Trump Media says its second-quarter revenue plunged 30% to under $900,000
CBSN
Trump Media and Technology Group, the social media business owned by former President Donald Trump, said its second-quarter revenue plunged 30% to $836,900 from a year earlier.
The company, whose main asset is the social media network Truth Social, also reported losing $16.4 million during the quarter, representing a narrower shortfall from its $22.8 million loss in the year-earlier period, according to a Friday regulatory filing.
Trump Media, which trades under the ticker DJT — Trump's initials — has drawn a base of small investors who are acolytes of the former president, with many following the stock's ups and downs on Truth Social. While company shares have plunged 51% in the last three months, Trump Media still commands a valuation of about $5 billion, according to financial data firm FactSet.
Washington — A federal judge in Seattle temporarily blocked President Trump's new executive order that seeks to eliminate birthright citizenship.
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Nominations for the 97th annual Academy Awards are being announced Thursday morning after being delayed twice due to the Los Angeles area wildfires.
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Meta is denying claims circulating on social media that it forced Facebook and Instagram users to follow President Trump's official accounts, saying the changes some users noticed were standard practices tied to the transition of the POTUS account from the previous administration to the incoming one.