trump Media & Technology Group, the parent company of Truth Social, representing a large portion of his $US2.1 billion stake, following the company's significant financial losses in 2024.

Trump Trust Files to Sell Major Stake in Truth Social Parent Company

Donald Trump's trust, controlled by his son Donald Trump Jr., filed to sell up to 142.5 million shares of Trump Media & Technology Group, the parent company of Truth Social, representing a large portion of his $US2.1 billion stake, following the company's significant financial losses in 2024.

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What is the immediate impact of the Trump trust's filing to sell shares in Trump Media & Technology Group?

Donald Trump's trust, managed by his son Donald Trump Jr., has filed to sell up to 142.5 million shares of Trump Media & Technology Group (TMTG), the parent company of Truth Social. This represents a significant portion of Trump's $US2.1 billion stake in the company, which is the largest asset in his $US4.7 billion fortune. The filing, while described as "routine," follows a period of stock volatility and comes after TMTG reported substantial financial losses in 2024.

us.cnn.com

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Feb 20, 04:09

Trump Media Sues Brazilian Justice Over Free Speech

Trump Media and Rumble are suing Brazilian Supreme Court Justice Alexandre de Moraes in Florida for allegedly violating the US First Amendment by ordering the removal of a US-based Brazilian commentator's Rumble account; the case highlights a clash between Brazilian court orders and US free speech r...

Trump Media Sues Brazilian Justice Over Free Speech

Trump Media and Rumble are suing Brazilian Supreme Court Justice Alexandre de Moraes in Florida for allegedly violating the US First Amendment by ordering the removal of a US-based Brazilian commentator's Rumble account; the case highlights a clash between Brazilian court orders and US free speech r...

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Peace, Justice, and Strong Institutions

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How does this case intersect with Brazilian internal politics and the ongoing legal challenges faced by former President Bolsonaro?

The case highlights the clash between Brazilian court orders and US First Amendment rights. Trump Media argues that Moraes' actions, impacting Rumble (which hosts Truth Social's infrastructure), infringe on US free speech protections. The lawsuit's success hinges on whether a US court can, and will, intervene in a Brazilian judicial matter.

forbes.com

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Feb 4, 16:11

Trump Media Launches Truth.Fi, Investing \$250 Million in Bitcoin and American Growth

Trump Media and Technology Group launched Truth.Fi, a \$250 million financial services brand investing in American growth, manufacturing, energy, and Bitcoin, with Charles Schwab as custodian and advisor; TMTG shares surged 8% after the announcement.

Trump Media Launches Truth.Fi, Investing \$250 Million in Bitcoin and American Growth

Trump Media and Technology Group launched Truth.Fi, a \$250 million financial services brand investing in American growth, manufacturing, energy, and Bitcoin, with Charles Schwab as custodian and advisor; TMTG shares surged 8% after the announcement.

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Decent Work and Economic Growth

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How does the partnership between Truth.Fi and Charles Schwab influence its market positioning and risk profile?

Truth.Fi's strategy leverages the partnership with Charles Schwab, enhancing credibility and potentially attracting investors. The investment in Bitcoin reflects a growing trend of institutional adoption of cryptocurrencies. The connection between Samantha Schwab's appointment at the Treasury Department and this initiative warrants further investigation for potential conflicts of interest.

forbes.com

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Jan 31, 04:09

TMTG Launches Truth.Fi Fintech Venture

Trump Media & Technology Group (TMTG) launched Truth.Fi, a fintech venture funded with $250 million, offering investment products and services, including SMAs, ETFs, and cryptocurrencies, managed by Yorkville Advisors, focusing on strengthening the "Patriot Economy.

TMTG Launches Truth.Fi Fintech Venture

Trump Media & Technology Group (TMTG) launched Truth.Fi, a fintech venture funded with $250 million, offering investment products and services, including SMAs, ETFs, and cryptocurrencies, managed by Yorkville Advisors, focusing on strengthening the "Patriot Economy.

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How does Yorkville Advisors' investment experience and portfolio influence Truth.Fi's risk profile and investment strategy?

Truth.Fi's launch connects TMTG's social media success with the broader trend of U.S. fintech development, aiming to cater to a specific conservative clientele. Yorkville Advisors, with extensive experience in de-SPAC transactions, will manage Truth.Fi's investments, focusing on American growth, manufacturing, and energy, aligning with a "Patriot Economy" vision. This strategy is risky, given Yorkville's history with bankrupt de-SPAC clients.

edition.cnn.com

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Jan 29, 22:11

Trump Media Expands into Fintech, Raising Conflict of Interest Concerns

Trump Media & Technology Group, owner of Truth Social, announced plans to expand into financial services, including Bitcoin and other cryptocurrencies, sparking an 8% stock price increase and raising conflict-of-interest concerns due to President Trump's regulatory power over these sectors.

Trump Media Expands into Fintech, Raising Conflict of Interest Concerns

Trump Media & Technology Group, owner of Truth Social, announced plans to expand into financial services, including Bitcoin and other cryptocurrencies, sparking an 8% stock price increase and raising conflict-of-interest concerns due to President Trump's regulatory power over these sectors.

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What are the immediate consequences of Trump Media's expansion into financial services and cryptocurrency investments?

Trump Media & Technology Group, owner of Truth Social, announced plans to expand into financial services, including potentially buying Bitcoin and other cryptocurrencies. This caused an 8% increase in the company's stock price. The company also plans to launch a fintech brand called Truth.Fi and investment vehicles focusing on American growth and manufacturing.

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