. >>> up next, truth social. the social media company is about to go public, and former president trump is about to get much richer, at least on paper. much richer, at least on paper. we're going to get with the freestyle libre 3 system... know your glucose levels no fingersticks needed. all with the world's smallest and thinnest sensor. manage your diabetes with more confidence and lower your a1c. try it for free at freestylelibre.us. >>> welcome back to "nbc bay area news tonight." elon musk is trying to punish his critics. that's what a judge said today about a lawsuit that musk filed against an anti-hate group. we're talking about the center for countering digital hate. it tracks hate speech, and it claims it documented a rise in hate speech on twitter, or x, since elon musk took over. so musk and x sued the center. musk accused it of driving away advertisers, which cost x millions of dollars in revenue, lost revenue. today a judge dismissed that lawsuit. the judge said it was about one thing, unabashedly pun

that's exactly what is happening with truth, social since trump launched truth social in 2022, after being kicked off twitter and facebook, the alternative social media platform has lost cost millions of dollars and lead to insider trading convictions. the company's leaders past and present, have been trading accusations of deception and impropriety across for lawsuits in three states. but despite all that in the lead up to friday's vote, the speculators market wildly drove up the value of digital world acquisition this week, the stock rose 18% to nearly $43. then friday after the deal was approved dropped nearly 14% after hours trading bumped it back up to 38 and change where the merger agreement calls for trump to own roughly 79 million shares. his interests, at least as of now a cool 3 billion. i want to know what you think go to summer cottage.com, vote on this week's poll question, which is more fueling the truth social ipo frenzy, love of money or love of trump. joining me now is eric hirsch co-ceo of hamilton lane with over 900 billion of assets it's under management and super

mobile users. >> truth social is tiny. about less than half a million monthly active users on ios and android in the united states. for comparison, x, the company formerly known as twitter, it has 75 million users. even instagram's threads is ten times bigger than truth social. not only that, but truth social is shrinking. monthly active users are down by 51% year over year in february. >> trump media generated just $3.4 million of revenue through the first nine months of last year, according to filings. the company lost $49 million over that time period. >> seth: the only way this business could be any more of a failure is if every time you open an account you got a free zune, a bottle of crystal pepsi, a blockbuster card, a motorola flip phone that came preloaded with a myspace account, and a round trip next to the door on alaska airlines. [ laughter ] so just to recap, not only is truth social a tiny business that generated only $3 million in revenue while losing $49 million, it's also shrinking, with unique visitors do

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larry: you know, your point, you call it va truth social will be stopping ground for conservatives thatr of time, what do you think of this. >> that is right, we have seen fragmentation in media, where people some people watch other business networks and smart people watch fox business. so, we have conservative media, we have progressive media. we'll start to see is that has not infected the social media space yet. but it is coming. we know it is coming because they keepi excluding people, you could get thrown off of twitter, not so much any more, but facebook suppresses pains es -- points of view, there is a big tune in things like a.i., we saw when google tried to launch a.i. they launched woke a.i., there are opportunities in this company that people don't see yet, it could become very big quickly. larry: i think that breitbart, a terrific news gathering operation is an example of this. they report stuff that the lefties you know msnbc won't. and i think that truth social, i used to do a lot of twitter, i have not gone back since i was in government, ill sign -- i will sign up for tr

truth social just received approval to merge kittle world acquisition corps. start trading on the nasdaq as soon as this he can would. it will replace. analysts under ticker or donald trump's initials. the deal has been in the works since october of 2021. of course truth social lost tens of millions of dollars it needs that capital to grow, even stay afloat. this also means trump will see over $3 billion, potentially. that number could change though pending on ongoing litigation. based on the share price the company is valued at over $5 billion. so trump auto would actually own 58% once the merger goes through. i will note the stock lost 14% on friday following the merger announcement though regained a bit in premarket trading. amidst trump's legal troubles that could be valuable. he can't sell his sales for six months. when a company goes public have is what is called a lock-up period for major shareholders. the new board could approve a waiver but if trump were to sell a significant portion of those shares it could really taint the stock. there is a possibil

, how important this truth social thing is going to be, i'd cud kudlow, not preachy but just a littleressed today. rly diff. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. the virus that causes shingles is sleeping... in 99% of people over 50. and it could strike at any time. think you're not at risk? wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention. ♪(song in french)♪ (♪) book in the hotels.com app to find your perfect somewhere. sarah shaw: my day job is as an author relations manager for a publisher. i'm in books, and i t

will tell us the truth about trump's truth social, going public. i think today.d coauthor of the "breitbart business digest." thank you, john. your article, your piece, which was put out march 22nd, so over the weekend or friday. >> your point is, the media is making fun of truth social because they haven't made any money but the reality is, all these things, amazon, reddit, twitter, they all lost money big-time for years before they became successes. >> that's right. look it's very typical for a new media startup to lose money. we've seen social media companies lose money. we've seen a lot of these digital companies, amazon lost money for close to a decade after it was founded. reddit just had its ipo. they have never been profitable. they were founded back in 2005. their stock is doing very well. twitter lost hundreds of millions of dollars the very year that it went public. so the fact that truth social lost money in it is first couple years of existence is not really a problem. in fact in silicon valley if you're not losing money when you first start you're d

shares in the parent company of truth social closed just under $58, up 16% on its first day of tradingompany. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion, which makes the former president one of the richest 500 people in the world according to bloomberg. with his newfound wealth, mr trump could sell some of his stock to help pay for is mounting legal bills as he faces both civil and criminal proceedings. but he will have to wait. he is barred from selling his shares for six months. it's not clear where the stock will be trading when that agreement expires. truth social, found that after the former president was kicked off major social media platforms following the january 6 capitol riot has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump, as well as trying to cash in on the frenzy surrounding the stock. visa and mastercard have reached a $30 billion settlement to limit credit and debit card fees for me

jes >> you are on truth social?t having you look at my phone. >> show me your phone. >> how dare you. >> show me. i have lost control. do you want to comment?co >> no offense, jessica.je >> the fence has already been taken. >> the critics ago after whethee it's trump or elon musk or any capitalisty , it's just funny to me because just because you are in the media or somebody once called you an expert or you t imshowed up four times on cnbc s talk aboutto stocks, somehow yow know what somebody is doing? if this is a scam, tell me who's being ripped off. who's involuntarily investing on this. tell me abougalit the illegalitm it. it's funny coming from people who push things like air america or blm or dei, who support the, climate agreement or do you went for the actual election of biden.we you want t wo scam, this guy pod himself off as a moderate unifier.ta talk about pump and dump. that's biden's life. pump and dump. this is going to play out as a movie. we are ivie,n the third act.feel it feels like the remake of r

if you look at truth social, djt, donald j.f right now. >>> new home sales took an unexpected hit haas month. high prices, high interest rates keeping some hopeful home buyers on the sidelines. kelly saberi joins us. kelly, what are builders doing to get the market back on track? >> reporter: stuart, since shrinkflation is hitting the housing market,ing builders are building smaller but taller. so in a sense, you are still getting some of that size, but maybe with a little bit less of the amenities of that garage space. you know what? at the end of 2023, about 20% of all new homes were townhouses. we're going to talk a little bit about, you know, homes like the ones that we're in. jeff, what makes these so desirable? >> well, obviously, heir new, and new product, new homes have become more desirable over the last few years. what's made town oklahomas more e de-- town homes over the last few years really started with covid, a little bit before. as covid was sending buyers out of the city and started that whole work from home thi

she has any parent company of truth social are closed under $58, up i6% on its first day of trading asone stage it was up more than 50%. because mr trump is the majority owner, has taken the company is worth around $4.5 billion which makes the former president one of the richest 500 people in the world according to bloomberg. with his newfound wealth mr trump could sell some of his stock to help pay for is mounting legal bills as he faces both civil and criminal proceedings. but he will have to wait. he is barred from selling his shares for six months. it's not clear whether stock will trade when that agreement expires. truth social, found that after the former president was kicked off major social media platforms following 6 january major social media platforms following 6january capitol riot has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump as well as trying to cash in on the frenzy surrounding the stock. visa and masterca rd visa and mastercard have a new $30 billion settlement to lim

>> jessica: a charity -- >> jesse: worse than truth social.ist on a stock exchange? it's got transparency. instead, the clinton foundation just goes to the saudis while she is secretary of state and says, pay up. they give her $20 million and they use it on their daughter's wedding. >> judge jeanine: 25. >> jesse: come on, jessica the whole thing is a scam. the clintons don't even know what business is. they just know how to fleece it. >> dana: jessica, have you scored on yourselves? >> jessica: i don't think so. also, charity navigator has a very high rating for the clinton foundation. listen, i have always said this. donald trump gets really lucky. >> greg: of course. >> judge jeanine: is that what it is? >> jessica: oh, it is the genius of truth social but has under 500,000 users? the last nine months of 2023 -- >> greg: here we go, jessica. i love it when people who have a media footprint pretend to know how things are built. i don't know how things are made. i don't know anything -- >> jessica: i know that when something is doing well, th

his posts are the only thing keeping truth social afloat, and truth social is trump's money to get to out of jail, theoretically. >> it didn't really become actual money until the deal was closed, until the acquisition corporation and truth social, the shareholders agreed to engage in the merger, and had that not happened, his shares would've been worthless. there is one other way he can get money from this, which is an off market transaction, if you were able to find a willing buyer for one sixth of his steak, versus the presumed billion dollars it is worth. you can just sell it in a single block. there are ways for him to monetize this, but he is the only asset that truth social has, and from a business perspective, it's not a great opposition. the stock will probably trade down, but he might have just enough in the way of a stake in the company. >> the bad business move, so you have to wonder, why would someone do it? quickly, he knows how to file bankruptcy really well. >> he does, and he has never filed for personal bankruptcy, as you know, but until this merger was agreed to tod

in this case, it is truth social we are talking about.company of that, shareholdersjust talking about. the parent company of that, shareholders just approved a merger with that term and that paves the way for truth social to be taken public. it has been a rocky road to get here but the result of all of this is that it could potentially put as much as $3 billion into the pocket of donald trump at a time when everyone is talking about his finances, given a judgment here in new york. finances, given a 'udgment here in new york. ~ ~ finances, given a 'udgment here in new york. ~ . ., ~ , ., finances, given a 'udgment here in new york. ~ . ., ~ new york. michelle, thank you so much for that _ new york. michelle, thank you so much for that update. _ germany's national football team is saying "auf wiedersehen" to adidas and "nice to meet you" to nike. after 70 years, it's dumping the german company adidas in favour of a sponsorship deal with the american sportswear giant nike. fans have taken to social media to voice their displeasure. sports br

media platform truth social. the newly merged company will likely go public next week, a move that could result in a massive financial weight full of over $3 billion for the former president. trump won't be able to take out any of that money in time to pay the penalty he owes new york , but it offers him a lifeline at a vulnerable time. i'll explain how in a minute. that merger between trump's source who's parent company and digital world acquisitions was two and half years in the making, but there's a story to be told that provides important context to trumm's current situation, and it involves tiktok, a conservative pack, and a really rich man named jeffrey yass, of financial from susquehanna international group, conservative madonna, major donor of some $33 billion stake in the chinese parent company that owns tiktok, byte dance. reuters identify yass as the top donor of this election season having donated , quote, more than $46 billion to republican causes so far in the 2020 election cycle, data from politica

now made easier by the ipo of truth social. get into more of that with lee zeldin in a moment, that is islamic state group claiming responsibility for suburban moscow concert hall that killed 133 people, it was the most deadly attack and russian years for hearing now have appeared in court, one of them in a comatose state, benjamin hall is in london with the details. >> there has been more clear evidence coming out for the week and that there was an attack that was carried out by isis, nevertheless you've seen vladimir putin in many of the government officials starting to really send the message that this was ukraine and perhaps trying to turn it to their advantage, the u.s. intelligence community has said this was carried out exclusively by isis-k, they are the isis faction from afghanistan and america warned russia just a couple of weeks ago that an attack like this could take place, at the time vladimir putin dismissed as blackmail, isis has claimed responsibility for the attack releasing their own video from inside the conc

shares in the parent company of truth social closed just under $58, up 16% on its first day of tradingpany. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion, which makes the former president one of the richest 500 people in the world according to bloomberg. with his newfound wealth, mr trump could sell some of his stock to help pay for is mounting legal bills as he faces both civil and criminal proceedings. but he will have to wait. he is barred from selling his shares for six months. it's not clear where the stock will be trading when that agreement expires. truth social, founded after the former president was kicked off major social media platforms following the january 6 capitol riot has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump, as well as trying to cash in on the frenzy surrounding the stock. ali barbara scrap and plans to list its logistics unit, it is on the stock exchange, the e—commerce giant

there he is saying something again on truth social about e.really does have no impulse control. he is a pathological narcissist among his other problems, and he cannot help but toot his own horn. that's why on easter he had something like 45 tweets or whatever truth social calls them. the other is that donald trump is using his cases to get himself elected. he is making himself a martyr. the vast left wing conspiracy, the deep state is out to get me, see how i'm being persecuted, all these judges are out to get me, alvin bragg is out to get me. it's all a plot, and he uses the courtroom and the courtroom steps to chin up sympathy for him so he can get elected. he wants to get elected so he can get a get out of jail free card. this is a pollution of not only our political system but our legal system. >> all right, jennifer, danny, great to have both of you on this evening. thank you for your time and insights as always. >>> julian assange's extradition is paused. his brother is our next guest. . jen x is planning a summer in portugal with some

could donald trump's beleaguered social media? the a-site truth social. when he $3 billion >> today >> and then happening now, the secretary of state holding key meetings in israel is a deal to release the hostages in gaza, moving closer on the chasing life >> podcast, dr. sanjay gupta goes inside the world of weight loss, the numerical drugs, and what we've really tells us about her a health chasing life with dr. sanjay gupta. listen wherever you get your podcasts >> i met with the turbotax expert because i had two full-time jobs, lawyering and leaving count on me, mia, i'll file your taxes for you with 100% accuracy guaranteed. let a turbotax full service expert do your taxes as soon as today would you have chronic kidney disease? there are places you'd like to be like here and here not so much here >> far >> seeker reduces the risk of kidney failure, which can lead to dialysis our sega can cause serious side effects, including ketoacidosis that may be fatal, >> dehydration, urinary tract, or genital yeast infections and low blood sugar. a rare life-thr

and you can see them freaking out on truth, social, all night. this is a big, big day for him. >> you really can see him sort of ranting in real time about this and you can see how much it's under his skin marina, just this morning, he wrote he's being forced to sell his babies and by that we think he doesn't mean eric or don junior. we think he talking about his bills buildings there. rena. but it does show you what he cares about most >> well, i think when when you pull back and look at this entire thing, i'm reminded by the markets are really as quote, the impediment to action that becomes the action. so this is the messaging strategy we have theme trump and his family employ frankly that he's not just being knee capped here by this historic judgment, a supposedly he is being crippled to the point where he is being denied what is fairly his. >> and >> so you can't look at elected republicans for some kind of support at this point because they've taken the road of will if you can't beat them, join them so everywhere you're looking on the republ

truth social closed just under $50 up to 60% on its first day of training as a public company.age, more than 50%. because mr trump is the majority owner from than 50%. because mr trump is the majority ownerfrom his stake in the company is worth around $4.5 billion, making the former president one of the richest 500 people and the dog according to bloom. with his newfound wealth, mr trump could sell some of his stock to help pay for his mounting legal bills as he faces both civil and criminal proceedings. he will have to wait since he is barred from selling his shares for six months. it is not clear whether stock would be trading when that agreement expires. truth social that was founded after the former president was kicked off major social media platforms following the january six capital ride said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump. as well as trying to cash in on the frenzy surrounding the stock. the stock market debut was made possible after a trumpet media merger with

like facebook or twitter at the time —— the company within that was truth social.his and has been popular as we have seen with investors, many of whom are treating it like a mean stock, and this means, when you have social media people who are flocking to buy shares in a company not necessarily based on traditional financial metrics, popular amongst wall street analysts but more based on sentiment and that is what we are seeing here. it is a chance to put your money where your mouth is in terms of supporting donald trump and that reflects some of the performance we are seeing in the share price. michelle, in new york, thanks for joining us. those are the top business stories. this is bbc news. more on our top story now, and the mayor of baltimore has described the collapse of the francis scott key bridge in the city as "an unthinkable tragedy". six people are still missing, after a container ship hit the bridge. two people have been rescued — one of them is in a critical condition. we are going to hearfrom president biden any moment now. he will be making remarks a

trump media which operates truth social and the up, it's a tiny company. 3 million and in the first nine months of 2023, it had a net loss of 50 million so we are looking at this and saying hm. it's interesting because it is a loss, everyone does losses but even in the this, the folks say they don't expect, they expect to continue losses for the foreseeable future and it's not clear the company is continuing growing concern. >> if we are not buying that one, give us something we should look at. >> if i am activating, i would rather speculate and dateline but i'm looking at adobe, a stock lockdown of it because people worry it will not compete and in ai world, we had an ai summit targeting things that will hopefully bring in money. if it holds $500, is looking good. the semiconductor selling chips to our in office, it's been wrong for a little while, cheaper than the s&p 500 and the company in the face of weakness in the sector range and inventory and keeping margins declining, long-term, it is valuable and other chips. earnings go up and it's a long runway

in a lengthy, all-caps claim on truth social, trump claimed he had enough money. said, quote, through hard work, talent and luck, i currently have almost 500 million in cash. if that's true, why would nobody give him a bond? either the lawyers are lying or

we have heard from the former president on truth social. the fifth time in this case that he has overturned, a record. his credibility and that of letitia james has been charted. we'll post either a bond equivalent securities or cash. that donald trump moments ago. jonathan turley and my guests, thank you. "outnumbered" after the break. . shop our expanded family of products at major online retailers. i'm jonathan lawson, here to tell you about life insurance through the colonial penn program. if you're age 50 to 85 and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54. what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80. what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular 23 minutes. in

trump media which operates truth social and the up, it's a tiny company.over 3 million and in the first nine months of 2023, it had a net loss of 50 million so we are looking at this and saying hm. it's interesting because it is a loss, everyone does losses but even in the this, the folks say they don't expect, they expect to continue losses for the foreseeable future and it's not clear the company is continuing growing concern. >> if we are not buying that one, give us something we should look at. >> if i am activating, i would rather speculate and dateline but i'm looking at adobe, a stock lockdown of it because people worry it will not compete and in ai world, we had an ai summit targeting things that will hopefully bring in money. if it holds $500, is looking good. the semiconductor selling chips to our in office, it's been wrong for a little while, cheaper than the s&p 500 and the company in the face of weakness in the sector range and inventory and keeping margins declining, long-term, it is valuable and other chips. earnings go up and it's a long ru

yeah, there's no way truth social is worth more than reddit.th social doesn't have even one sub-channel dedicated to birds with arms. [laughter] can we just run that for the rest of the monologue? on top of that, in the first nine months of 2023, truth social lost $49 million. [applause] and with results like that, naturally, at the opening bell, the stock surged about 56%. so trump sells something that does terribly, yet it makes him billions. i like that business model. that's why i'm introducing my new product: stephen colbert's bathtub toaster. "the tingling means it's working!" now, in fairness, you can see why investors might get excited about the company. just take a look at their quarterly income statements. that is a rocket ride to the moon! i'm sorry. i'm being told that's upside down. to add insult to "there is no justice in this veil of tears," the company is trading under the ticker "djt." that is the height of narcissism. and i say that as a man who bolted his name to the side of this building. that's tasteful! [cheering] that's n

shares in trump media, which owns truth social, have soared in value after they began trading on wallest people in the world. with more, here's our north america business reporter michelle fleury. donald trump just became a lot wealthier, at least on paper. shares in the parent company of truth social closed just under $58, up i6% on its first day of trading as a public company. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion. that makes the former president one of the richest 500 people in the world, according to bloomberg. with his new—found wealth, mr trump could sell some of his stock to help pay for his mounting legal bills, as he faces both civil and criminal proceedings. but he'll have to wait, since he's barred from selling his shares for six months. and it's not clear where the stock will be trading when that agreement expires. truth social, which was founded after the former president was kicked off major social media platforms following the january 6th capitol riot, has said it expects to c

the other thing the truth social, and that's e kind of interesting because if you read the truth socialhas right now for 45 days. now, theoretically, i guess the board could come in of truth social and, you know, they are, you know, obviously they wouldn't be doing business with them if they didn't like him. the board could come in and say, oh, we'll let you sell some of your stock. that would open up the board though to litigation because once he sells his stock, let'ses say he sell ises $500 million in the $3.4 billion that he own, that's a big chunk of change, the stock is going to go down. that would open the board up to tremendous amounts of shareholder litigation because this stock now, it's almost doubled in the last two months after having, you know, a horrible, horrible stretch. and the stock we're talking about is digital world acquisition corp. which which bought -- will: right. >> so, you know, there's not a lot of great scenarios for him either. but this is a miss. and, you know, when it really comes down tout, it comes down to a very stupid case by james. she literally wen

truth social, mr.rump's company, social media platform, will be sponsoring an ever-growing free speech, conservative community. now "breitbart"'s economics editor john carney has written brilliantly about this. he notes that the trump platform will offer a bastion of free speech, tapping into a vein of societal discontent and extending beyond the current election cycle. carney calls it balkanization. where the liberals have their media outlets but conservatives do not in terms of social media. now they will. for what ate worth i'm going to sign up myself and the trump social platform will of course be a key spot for mr. trump's issues in the presidential campaign. that's why trump's social is going to grow a lot in the weeks and months ahead as well as over the longer term, and, the stock offering will add about $300 million to expand and prove the truth social operation. it is so ironic that these local juvenile, corrupt prosecutors, you know, the letitia jameses, the alvin braggs, the and by your man

trump media bill of the ipo goal in the trading week, the parent company of truth social charging party person efforts seller debut nasdaq to separate former president trump says it's more than just a stock. >> has gone through the roof in the true sense it's a where evil in the country and, whole, one of the hottest stocks anybody has seen and we are honored by the. >> many on wall street are questioning the companies fundamentals, fierce competition from other social media companies like meta, snapchat, x who raked in billions in revenue last year. also, they had many millions of active monthly users worldwide triple social. djd felt% thursday, fueling six concerns of volatility to come with some on wall street comparing shares of trump media to name stocks. joining me now, trump media and technology group ceo devin nu nunes. great to see you, what a week you had, congratulations to you. looks like president trump has five billion-dollar week. how do you respond to the criticism? >> there's always going to be critics because they are doing something no one has ever done. this company

he says he has the cash on truth social.'t be in this situation, right? is that a fair determination? >> yeah. when the e. jean carroll case happened. he had the bond but was still asking the court for more time. it's possible he actually has the money right now. i don't think that's the case. so we're going to get to monday, and it's going to be a showdown. >> showdown like where? showdown at court? like with judge angorran? >> we need to keep a close eye on the docket. judge angoran is tightening the screws on him. the trump organization, essentially, can't do anything without the court and the monitor knowing. she is on top of it. she's been there for about 16 months. anything they do. transfers of funds. financial accounting. moving moppy from money from one source to another. >> one way this could go down is this media merger. right? trump media is merging with this company. like one of these special vehicles back, right? and this happened today. the digital world. that's who he's going to merge with. their stock price

and what is this vehicle that was set up to launch truth social ? set up to launch truth social?w, as you pointed out , >> well, donald trump, as you know, as you pointed out, nigel was kicked off both twitter and facebook immediately following the 2020 election. in january 2021. and he set up, the, trump media and technology group. it was, there was a merger with digital world, which is a, which is a spac , and it finally got is a spac, and it finally got regulatory approval a couple of weeks ago, which allowed it to start trading on the nasdaq, this morning, the stock now is currently worth, $10 billion. president trump's stake is worth about 60% of that. so about $6 billion that that makes his net worth about $9 billion. and to put it in to perspective of the new york times it's worth about $7 billion. so conceivably if he could use the stock as currency , could use the stock as currency, president trump could buy the new york times , which would be new york times, which would be quite an irony. >> well, that certainly would be, wouldn't it? what, i mean, l, be, wouldn't it? w

trump media bill of the ipo goal in the trading week, the parent company of truth social charging partyor person efforts seller debut nasdaq to separate former president trump says it's more than just a stock. >> has gone through the roof in the true sense it's a where evil in the country and, whole, one of the hottest stocks anybody has seen and we are honored by the. >> many on wall street are questioning the companies fundamentals, fierce competition from other social media companies like meta, snapchat, x who raked in billions in revenue last year. also, they had many millions of active monthly users worldwide triple social. djd felt% thursday, fueling six concerns of volatility to come with some on wall street comparing shares of trump media to name stocks. joining me now, trump media and technology group ceo devin nun nunes. great to see you, what a week you had, congratulations to you. looks like president trump has five billion-dollar week. how do you respond to the criticism? >> there's always going to be critics because they are doing something no one has ever done. this compa

trump media which operates truth social and the up, it's a tiny company.ust over 3 million and in the first nine months of 2023, it had a net loss of 50 million so we are looking at this and saying hm. it's interesting because it is a loss, everyone does losses but even in the this, the folks say they don't expect, they expect to continue losses for the foreseeable future and it's not clear the company is continuing growing concern. >> if we are not buying that one, give us something we should look at. >> if i am activating, i would rather speculate and dateline but i'm looking at adobe, a stock lockdown of it because people worry it will not compete and in ai world, we had an ai summit targeting things that will hopefully bring in money. if it holds $500, is looking good. the semiconductor selling chips to our in office, it's been wrong for a little while, cheaper than the s&p 500 and the company in the face of weakness in the sector range and inventory and keeping margins declining, long-term, it is valuable and other chips. earnings go up and it's a lon

maria: thank you so much meanwhile, this former president donald trump, posting on truth social that500 million dollars in cash substantial amount he intended to use for campaign, for president. trump now has just three days left to pay that 454-million-dollar bond from his new york civil fraud trial, is this election interference "the wall street journal" is reporting this, trump is in a rave against time to protect his fortune, also digital world acquisition shareholders expected to vote today whether to approve a merge with trump immediate and technology group that could be a positive for trump but kellyanne i want your take on all this he has a deadline to pay off that bond 454 million dollars, and if he doesn't come up with money she, letitia james wants to seize his property potentially trump tower your reaction. kellyanne: reaction what many people across this country will say if they see in a even people don't care for donald trump may not vote for him -- and say not then do it people will be outraged to watch one american that kind of power to seize iconic buildings clearly

trump media bill of the ipo goal in the trading week, the parent company of truth social charging party for person efforts seller debut nasdaq to separate former president trump says it's more than just a stock. >> has gone through the roof in the true sense it's a where evil in the country and, whole, one of the hottest stocks anybody has seen and we are honored by the. >> many on wall street are questioning the companies fundamentals, fierce competition from other social media companies like meta, snapchat, x who raked in billions in revenue last year. also, they had many millions of active monthly users worldwide triple social. djd felt% thursday, fueling six concerns of volatility to come with some on wall street comparing shares of trump media to name stocks. joining me now, trump media and technology group ceo devin nun nunes. great to see you, what a week you had, congratulations to you. looks like president trump has five billion-dollar week. how do you respond to the criticism? >> there's always going to be critics because they are doing something no one has ever done. this com

truth social itself is shrinking monthly active users are down from by 39% year over year and yet the market is valuing this company in the billions of dollars out. one professor at yale, professor jonathan macy, he told me, quote, the stock price is clearly a bubble. no rational investor would take the stock at face value especially if they had to hold it for any length of time. another professor told me, this is basically a meme stock. so yes, this deal does look like a financial win for former president trump, but no, it does not look like the cash infusion that he really needs matt egan. thanks so much for breaking that down for us. let's get the campaign angle. now with cnn's fredreka scout and fredricka tell us about this fundraising agreement that it seems very favorable to donald trump well donald trump, but like a lot of presidential candidates has reached a fundraising agreement with the rnc that will allow >> them and state parties to collect big checks from individual donors that they then share. but what's interesting is when you look at the fine print for the first big f

truth social lost $49 million last year. has far fewer users than any other social network that has gone public. the tech research firm similar web estimates truth social at about 5 million users last month, compared to more than 3 billion on facebook and 2 billion on tiktok. dan alexander is a senior editor at forbes who has spent years covering the former president's sprawling business empire and he joins us now. thanks so much for being here. what was your reaction when you saw that truth social stock price shoot through the roof? >> it was a reminder of what happened in 2021 when this idea of creating a trump branded social media network first at the news. that lasted for two days and then it started to step down and down and down. that means a lot of the people buying in today and yesterday are set to lose money. william: the thing i don't quite get is a company with these sorts of financials, how is that it ended up with this valuation in the multiple billions of dollars? >> something is worth what people are willing t

if he started dumping shares of truth social to pay this, truth social would go down dramatically andtake would be worth a lot less going forward and i'm sure he wants a piece of this to double. and it will be interesting to see on the appeal whether tish james really goes through with this. trump is a wily guy, he's been dealing with situations like this through his entire career, if there's anybody that can get out of this thing, it's him based on his career and dealing with-- >> bankruptcy is not an option. corporations and entities of his has gone bankrupt before. he personally has not. and looking at that, it's complicated. >> who knows? it's an interesting thing, would he declare personal bankruptcy to get out of this. i mean, he could, but that would be such a bad thing for him. i mean, i don't think he'd want to do that. and he might not have to do that. let's just say, he tells tish james here are my properties and i know they're thinking about this. you figure it out what i own or what neil cavuto owns on trump tower, that would be-- she is not capable of doing. neil: there'

even threads is ten times bigger than truth, social and truth.lly shrinking monthly active users down by 51% year over year. and it's also important to look at how this company stacks up with the last social media company to go public. that's reddit, just last week. now, read it, had about a $6,000,000,000 valuation patient at its ipo that was based on pretty healthy revenue, 800 million. compare that to truth social. >> it had about a $9 >> valuation and that's based on just a tiny fraction of the revenue. but listen, allison, history shows that stocks that are really just trading purely on momentum. they can keep going higher and higher and higher. and it's really hard to pinpoint exactly when they'll come back down to earth. >> really interesting speaking of history, just remind us what happened in the last time a trump business went public? >> okay. well, let's go back to 1995 and our home state of new jersey. we're talking about trump's casino and hotel resorts company went public 1995 to a lot of fanfare and it ended up never making any mon

trump media which operates truth social and the up, it's a tiny company.enues of just over 3 million and in the first nine months of 2023, it had a net loss of 50 million so we are looking at this and saying hm. it's interesting because it is a loss, everyone does losses but even in the this, the folks say they don't expect, they expect to continue losses for the foreseeable future and it's not clear the company is continuing growing concern. >> if we are not buying that one, give us something we should look at. >> if i am activating, i would rather speculate and dateline but i'm looking at adobe, a stock lockdown of it because people worry it will not compete and in ai world, we had an ai summit targeting things that will hopefully bring in money. if it holds $500, is looking good. the semiconductor selling chips to our in office, it's been wrong for a little while, cheaper than the s&p 500 and the company in the face of weakness in the sector range and inventory and keeping margins declining, long-term, it is valuable and other chips. earnings go up and

trump media which operates truth social and the up, it's a tiny company. million and in the first nine months of 2023, it had a net loss of 50 million so we are looking at this and saying hm. it's interesting because it is a loss, everyone does losses but even in the this, the folks say they don't expect, they expect to continue losses for the foreseeable future and it's not clear the company is continuing growing concern. >> if we are not buying that one, give us something we should look at. >> if i am activating, i would rather speculate and dateline but i'm looking at adobe, a stock lockdown of it because people worry it will not compete and in ai world, we had an ai summit targeting things that will hopefully bring in money. if it holds $500, is looking good. the semiconductor selling chips to our in office, it's been wrong for a little while, cheaper than the s&p 500 and the company in the face of weakness in the sector range and inventory and keeping margins declining, long-term, it is valuable and other chips. earnings go up and it's a long runway.

he is the only asset that truth social has.usiness perspective, it is not a great proposition. but he might have just enough in the way of a stake in this company to get out of dodge. >> it is a bad business move. i'm out of time, but any chance he files for bankruptcy? he knows how to do it very well. >> he has never filed for personal bankruptcy as he is the first to point out. but until this merger was agreed to today. i would have bet he would be filing personal bankruptcy sunday night. now i think he is going to announce some sort of deal on sunday night. he is mr. drama. he is going to do it on sunday night just before everybody thinks he is going to not be able to pull this off. >> we'll see. gentlemen, thank you so much for being here. and if you want more of this story, i have a whole analysis piece up on msnbc.com right now. check it out. >>> when we return, from new threats to oust the speaker to more republicans leaving congress, it is just another day on the hill. making a mess and getting nothing done for america.

on a post on truth social trump attacked _ in dc?ked nikki haley - in dc? on a post on truth social trump attacked nikki haley on | trump attacked nikki haley on previous performances in previous look at the larger results and new cbs polling against former president trump and president biden, former president trump like now nationally is ahead by four points, which is the most significant lead of the entire campaign. it seems the economy is a huge issue for voters and we will likely see that as we head into super tuesday tomorrow. nikki haley has also hedged some of her language, hasn't she, when it comes to a pledge to support the eventual republican nominee. what has she said? you eventual republican nominee. what has she said?— has she said? you are right, normally _ has she said? you are right, normally it _ has she said? you are right, normally it is _ has she said? you are right, normally it is assumed - has she said? you are right, normally it is assumed that l has she said? you are right, - normally it is assumed that whoeve

there's the truth social element of this. there's the merger that closed last week or is in the process of closing could start trading as a public company by tuesday or wednesday of this week. >> while those >> shares which are worth billions of dollars for donald trump, would technically be under a lock-up agreement four six months. you wouldn't be able to use it, wouldn't be able to sell them. he may be able to get a waiver to take out a loan against them right now that would be impossible without a waiver if the board gives them a waiver, that's another avenue, significantly less money, more time in opens up some options of perhaps didn't exist. >> le tell us did catch a break. i mean, he has ten days to fork over 175 million. there's still a lot of money, but yes, but oh my goodness, did he catch up? but the buildings may be safe. i mean for now for sure. i mean, so a couple of two big things happen. first, he got them extra time, ten days time has very valuable here, but the amount of the bond, yes, the post has been cut

the truth social subscriber base. it's been down about 39% over the, over the past year or so >> is this. >> what do you make of this valuation? >> the base claimed that >> could be worth billions of dollars. how do you see it? >> well, of course this is what's known as a spac special purpose acquisition corp, which has been utterly discredited on wall street in the last few years donald trump, unless they give him a waiver is going to be locked up from selling any of his shares for six months. and so even if he were to sell some of his shares, if he got that waiver and sold some shares beforehand before the normal lockup would have ended, mean he is so integral to this thing because there's nothing to it except for truth, social, which is you said is losing in a lot of money and really is only donald trump and his, and his tweets or whatever they're called on truth, social and so if he starts selling the stock that he owns in this company, it's going to drive the stock price down very, very quickly. they're very, ver

and what is this vehicle that was set up to launch truth social ? set up to launch truth social? as you pointed out , >> well, donald trump, as you know, as you pointed out, nigel was kicked off both twitter and facebook immediately following the 2020 election. in january 2021. and he set up, the, trump media and technology group. it was, there was a merger with digital world, which is a, which is a spac , and it finally got is a spac, and it finally got regulatory approval a couple of weeks ago, which allowed it to start trading on the nasdaq, this morning, the stock now is currently worth, $10 billion. president trump's stake is worth about 60% of that. so about $6 billion that that makes his net worth about $9 billion. and to put it in to perspective of the new york times it's worth about $7 billion. so conceivably if he could use the stock as currency , could use the stock as currency, president trump could buy the new york times , which would be new york times, which would be quite an irony. >> well, that certainly would be, wouldn't it? what, i mean, l, be, wouldn't it? wha