"Trouble Ahead: Trump Media's Stock and Truth Social's Trading Frenzy"
TL;DR
Donald Trump's media company, which owns Truth Social, has faced a significant drop in stock price following its merger with Digital World Acquisition Corp. Michael Cohen, Trump's former lawyer, warned of "serious trouble" for the company, citing its lack of profitability and reliance on emergency loans, including those from a Russian-American businessman under investigation for insider trading and money laundering. TMTG denies any wrongdoing and is pursuing legal action against The Guardian for its reporting.
Topics:businessbusinesspolitics#businesspolitics#donald-trump#michael-cohen#stock-market#tmtg#truth-social
- Donald Trump's Truth Social Shows 'Signs of Serious Trouble'—Michael Cohen Newsweek
- Trump Media stock sinks to post-merger low CNN
- Truth Social Trading Frenzy Shouldn't Concern The SEC Forbes
- Donald Trump's Big Mouth Could Cost Him Even More on Truth Social The New Republic
- $DJT: Trump Media's Price Is About Donald Trump, Not TMTG Bloomberg
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