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With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares
- Trump Media plans to buy back $400 million of its own shares, which could include both common stock and warrants, executed through open market transactions.
- The company reported a net loss of $400.9 million on $3.6 million in annual revenue for the year, according to Trump Media & Technology Group.
- CEO Devin Nunes called bitcoin a 'crown jewel' and described the buyback as a defense against 'discrimination by financial institutions' towards conservative businesses.
- Trump Media operates Truth Social and Truth+, platforms aimed at promoting free expression and family-friendly content amid censorship from Big Tech.
35 Articles
35 Articles
Trump Media and Technology Group, the brain behind Truth Social, has announced a bold financial movement: the repurchase of up to $400 million in shares.Although the news came to light on Monday, the company was already grappling with a remarkable 46% loss in the value of its shares this year.With this step, they hope not only to withdraw the purchased shares, but also perhaps to inject a little life into their battered valuation.In the words of…
Associated Press News
With its stock in sharp decline, Trump's media company will buy $400 million of its own shares
President Donald Trump’s media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year.
Trump Media to buy back up to $400m in common stock
The Florida-based media and tech firm said the buyback initiative may involve acquiring both common shares and warrants through open market transactions. All repurchased securities will be permanently retired, signaling confidence in the company’s long-term value.
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