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here's aaron katersky. >> reporter: tonight, stock in donald trump's media company tanking after trump's social media platform, truth social, reported losing $58 million last year. the company was valued at nearly $10 billion when it went public last week as trump supporters have rushed to scoop up shares. >> the stock has gone through the roof. and -- and really this is, i think in the true sense, this is really a great sign of where the people in this country are standing. >> reporter: trump's own majority stake then worth close to $6 billion. >> truth social is hot as a pistol pistol, it's doing great. >> reporter: but today, that rude awakening. the revelation of last year's losses sent the stock plunging more than 20%. and the value of trump's own stake losing more than a billion dollars. and tonight, there's a real question whether truth social can even survive, david. an auditor is quoted in a regulatory filing, saying the $58 million operating loss raises substantial loss that
here's aaron katersky. >> reporter: tonight, stock in donald trump's media company tanking after trump's social media platform, truth social, reported losing $58 million last year. the company was valued at nearly $10 billion when it went public last week as trump supporters have rushed to scoop up shares. >> the stock has gone through the roof. and -- and really this is, i think in the true sense, this is really a great sign of where the people in this country are standing....
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Apr 5, 2024
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of a dispute over ownership of his social media company — the trump media & technology group — whichek. the deposition is scheduled for april 15, which is also the start of trump's first criminal trial. for the latest, here's the bbc�*s north america business correspondent michelle fleury in new york. trump's media company may never be profitable but its shares are valued at billions of dollars, and that has involved fighting over who gets a piece of it. in february, the co—founders of former president donald trump's media company filed a lawsuit in delaware, claiming that mr trump and other leaders had scheme to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. as part of that case, mr trump will be deposed by lawyers for andy litinski and wes moss, two former contestants on donald trump's reality tv show, the apprentice. the date, well, it coincides with the start of the former president's first criminal trial in new york, however depositions often get rescheduled. this week, trump media filed its own lawsuit against these two c
of a dispute over ownership of his social media company — the trump media & technology group — whichek. the deposition is scheduled for april 15, which is also the start of trump's first criminal trial. for the latest, here's the bbc�*s north america business correspondent michelle fleury in new york. trump's media company may never be profitable but its shares are valued at billions of dollars, and that has involved fighting over who gets a piece of it. in february, the co—founders...
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Apr 4, 2024
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when we come back. >>> the trump media bailout. turns out the company that was rescued, his company truth social was rescued by guess who? a russian american who happened to be under control under criminal investigation. and ruby red alaska may not be a battleground state, but he could shake up the presidential map in his favor. he might not be thinking about nebraska but we'll tell you why he may need to. he may need to. (man) mm, hey, honey. looks like my to-do list grew. "paint the bathroom, give baxter a bath, get life insurance," hm. i have a few minutes. i can do that now. oh, that fast? remember that colonial penn ad? i called and i got information. they sent the simple form i need to apply. all i do is fill it out and send it back. well, that sounds too easy! (man) give a little information, check a few boxes, sign my name, done. they don't ask about your health? (man) no health questions. -physical exam? -don't need one. it's colonial penn guaranteed acceptance whole life insurance. if you're between the ages of 50 and 85,
when we come back. >>> the trump media bailout. turns out the company that was rescued, his company truth social was rescued by guess who? a russian american who happened to be under control under criminal investigation. and ruby red alaska may not be a battleground state, but he could shake up the presidential map in his favor. he might not be thinking about nebraska but we'll tell you why he may need to. he may need to. (man) mm, hey, honey. looks like my to-do list grew. "paint...
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Apr 7, 2024
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maria: trump media ceo, deafen e moon yes, sir.gly talking about religion and triggered a media backlash. not since the founders haven't done
maria: trump media ceo, deafen e moon yes, sir.gly talking about religion and triggered a media backlash. not since the founders haven't done
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Apr 5, 2024
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company, the trump media and technology group, which went public last week.ion is scheduled for april 15, also the start of trump is my first criminal trial. ., , h trump is my first criminal trial. ., , �*, ., trump is my first criminal trial. ., , trial. trompe's media company may never— trial. trompe's media company may never be _ trial. trompe's media company may never be profitable - trial. trompe's media company may never be profitable but. trial. trompe's media company may never be profitable but its| may never be profitable but its shares are valued at billions of dollars, and that has involved fighting over who gets a piece of it. in february the co—founders of former president donald trump's media company filed a lawsuit in delaware claiming that mr trump and other leaders had scheme to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. as part of that case, mrtrump of dollars. as part of that case, mr trump will be deposed by lawyers for andy lipinski and wes maas, two former contestants on donal
company, the trump media and technology group, which went public last week.ion is scheduled for april 15, also the start of trump is my first criminal trial. ., , h trump is my first criminal trial. ., , �*, ., trump is my first criminal trial. ., , trial. trompe's media company may never— trial. trompe's media company may never be _ trial. trompe's media company may never be profitable - trial. trompe's media company may never be profitable but. trial. trompe's media company may never be...
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president trump's media company has had a volatile two weeks.ruth social platform, lost $4 billion in market value after gaining $6 billion in value during its debut on the nasdaq two weeks ago. for 2023 trump media posted a loss of $58 million on revenue of $4.1 million in a regulatory filing. the company also disclosed that its auditor the had raised concerns about its ability to continue operating before its recent merger with and ipo. joining me right now is the head of trump media and technology group, he is the ceo, devin nuÑes. devin, it's great to have you this morning, thanks very much for being here. >> always a pleasure, maria. maria: i was looking at the filing to the securities and exchange commission and the loss. when would you expect this company to turn profitable in. >> well, look, it's important to remember, maria, that those numbers are based on what was the longest ipo in history. so we were overregulated. so if you actually look at the cost that we've built truth social is, our beachhead against big tech, an impenetrable be
president trump's media company has had a volatile two weeks.ruth social platform, lost $4 billion in market value after gaining $6 billion in value during its debut on the nasdaq two weeks ago. for 2023 trump media posted a loss of $58 million on revenue of $4.1 million in a regulatory filing. the company also disclosed that its auditor the had raised concerns about its ability to continue operating before its recent merger with and ipo. joining me right now is the head of trump media and...
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Apr 4, 2024
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or even a trump media-like company. when he was running maxum bank, you could see some of these wire transfer documents i have seen and i think the guardians have seen as well that showed the $2 million that come from the esfamily trust. for a while we didn't know the connection between esfamily trust and paxum bank which was facilitating this loan out of nowhere except the one name on the trust was a paxum employee. now we know from this further reporting that he was very involved, and it appears that he could access the account right around that time. and so it just raises questions of why this person who, you know, he lives in miami beach, owns very nice real estate in one of the priciest zip codes in america, why he was getting involved in this business deal out of nowhere. >> why would a wealthy businessman with ties to russia want to do business with donald trump? i'm going to let that hang there. the two brothers who pleaded guilty today can you talk about who they are and how they fit into the broader picture of
or even a trump media-like company. when he was running maxum bank, you could see some of these wire transfer documents i have seen and i think the guardians have seen as well that showed the $2 million that come from the esfamily trust. for a while we didn't know the connection between esfamily trust and paxum bank which was facilitating this loan out of nowhere except the one name on the trust was a paxum employee. now we know from this further reporting that he was very involved, and it...
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Apr 4, 2024
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this week after a regulatory filing showing that trumps media, trump media's mounting losses and an independentt expressing substantial doubt about trump media's ability to continue as a going concern. from stock fell again to where it currently sits at about $48 a share, that's a 39% loss from the opening high on march 26th. the cost to trump? in eight days trump has lost about $3 billion from his trump media stock, $3 billion of value disappeared, went in a week. it's almost like the value wasn't really there. donald trump still has about $3.7 billion on paper but likely has to wait six months before he can sell any of his 50%, 57% stake in the company. that means he would be able to cash out in october, which would be the final stretch of the presidential campaign, which would be awfully convenient. also convenient is that the merger that has provided trump with this hail mary infusion of value can courtesy of a republican billionaire, who masqueraded as a never trumper until donald trump changed his position on tiktok, which is an actually valuable asset that he personally has $21 billion i
this week after a regulatory filing showing that trumps media, trump media's mounting losses and an independentt expressing substantial doubt about trump media's ability to continue as a going concern. from stock fell again to where it currently sits at about $48 a share, that's a 39% loss from the opening high on march 26th. the cost to trump? in eight days trump has lost about $3 billion from his trump media stock, $3 billion of value disappeared, went in a week. it's almost like the value...
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Apr 4, 2024
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then, new reporting on how trump social media company was saved by a russian american under criminal investigation. plus, the iowa lsu game shatters a record for the most watched women's basketball game. we'll talk all about the ladies of march madness as the 11th hour gets underway on this wednesday night. good evening once again, i'm stephanie ruhle, we are now 216 days away from the election. jack smith has had it with judge aileen cannon and the way she's handled donald trump's classified documents case. >> he also pointed out that it has been nearly six weeks since trump moved to have the case thrown out based on that defense. he wants the judge to get on with it and make a ruling asap. smith has signaled he will appeal if he loses, and of course, trump would likely do the same if he loses. also tonight, there is news in the hush money case, judge merchan has denied trump's attempt to delay that trial until the supreme court rules on the presidential immunity case. jury selection in that case will begin right around the corner, april 15th. that is 12 days away. mark your calenda
then, new reporting on how trump social media company was saved by a russian american under criminal investigation. plus, the iowa lsu game shatters a record for the most watched women's basketball game. we'll talk all about the ladies of march madness as the 11th hour gets underway on this wednesday night. good evening once again, i'm stephanie ruhle, we are now 216 days away from the election. jack smith has had it with judge aileen cannon and the way she's handled donald trump's classified...
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Apr 16, 2024
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shares in trump media — donald trump's company which runs the social media platform truth social — havees as mr trump arrived at a manhattan court on the first day of a landmark criminal trial against him. the bbc�*s michelle fleury has more from new york. the company behind the truth social platform has told financial regulators that it plans to issue another 21.5 million new shares linked to warrants. these are contracts that give investors the right to buy or sell a stock at a specific price within a certain time frame. but the sale can also devalue a stock if there isn't enough demand to absorb the increase in available shares, which appears to be what happened today. trump media is also looking for approval to potentially resell up to 146 million shares held by current investors, including the former president, who's the majority shareholder. the move paves the way for them to be able to cash in sooner. currently, these insiders are barred from any share sale until september, once the securities and exchange commission signs off on this filing, insiders, including mrtrump, can seek
shares in trump media — donald trump's company which runs the social media platform truth social — havees as mr trump arrived at a manhattan court on the first day of a landmark criminal trial against him. the bbc�*s michelle fleury has more from new york. the company behind the truth social platform has told financial regulators that it plans to issue another 21.5 million new shares linked to warrants. these are contracts that give investors the right to buy or sell a stock at a specific...
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Apr 2, 2024
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shares of donald trump's social media company, trump media, plunged more than 20% on monday.rop wiped out the gains from its debut last week. it comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. our correspondent erin delmore is in new york. what does it say about the trump media business model? truth social is the social media company donald trump started about a year after he was banned from twitter and facebook following the 6th of january capitol building riots. that has become his main avenue for talking to his followers, his social media and political followers, a place to share thoughts, criticisms etc. as you can imagine, it's really attractive to those people who want to know what donald trump is thinking and feeling, so it has achieved something of what we have called mean stocks status. if that is familiar, we have seen it with a mcem game stock, and they ride on investor enthusiasm, especially when it comes to small investors, and it can command share prices
shares of donald trump's social media company, trump media, plunged more than 20% on monday.rop wiped out the gains from its debut last week. it comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. our correspondent erin delmore is in new york. what does it say about the trump media business model? truth social is the social media company donald trump started about a year after he was banned...
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Apr 1, 2024
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look at shares of trump media and technology group. a loss of around 57 million u.s. dollars. the stock down accordingly around 15%. this is the de-spac listing
look at shares of trump media and technology group. a loss of around 57 million u.s. dollars. the stock down accordingly around 15%. this is the de-spac listing
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Apr 17, 2024
04/24
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. >>> trump and trump media, streaming media platform, showing content that other media outlets refused to air, it will first be unveiled on trump social media app truth social, eventually people at home will have the option to stream the news from the tv, it becomes -- comes a month after it began trading, just hours after the streaming announcement, the price of trump media stocks dropped 14%, there is currently no timeline for the rollout of the streaming service.>>> nasa confirms that space debris that had a home last month came from the international space station, part of a pallet dropped in 2021 along with 5800 pounds of aging batteries, it was all expected to disintegrate while reentering the earth's atmosphere but instead the small piece made it through, crashing into a home in naples, florida, about the size of a smart phone. nasa is investigating how the debris survived and did not disintegrate. >> wild. >>> focusing on e future,th >>> prince william is set to return to official real duties this week. >> the first time since his wife, princess kate announced that she was rece
. >>> trump and trump media, streaming media platform, showing content that other media outlets refused to air, it will first be unveiled on trump social media app truth social, eventually people at home will have the option to stream the news from the tv, it becomes -- comes a month after it began trading, just hours after the streaming announcement, the price of trump media stocks dropped 14%, there is currently no timeline for the rollout of the streaming service.>>> nasa...
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Apr 3, 2024
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now, wall street continues to value trump media in the billions of dollars. again, even though it remains pretty tiny. >> yeah, as far as the social media play just how tiny well, look when you stack truth social up against facebook. and x, the company formerly known as twitter and even read it. it looks very tiny. look at this, just a small fraction of the user count. >> trump truth, >> social even has a way fewer users. these are monthly active users than three so that's just amazing and it also just kinda calls into question here why wall street is valuing it so richly, but look less than two hours away from trading, starting the stock price in premarket trading is down 3%. stay tuned this wild ride continuous, yeah, and how long will be valued at what has been guide? we will see, we will, it's good to see you, matt. thank you. thanks. pretty much. >> there is new >> video this morning after scary, whether his hit throughout the country, throughout the united states, the debris and damage from a tornado touchdown in kentucky and more watches and warnings a
now, wall street continues to value trump media in the billions of dollars. again, even though it remains pretty tiny. >> yeah, as far as the social media play just how tiny well, look when you stack truth social up against facebook. and x, the company formerly known as twitter and even read it. it looks very tiny. look at this, just a small fraction of the user count. >> trump truth, >> social even has a way fewer users. these are monthly active users than three so that's...
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Apr 2, 2024
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in trump media, the owner of truth social. you can see it just went flat on that. >> yeah. >> the reason why it fell so sharply yesterday though, they posted 2023 results, they were not pretty the company lost 58 million last year on very little revenue, 4.1 million dollars in revenue. that is so tiny because this is a company that started the week valued at $11 >> the results >> were actually very much in line with another digital media company that flamed out earlier this year, the messenger, i'm not saying that truth social is gonna go the way of the messenger, but it does show why some experts are warning this is a meme stock and it's ridiculously over, over we're value and quickly you were explaining to me so i can understand it if i can understand it, anyone can there was an accounting warning having to do with true social, >> there was so in the sec filings yesterday, there was a warning from accountants that i do think spooked some investors, fueled some of the losses. the accountant said that the losses for trump medi
in trump media, the owner of truth social. you can see it just went flat on that. >> yeah. >> the reason why it fell so sharply yesterday though, they posted 2023 results, they were not pretty the company lost 58 million last year on very little revenue, 4.1 million dollars in revenue. that is so tiny because this is a company that started the week valued at $11 >> the results >> were actually very much in line with another digital media company that flamed out earlier...
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Apr 3, 2024
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caroline: let's talk about a previous president donald trump who is suing two cofounders of trump media and technology saying they said if the company improperly issued not get any stock in it. this comes amid wild swings in shares of the recently public company. they went there a spac.
caroline: let's talk about a previous president donald trump who is suing two cofounders of trump media and technology saying they said if the company improperly issued not get any stock in it. this comes amid wild swings in shares of the recently public company. they went there a spac.
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Apr 4, 2024
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. >>> former president donald trump, suing the cofounders of trump media and technology group. that is the parent company of its truth social platform. the lawsuit was filed last week in florida. a claims the cofounders made a series of mistakes that delayed the company from going public. it also called on a judge to strip them of their shares of the company. trumps lawsuit comes a month after the same cofounders filed a lawsuit against mr. trump claiming trump is trying to dilute the value of the shares in the company, of their share. mr. trump and the cofounders
. >>> former president donald trump, suing the cofounders of trump media and technology group. that is the parent company of its truth social platform. the lawsuit was filed last week in florida. a claims the cofounders made a series of mistakes that delayed the company from going public. it also called on a judge to strip them of their shares of the company. trumps lawsuit comes a month after the same cofounders filed a lawsuit against mr. trump claiming trump is trying to dilute the...
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Apr 5, 2024
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of the new trump media company, or roughly $78 million a share.t is on paper at this hour worth $4.6 billion. >> the higher the stock goes, the higher that donald trump's net worth is. at yesterday's close, trump's net worth, according to bloomberg, a little over $7 billion. it went up by $4 billion on monday alone. >> seth: that's right. trump's net worth went up by $4 billion in one day. here's actual footage of me waking up to that news. >> he can't keep getting away with this! [ laughter ] >> seth: now, to be clear, that's only on paper. those are unrealized gains. donald trump can't spend or borrow against any of that money yet. although you know donald trump doesn't see it that way. when trump heard that his net worth increased by $4 billion, he immediately ran out, bought a ferrari, a scrooge mcduck money pool, and a beautiful new head of hair. the only -- the only way trump would admit the money wasn't real is if rudy asked trump to pay his outstanding legal bills. "i made 4 bil this week, baby." "that's great, boss. now can you finally pa
of the new trump media company, or roughly $78 million a share.t is on paper at this hour worth $4.6 billion. >> the higher the stock goes, the higher that donald trump's net worth is. at yesterday's close, trump's net worth, according to bloomberg, a little over $7 billion. it went up by $4 billion on monday alone. >> seth: that's right. trump's net worth went up by $4 billion in one day. here's actual footage of me waking up to that news. >> he can't keep getting away with...
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there is a trump media and technology plunging worries of other former president trump media company the company is saying this. whether it can take business efforts public debut because of all the losses. charlie gasparino working, he's got more next ♪ cus ♪ w many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ . . you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wireless that works for you. for a limited time, ask how to save up to $830 off an eligible 5g phone when you switch to comcast business mobile. don't wait! call, click or visit an xfinity store today. ♪. liz: shares of trump media are getting pummeled at this hour after the social media platform released financial metrics that have investors fleeing for the hills. charlie
there is a trump media and technology plunging worries of other former president trump media company the company is saying this. whether it can take business efforts public debut because of all the losses. charlie gasparino working, he's got more next ♪ cus ♪ w many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ . . you're probably not easily persuaded to switch mobile providers for your business. but what if we told you...
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Apr 6, 2024
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the price of a share of trump media has plummeted. is making many companies multibillion-dollar evaluation. generally more as nbc news garrett heyd. >> a day before his truth social media company stock will go public, former president trump was pumping it up. >> truth social is doing very well as hot as a pistol and doing great. >> as a majority shareholder and trump media technology, trump can make billions of dollars on the stock, depending on the price in six months when he would be legally allowed to sell it. critics say the stock price is wildly overinflated. trump using truth social to defendant writing, " radical left democrats are trying to convince people that truth is not such a big deal i think truth is amazing. " business analyst commenced. >> the way it is being valued in the stock market makes no sense as. investment. >> truth social is dwarfed by other social media platforms. is because 142 million monthly active users. x, formerly known as twitter, 75 million truth social 494,000 . according to digital intelligence com
the price of a share of trump media has plummeted. is making many companies multibillion-dollar evaluation. generally more as nbc news garrett heyd. >> a day before his truth social media company stock will go public, former president trump was pumping it up. >> truth social is doing very well as hot as a pistol and doing great. >> as a majority shareholder and trump media technology, trump can make billions of dollars on the stock, depending on the price in six months when he...
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Apr 4, 2024
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it is not the typical kind of company that would work with trump or even the trump media like companyhe was running paxam bank, you could see some of the wire transfer documents that i have seen and i think the guardian has seen as well that show the $2 million coming from the trust. so for a while we didn't know what the connection was with the family trust that had very few fingerprints to trace back to and with paxum bank. except that the one name on the trust was a and employee. now we know that he was very involved and it appears that he could access the account right around that time. and so, it just raises questions of why this person who lives in miami beach. owns very nice real estate. why he was getting involved in this business deal out of nowhere. >> why would a wealthy businessman want to be involved with donald trump, with ties to russia? the two brothers who pleaded guilty, michael and gerald, can you talk about who they are and how they sort of fit into the broader picture of questionable financial dealings? >> yeah. so, michael and gerald schwartzman owns a furniture
it is not the typical kind of company that would work with trump or even the trump media like companyhe was running paxam bank, you could see some of the wire transfer documents that i have seen and i think the guardian has seen as well that show the $2 million coming from the trust. so for a while we didn't know what the connection was with the family trust that had very few fingerprints to trace back to and with paxum bank. except that the one name on the trust was a and employee. now we know...
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Apr 3, 2024
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trump's cronies at the special acquisition group that was going to take trump media public, they lookg or we'll go insolvent. around that time siem, $8 million and two tranches magically appears in trump media's accounts. and when you trace it all back it goes back to this russian-american guy who has friends with nonother than michael schwartzman who was indicted on money laundering charges last month in an indictment and today changed his not guilty plea to guilty. >> wow. and another interesting piece, devin nunes runs truth social. they're threatening and being litigious. he did sue a cow, not a real cow, a cow on twitter. a bit litigious. it sounds to me what they're upset about is that you're associating donald trump once again with russia. he is russian-american. does he have connections to vladimir putin? >> he is the nephew of a guy called alexander smirnoff. >> the director of fsu, this maritime shipping company. we were discussing if you don't like the reporting about russia, why does trump associate himself with people who have so many connections to russia. es family trus
trump's cronies at the special acquisition group that was going to take trump media public, they lookg or we'll go insolvent. around that time siem, $8 million and two tranches magically appears in trump media's accounts. and when you trace it all back it goes back to this russian-american guy who has friends with nonother than michael schwartzman who was indicted on money laundering charges last month in an indictment and today changed his not guilty plea to guilty. >> wow. and another...
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Apr 4, 2024
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media and technology group had soared on the de it went public, initially propelling trump's net worth to more than $7 he owns more than half the stock analysts say the problem is that the valuation of trump media and technology group is more than 1,000 times higher than its annual revenue. >> both the advertising revenue and the number of some paying subscribers are basically flat, which really difficult to come up with a $6 billion valuation for a tiny money losing company that's not growing. >> i mean, it's just not a business, it's a billboard of some sort, i guess a billboard for him, but it's a very expensive one >> then there are the legal entanglements, trump media and technology group filed a lawsuit against two of the companies co-founders, demanding that they hand over their shares in the company andy litinsky and wes moss had been failed contestants on trump's nbc show, the apprentice, when they botched several challenges, including a redesign of the pepsi bottle, who came up with the overall concept of the can i said, we did that conversation andy, you're fired. >> west. w
media and technology group had soared on the de it went public, initially propelling trump's net worth to more than $7 he owns more than half the stock analysts say the problem is that the valuation of trump media and technology group is more than 1,000 times higher than its annual revenue. >> both the advertising revenue and the number of some paying subscribers are basically flat, which really difficult to come up with a $6 billion valuation for a tiny money losing company that's not...
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Apr 18, 2024
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media stock, the corporate owner of truth social rebounded by almost 16% wednesday, but trump media is whe it started trading lasom month's cnn's matt egan is with us. i know that they said they were going to start this streaming service, but that didn't help it. what's the difference? what happened? >> well, sir, this stock is so volatile, it's incredible and it's really because it's being valued in the billions of dollars despite the fact that a generated less than $1 in revenue at the end of last year. it's amazing. look at this doctor. so yes, it bounced yesterday, but you almost can't see you need a microscope. microscopes to see that rebound because it's down dramatically, it peaked at $66 a share all the way down to $26. >> now, that means that some people, i mean, there are real people out there who bought this stock at the peak. they have now lost two thirds, almost two thirds of their investment if they bought at the top, why is it down? well, first off the spike never really made sense. secondly, the streaming announcement did not go over. well, we know a lot of establish
media stock, the corporate owner of truth social rebounded by almost 16% wednesday, but trump media is whe it started trading lasom month's cnn's matt egan is with us. i know that they said they were going to start this streaming service, but that didn't help it. what's the difference? what happened? >> well, sir, this stock is so volatile, it's incredible and it's really because it's being valued in the billions of dollars despite the fact that a generated less than $1 in revenue at the...
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Apr 4, 2024
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it is almost as if the evaluation of trump media wasn't quite well. that's next. tech: at safelite, we'll take care of fixing your windshield. but did you know we can take care of your insurance claim? that means less stress for you. >> woman: thanks. >> tech: my pleasure. have a good one. >> woman: you too. >> tech: schedule today at safelite.com. >> singers: ♪ safelite repair, safelite replace. ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away. hi. my name is kim and i am 41 years old. i've been given the opportunity to work from home, so that means lots of video calls. i see myself more and i definitely see those deeper lines. i'm still kim and i got botox® cosmetic. i wanted to keep the expressions that i would normally have, you know, you're on camera and the only person they can look at is you. i was really happy with the results. i look like me just with fewer lines. botox® cosmetic is fda approved t
it is almost as if the evaluation of trump media wasn't quite well. that's next. tech: at safelite, we'll take care of fixing your windshield. but did you know we can take care of your insurance claim? that means less stress for you. >> woman: thanks. >> tech: my pleasure. have a good one. >> woman: you too. >> tech: schedule today at safelite.com. >> singers: ♪ safelite repair, safelite replace. ♪ choose advil liqui-gels for faster, stronger and longer-lasting...
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Apr 2, 2024
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trump media completed the spac last week.ou can see shares are down 4% right now. >>> and xiaomi is surging after the first day of trading after the launch of the first electric vehicle. the speed ultra 7 costs $30,000 for the base model. xiaomi received 38,000 pre-order, but expecting to lose money this year in sales. >>> turning to the big news story from yesterday. at&t is still dealing with the fallout over the data breach over the weekend. the company revealing personal information from 72 million current and former customers. names and pass codes and social security numbers posted on the dark web last month. shares of united health down since the cyber attack in february which disrupted pharmacies and medical claims around the u.s. organizations are spending more on cybersecurity, but hackers are a step ahead. the identity center resource center said it rose 80% last year to a record high. let's get to hugh thompson who is committee share of the i.t. security professionals in the u.s. hugh, good morning. >> good morning
trump media completed the spac last week.ou can see shares are down 4% right now. >>> and xiaomi is surging after the first day of trading after the launch of the first electric vehicle. the speed ultra 7 costs $30,000 for the base model. xiaomi received 38,000 pre-order, but expecting to lose money this year in sales. >>> turning to the big news story from yesterday. at&t is still dealing with the fallout over the data breach over the weekend. the company revealing...
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Apr 2, 2024
04/24
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trump's media stock is down 18% right there. you can see it. dropping throughout the morning. this comes after the company that owns truth social posted financial numbers this morning. >> truth social owner trump media lost $58 million last year, and it generated very, very little revenue. just $4.1 million in revenue. truth social is struggling. i mean it is shrinking. monthly active u.s. users on ios and android down 51% year-over-year. i think all of this just underscores why there's a lot of warnings out there about this stock. >> seth: what a shock that the stock price of a company with no profits or success of any kind is falling. the way things are going, trump's going to have to start selling a deluxe bible with a dictionary attached. [ laughter ] "we love the disciples, john, matthew, merriam and webster." maybe trump will finally learn how a successful business works. he's in for a real education, or if the stock hits zero, it will be more of an -- >> egg-ucation. [ laughter ] >> seth: this has been "a closer look." [ cheers and appla
trump's media stock is down 18% right there. you can see it. dropping throughout the morning. this comes after the company that owns truth social posted financial numbers this morning. >> truth social owner trump media lost $58 million last year, and it generated very, very little revenue. just $4.1 million in revenue. truth social is struggling. i mean it is shrinking. monthly active u.s. users on ios and android down 51% year-over-year. i think all of this just underscores why there's a...
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Apr 2, 2024
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the trump media side had been having different conversations, this is through different filings about public. holding a vote and trying to find the ability to get the, this vote passed to the degree of getting it public and bringing it to the nasdaq and it finally did. they've been working on this for so long. i just don't sense there was any way they could stop this and i don't think they wanted to stop it from going public. i think there was a need to get this trump media thing on the nasdaq an to really see where it could go and trade and right now, it's so volatile we don't know how this is going to end up for the stock and the shareholders in just a matter of weeks. >> donald trump has lost at least a billion dollars in value so far. there was talk about him potentially using this money or trying to get out of the rules to post this money for bond or try to post it for, to get bond. what do we know about how closely donald trump's own money is tied into the stock? >> well, he can't cash out his millions of shares for at least another six months. that's from a lockout agreement. h
the trump media side had been having different conversations, this is through different filings about public. holding a vote and trying to find the ability to get the, this vote passed to the degree of getting it public and bringing it to the nasdaq and it finally did. they've been working on this for so long. i just don't sense there was any way they could stop this and i don't think they wanted to stop it from going public. i think there was a need to get this trump media thing on the nasdaq...
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trump targeted merchant's daughter on social media for her work with a group involved in democraticitics, trump has pleaded not guilty in this case and denies having sex with daniels. trump also making headlines this morning on wall street, where stock in his media company dropped more than 20% yesterday after it was revealed that his social network, truth social, lost $58 million last year, trump media was valued at nearly $10 billion when it went public last week. >> truth social is doing very well. it's hot as a pistol and doing great. >> but now an audit of the company says that $58 million lost last year raises substantial doubt that trump media can be a viable company. and back to trump's criminal case involving the so-called hush money payment. sources say that trump's former spokesperson , hope hicks, is expected to testify at the trial, which is set to begin later this month. >> rhiannon. all right. and thank you for that. a legal setback for president biden's son, hunter, a federal judge has refused to dismiss hunter biden's tax case, so that sets the stage for a trial in
trump targeted merchant's daughter on social media for her work with a group involved in democraticitics, trump has pleaded not guilty in this case and denies having sex with daniels. trump also making headlines this morning on wall street, where stock in his media company dropped more than 20% yesterday after it was revealed that his social network, truth social, lost $58 million last year, trump media was valued at nearly $10 billion when it went public last week. >> truth social is...
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Apr 13, 2024
04/24
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the new trump media company, or roughly $78 million a share.is on paper at this hour worth $4.6 billion. >> the higher the stock goes, the higher that donald trump's net worth is. at yesterday's close trump's net worth according to bloomberg a little over $7 billion. it went up by $4 billion on monday alone. >> seth: that's right. trump doubled his net worth in one day after his otherwise worthless social media company went public. this brings us to a segment called "seth tries to laugh about a thing that is clearly making him crazy." ♪ [ laughter ] i mean, i don't -- [ laughter ] i don't underst -- so he doubles his net worth out of nowhere -- ha! [ laughter ] based on a worthless business just in time to -- ha ha ha! [ laughter ] pay off the hundreds of millions he owes in fines. from lying about the value of his -- i just don't -- i don't get it. [ laughter ] [ seth laughing ] [ laughter ] this has been "seth tries to laugh about a thing that is clearly making him crazy." ♪ [ applause ] now, you might be asking yourself, donald trump has a m
the new trump media company, or roughly $78 million a share.is on paper at this hour worth $4.6 billion. >> the higher the stock goes, the higher that donald trump's net worth is. at yesterday's close trump's net worth according to bloomberg a little over $7 billion. it went up by $4 billion on monday alone. >> seth: that's right. trump doubled his net worth in one day after his otherwise worthless social media company went public. this brings us to a segment called "seth tries...
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Apr 5, 2024
04/24
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part of a dispute over ownership of his social media company — the trump media & technology group — whichon is scheduled for 15 april, which is also the start of trump's first criminal trial. for the latest, here's the bbc�*s north america business correspondent, michelle fleury, in new york. trump's media company may never be profitable but its shares are valued at billions of dollars and that involved are fighting over who gets a piece of it. in february the cofounders of former president trump osmotic media company filed a lawsuit in delaware to claim mr trump and other leaders scheme to deprive them of a stake in the company that potentially could be worth hundreds of millions of dollars. as part of the case mr trump will be deposed by lawyers for an deleted skin and wes moss, two former on donald trump was my reality tv show the apprentice. the date coincides with the start of the former president's first nominal trial here in new york. the depositions often get rescheduled. this week trump filed its own lawsuit in florida against these two cofounders arguing mismanagement and saying
part of a dispute over ownership of his social media company — the trump media & technology group — whichon is scheduled for 15 april, which is also the start of trump's first criminal trial. for the latest, here's the bbc�*s north america business correspondent, michelle fleury, in new york. trump's media company may never be profitable but its shares are valued at billions of dollars and that involved are fighting over who gets a piece of it. in february the cofounders of former...
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Apr 17, 2024
04/24
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he believes the trump media deal is a sign he is supposed to invest. joo hartwell is a washington post reporter on that story and he joins me now. great reporting on this. i want to, before we start to folks, to talk about the reporting of folks when invested. the trajectory here of who is driving the movement in this market broadly speaking. >> i mean, with a bloodbath we've been seeing the last couple of weeks, people are just running away from the stock as quickly as they can. as we saw with the market debut late last month, when a peak into the eighth, nine, $10 billion range, i think there were a lot of regulators just betting that the stock was going to be high. it's going to be like the stocks before it where they can get in, get their money, and get out. i think a lot of that, he has gone away, and now people are starting to -- the stock is starting to come back to earth. there are a lot of these trump supporters will been trying to buy up stocks, but they are not really, you know, compensating for how quickly the stock is plunging. it's lost 6
he believes the trump media deal is a sign he is supposed to invest. joo hartwell is a washington post reporter on that story and he joins me now. great reporting on this. i want to, before we start to folks, to talk about the reporting of folks when invested. the trajectory here of who is driving the movement in this market broadly speaking. >> i mean, with a bloodbath we've been seeing the last couple of weeks, people are just running away from the stock as quickly as they can. as we...
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Apr 2, 2024
04/24
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shares of donald trump's social media company, trump media, plunged more than 20% on monday. comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. forbes has just revealed its latest world billionaires list, a ranking of the world's richest people. at the top for the second year running, the lvmh boss bernard arnoh, who oversees the luxury french louis vuitton brand. his net worth�*s understood to have grown 10% to $233 billion. the forbes list includes a record—breaking 2,781 billionaires — more than ever before. shares of chinese smartphone maker xiaomi surged 15% when the hong kong market opened today. it's the first trading day following the company's launch of its new su7 electric car. xiaomi is pricing the su7 at $4,000 less than tesla's model 3, and that is it. hello from the bbc sport centre. let's start with some breaking cricket news in the last hour or so — england all—rounder ben stokes has asked to not be considered for selection for this summer's t20 world cup
shares of donald trump's social media company, trump media, plunged more than 20% on monday. comes after the company disclosed it recorded $58 million in losses last year and admitted it would struggle to meet its financial liabilities going forward. forbes has just revealed its latest world billionaires list, a ranking of the world's richest people. at the top for the second year running, the lvmh boss bernard arnoh, who oversees the luxury french louis vuitton brand. his net worth�*s...
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Apr 3, 2024
04/24
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caroline: let's talk about a previous president donald trump who is suing two cofounders of trump mediahnology saying they said if the company improperly issued not get any stock in it. this comes amid wild swings in shares of the recently public company. they went there a spac. we will talk about it with bailey lipschultz. talk about the issues the co-founder have of true social with trump. bailey: there was an initial lawsuit from the two co-founder saying they were going to be diluted out of their 8.6% stake in trump media and technology group. this is a counter lawsuit from donald trump saying they deserve nothing. this is a deal that had a number of lawsuits from the two cofounders to the founder of the actual spac that brought trump media public and about his stake. there. are a number of lawsuits it is mind-boggling to put into perspective who is arguing what at this point. as far as we know at this point the investment group behind those two cofounders currently have a north of 5% stake an donald trump has a 57% stake. ed: a stake in what exactly? we learn the reality of what th
caroline: let's talk about a previous president donald trump who is suing two cofounders of trump mediahnology saying they said if the company improperly issued not get any stock in it. this comes amid wild swings in shares of the recently public company. they went there a spac. we will talk about it with bailey lipschultz. talk about the issues the co-founder have of true social with trump. bailey: there was an initial lawsuit from the two co-founder saying they were going to be diluted out of...
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Apr 16, 2024
04/24
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shares in trump media, donald trump's company, which runs the social media platform truth social, haveived at a manhattan court on the first day of a landmark criminal trial against him. with the latest, here's michelle fleury in new york. the company behind the truth social platform has told financial regulators it plans toissue financial regulators it plans to issue another 21 one half million shares linked to warrants these are contracts that give investors the right to buy or sell a stock at a specific price within a certain timeframe. the sale can also devalue a stock that there is not enough demand to absorb the increase with available shares which appears to be what happened today. trump media is also looking for approval to potentially resell up to 100 and next million shares held by current investors, including a former president who is the majority shareholder. the move paving the way for them to be able to cash in sooner, currently these insiders are barred from any sheer sale until september, and see securities and exchange commission signs off on the filing insiders includ
shares in trump media, donald trump's company, which runs the social media platform truth social, haveived at a manhattan court on the first day of a landmark criminal trial against him. with the latest, here's michelle fleury in new york. the company behind the truth social platform has told financial regulators it plans toissue financial regulators it plans to issue another 21 one half million shares linked to warrants these are contracts that give investors the right to buy or sell a stock...
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Apr 19, 2024
04/24
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FBC
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trump media with, where is it going? if. lauren: what is it doing now? up%.s is the ceo, devin nuÑes, sent a letter to the nasdaq where it trades asking the ceo of the nasdaq to help enforce short selling rules. to go through this, short sellers borrow shares, then sell them back at a lower price later on. but trump media is concerned that what's happening is naked short selling, and that's illegal. what's also happening, because this has been so sol till this week, rump -- volatile this week, trump media is an emotional stock to own. a lot of people just don't like the fundamentals, they're short selling. you have a lot of people that don't like president trump, and then you have a lot of people who call themselves patriots on social media that love president trump, and they're going at each other. this has become an emotional trade. stuart south it sure that -- ha. check the big board, we're up 75 points. oh, what a difference two hours makes. look at the dow winners, please, there are several on that list. american express, chevron, honeywell, caterpillar,
trump media with, where is it going? if. lauren: what is it doing now? up%.s is the ceo, devin nuÑes, sent a letter to the nasdaq where it trades asking the ceo of the nasdaq to help enforce short selling rules. to go through this, short sellers borrow shares, then sell them back at a lower price later on. but trump media is concerned that what's happening is naked short selling, and that's illegal. what's also happening, because this has been so sol till this week, rump -- volatile this week,...
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>> tonight, stock in donald trump's media company tanking after trump's social media platform, truthorted losing $58 million last year. [cheers and applause] the company was valued at nearly $10 billion after it went public last week as trump supporters rushed to scoop up shares. >> truth social is doing very well. it's hot as a pistol and doing great. >> but today, that rude awakening. the revelation of last year's losses sent the stock plunging more than 20%, and the value of trump's own stake losing more than a billion dollars. [cheers and applause] >> desi: yeah, trump, you lost a billion dollars yesterday! now you're only worth $6 billion, ya broke bitch! [uncomfortable laugh] we got him! finally! now there's a bit of a disagreement over why the stock dropped so much. analysts say it's because of huge losses and limited market upside, while trump advisers argue it's because of "woke gay trans dei hunter biden's laptop." so who's to say? at this point, it just seems like trump is trying to be in every section of the newspaper. finance. politics. style. city crime. it's only a mat
>> tonight, stock in donald trump's media company tanking after trump's social media platform, truthorted losing $58 million last year. [cheers and applause] the company was valued at nearly $10 billion after it went public last week as trump supporters rushed to scoop up shares. >> truth social is doing very well. it's hot as a pistol and doing great. >> but today, that rude awakening. the revelation of last year's losses sent the stock plunging more than 20%, and the value...
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Apr 1, 2024
04/24
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trump media owns truth social. just last week, the company went public on the stock market. new numbers have been reported showing that the company lost about $58 million last year, with revenue of only around $4 million. an auditor in the new regulatory filing is doubting the company can stay afloat. trump media has not responded to requests for comment. >>> and israeli delegation will meet with officials from the white house today in a virtual meeting. >> the u.s. will pressure israel to not strike the southern city of gaza city -- of rafah, i would say. this is a meeting that's been delayed. israel has canceled it. it was supposed to be in person. >> that's right. they canceled it at first, kris. netanyahu was upset at the time that the u.s. had abstained from the united nations vote calling for a cease-fire in gaza late last month that allowed that to go through, to pass. israel canceled a scheduled meeting at the white house with administration officials. as you pointed out, that meeting is back on, at least virtually as the two sides meet over video link today. the u.s
trump media owns truth social. just last week, the company went public on the stock market. new numbers have been reported showing that the company lost about $58 million last year, with revenue of only around $4 million. an auditor in the new regulatory filing is doubting the company can stay afloat. trump media has not responded to requests for comment. >>> and israeli delegation will meet with officials from the white house today in a virtual meeting. >> the u.s. will pressure...
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Apr 8, 2024
04/24
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that was donald trump on social media. we will _ faith. that was donald trump on social media.aith. that was donald trump on i social media. we will get the latest on that developing story live with our washington correspondent here a little later on the programme. ukraine has accused russia of spreading �*fake information' after moscow blamed kyiv for a drone strike on ukraine's zaporizia nuclear power plant — which is occupied by russian forces. local authorities say, at least 6 people were injured in the attack. the head of the un's atomic watchdog says, the attack risked a major nuclear accident. ukraine has denied responsibility. let's speak to 0lena pareniuk — senior researcher at the institute for safety problems of nuclear power plants. thank you very much forjoining us here live on bbc news. how concerned are you by the strikes? we here live on bbc news. how concerned are you by the strikes?— are you by the strikes? we are re are you by the strikes? we are pretty much — are you by the strikes? we are pretty much concerned - are you by the strikes? we are| pretty much c
that was donald trump on social media. we will _ faith. that was donald trump on social media.aith. that was donald trump on i social media. we will get the latest on that developing story live with our washington correspondent here a little later on the programme. ukraine has accused russia of spreading �*fake information' after moscow blamed kyiv for a drone strike on ukraine's zaporizia nuclear power plant — which is occupied by russian forces. local authorities say, at least 6 people...
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Apr 17, 2024
04/24
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last month there was a lot of coverage around donald trump's company, trump media, parent company of social, going public. the ex-president owns about 57% of the company, but according to its own recent sec filing, it lost $58.2 million last year, generating just $4.1 million in revenue total. revenue. the auditor wrote operating losses raise substantial doubt about its ability to continue as a going concern. now, that $4 million in revenue is so low it meets the federal government definition of a small business, and yet on the first day that it was on the stock markets, it started trading at a valuation similar to reddit, which also went public but also has 100 times the monthly visitors of truth social and 200 times the revenue. so something didn't add up, and there were warnings about the stock even in the fox news bubble. >> why are you even talking about this? it's a scam just like everything he's ever been involved in is some sort of con. >> based on the share price, it's worth somewhere between $9 billion and $10 billion, and analysts are arguing this doesn't represent the und
last month there was a lot of coverage around donald trump's company, trump media, parent company of social, going public. the ex-president owns about 57% of the company, but according to its own recent sec filing, it lost $58.2 million last year, generating just $4.1 million in revenue total. revenue. the auditor wrote operating losses raise substantial doubt about its ability to continue as a going concern. now, that $4 million in revenue is so low it meets the federal government definition...