Tag: media

Trump tries to boost support for Truth Social as his media stock tanks

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[ad_1] Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company’s stock continues to sink lower. Trump in a post on that app said he believes Truth Social embodies the political “movement” behind his “Make America Great Again” presidential campaign slogan, adding that “it shows the Spirit and Love of our Country.” “If people who believe in putting America First and want to Make America Great Again, support TRUTH,” Trump wrote. “We will be your Voice like never before, and a…

Disney beat back activist investor Nelson Peltz. Now the real work begins

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[ad_1] Bob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho David A. Grogan | CNBC Disney shareholders overwhelmingly voted to keep the company’s current board intact during Wednesday’s annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor. Now, Iger will have to prove it, or he risks facing yet another activist campaign this time next year. Iger can show progress in a number of areas over the next…

Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

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Trump Media, the company behind the Truth Social app linked to former President Donald Trump, reports a significant net loss in 2023, leading to a sharp decline in share price. Despite high market capitalization, financial filings reveal ongoing operating losses and internal control weaknesses, raising concerns about the company’s future viability and unique risks associated with Trump’s involvement. [ad_1] This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani…

Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger vote

ichitra.digital

[ad_1] Zoom In IconArrows pointing outwards Chart for price of shares in Digital World Acquisition Corp. in days leading up to and including shareholder approval of merger with Donald Trump’s social media company. CNBC Donald Trump on Saturday told his many online followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great after a sharp drop in price the day before. The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14%…