Investors accuse Florida businessman Patrick Orlando of diverting millions of Trump Media shares from them.Orlando was the CEO of the blank check firm that helped take Trump Media public.Plaintiffs say in a lawsuit that Orlando "engaged in malicious and intentional self-dealing." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite top ...

Republican presidential nominee, former U.S. President Donald Trump arrives to speak with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.Donald Trump has never been shy about touting his accomplishments. Yet after achieving what is arguably the greatest political feat of his career, the new president-elect has so far been silent on the social media platforms where he is normally a ubiquitous presence.As of T ...

Donald Trump won the 2024 presidential election. So why is Trump Media stock sinking? Trump Media (DJT -21.57%) stock is seeing big sell-offs in Thursday's trading. The company's share price was down 20.4% as of 2:45 p.m. ET. Despite Donald Trump's victory in the presidential election, Trump Media stock is losing ground today. While there isn't any new business-specific news for the company or unfavorable political developments for Donald Trump, the social media specialist's share price is moving lower as i ...

Republican presidential nominee and former U.S. President Donald Trump speaks as he participates in an interview with billionaire entrepreneur Elon Musk on the social media platform X, at Mar-a-Lago in Palm Beach, Florida, U.S., August 12, 2024 in this picture obtained from social media.The stock dropped nearly 14% in the premarket, following a 5.9% pop on Wednesday after the Republican was elected the 47th president of the United States and is set to return to the White House for another four years.Shares ...

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Donald Trump has been announced as the winner of the 2024 presidential election, and Trump Media stock is surging.Trump Media (DJT 6.01%) stock is climbing in Wednesday's trading. The company's share price was up 8% as of 11:45 a.m. ET and had been up as much as 34.9% earlier in the day's trading.Trump Media stock has often made big moves in conjunction with events in the 2024 presidential election. With voting now concluded and victory being called for Donald Trump, the company's share price is surging.Las ...

US markets soared during early trading Wednesday morning in a robust market reaction to the election, as former President Trump defeated Vice President Kamala Harris in a decisive victory. The Dow leapt 3.3%, while the S&P 500 and Nasdaq both advanced about 2.1%.Despite rising political tensions lately, stocks were eerily calm heading into the election. The market’s level of uncertainty peaked prior to the outcome, with the volatility (VIX) index plunging nearly 7% during Tuesday’s session and another 23% o ...

ToplineDonald Trump’s election victory sent shares in Trump Media & Technology Group soaring on Wednesday, a market shift that added nearly $300 million to Trump’s fortune as he secured his second presidency.The stock rallied from Trump’s victory, despite an earlier earnings report showing the company lost ... [+] money.Copyright 2024 The Associated Press. All rights reserved Key FactsShares of Trump Media increased by nearly 8% to just under $37 as of around 11 a.m. EST, following an earlier surge in prema ...

Key TakeawaysShares of Trump Media and Technology Group jumped with former President Donald Trump set to win re-election to the White House.The social-media company’s shares were recently trading at around $40, more than 17% above Tuesday's close. The move would extend a jump off fall lows below $12 that has been marked by big swings in the company's value. Shares of Trump Media and Technology Group (DJT) jumped in early Wednesday trading with former President Donald Trump set to win re-election to the Whit ...

Key TakeawaysShares of Trump Media and Technology Group (DJT) jumped in premarket trading with former President Donald Trump set to win re-election to the White House.The social-media company’s shares were recently trading at around $45, indicating an open more than 30% above Tuesday’s close.The move would extend a jump off fall lows below $12 that has been marked by big swings in the company's value. Shares of Trump Media and Technology Group (DJT) jumped in premarket trading with former President Donald T ...