Tag: Media
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TikTok removes Russian state media outlets RT and Sputnik, citing ‘covert influence operations’
TikTok said Monday it had removed accounts belonging to the Russian state media outlets RT and Sputnik for engaging in what it called “covert influence operations.” The social video app said in a statement on its website that it removed accounts associated with TV-Novosti and Rossiya Segodnya, the parent organizations of the RT television network…
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Trump Media plummets 10% as post-lockup selloff picks up steam
Shares of Trump Media sank Monday to their lowest price since 2021, days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social operator. The stock, which appears as DJT on the Nasdaq, closed more than 10% lower in a frenzied trading session, settling at $12.15 per share and notching the company’s sixth straight…
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Trump Media closes at a new 52-week low, as Dow finishes week at record high
Shares of Trump Media fell to a new 52-week low Friday, closing down 7.82%, at $13.55 per share, just one day after “lockup” restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares. Trading volume was heavier than average on Friday, with nearly 20 million shares changing hands before…
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Judge rules Trump Media breached stock contract with early investor
Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled. The order in Delaware Chancery Court on Monday came just three days before the investor, ARC Global, and other insiders — including majority-owner Donald Trump — will be free to…