Tag: Donald Trump

Shares of Trump Media fell 10% on Wednesday, causing the company's market capitalization to fall below $5 billion for the first time since its IPO.

Trump Media, the parent company of Truth Social, fell off a cliff after filing its regulatory filing, illustrating one of the market's basic rules.

Traders and investors are looking to global interest rate cuts and a heated U.S. election to yank global currency markets out of their worst slump in nearly four years. Measures of both historical and expected volatility - how much prices move over a set period of time - have slumped in recent months as the world's biggest central banks stayed put, depriving foreign-exchange traders of access to the divergent movements among regional bond yields they rely on. Deutsche Bank's closely watched implied currency volatility gauge is near a two-year low, not far off its pre-outbreak level.

Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly publicized parent company of Trump's "truth social" platform. The former U.S. president of agriculture's lawsuit was filed in a Florida court on March 24, and follows a lawsuit filed in February by Andy Litinsky and Wes Moss, the two co-founders of the name. In the lawsuit, Trump claims that Litinsky and Moss, both former contestants on Trump's reality TV show The Apprentice, mishandled an attempt to take Trump Media public a few years ago, allegedly putting the entire project "on hold" for over a year and a half.

Mohammed Al Shalloudi, a 21-year-old graduate data analyst in the United Arab Emirates, invested in Donald Trump's social media company, but he has little in common with the former U.S. President of the Republic's political supporters. Al Shalloudi bought shares of Trump Media and Technology Group (TMTG), but not because he believed in the business of the company's app, Truth Social, or because he was a Trump fan. Al Shalloudi said he bought at $37 per share and cashed out at $65 per share over the weekend, returning 76% on his $4,000 investment in just a few days.