Trump Media stock continued its strong downward trend, reaching its lowest level on record as headwinds jumped. DJT fell to $6.9, down by 60% from its highest point this year and 33% below its highest point in August.
President Donald Trump named Katie Zacharia as the next White House press secretary. Zacharia has worked since June as a senior communications advisor for Trump Media, owner of the president's preferred social media outlet, Truth Social, according to her LinkedIn profile.
The White House has tapped Katie Zacharia to be its next press secretary, a White House official confirmed to CNBC. In this article DJT
A teleconference court hearing on President Donald Trump's ban of three media outlets from the White House began. Judge Timothy Kelly is considering a request by the outlets — MS NOW, CNN and Politico — to block Trump from continuing to bar them from the White House.
Tuesday's session opened with a clean risk-off signal across rate-sensitive corners of the market, and speculative small caps are absorbing the brunt of it.
Interim CEO Kevin McGurn at Trump Media & Technology Group (NASDAQ:DJT) used a television appearance on CNBC to defend the company's newest revenue product, the Truth API, describing the underlying technology as standard practice across large social platforms.
Trump Media interim CEO Kevin McGurn defended his company offering faster access to President Donald Trump's Truth Social posts. More customers have signed up for the pricey and controversial service, McGurn told CNBC's "Squawk Box.
Trump Media stock has come under intense pressure this month as it continued to underperform the broader market. DJT dropped to $8, its lowest level since July 8 and 40% lower than where it started the year.
President Trump has an unprecedented array of income streams pouring right into the Oval Office, but a lucrative new scheme may run afoul of the Constitution.
Donald Trump was sued on Wednesday by two media entities seeking to shut down a new service that sells paid access to the U.S. president's posts, including some that can move markets, on his Truth Social platform.
This is a developing story.
President Donald Trump was sued over the controversial sale of advance notifications of his posts on Truth Social. "This scheme is extraordinary, corrupt, and unconstitutional, and Plaintiffs bring this case to stop it," the suit in a federal court in New York says.