Could an X and Truth Social merger be in the works? Why some believe the Musk-Trump partnership could go beyond politics [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
“I would suspect he would try to merge Truth Social” with X, tech journalist Kara Swisher said on CNN last week. “They could merge them and make it a meme stock and make a lot of money for themselves. That could be interesting and incredibly corrupt,” she added. New York University professor Scott Galloway said on the podcast Pivot last Friday that a merger could be a way “to funnel billions of dollars from Musk to Donald Trump, legally, as far as I can tell.” The former president is the majority shareholder of the Trump Media & Technology Group – the parent company of Truth Social while Musk owns X, formerly known as Twitter. While the sites technically operate in the same microblogging sphere, that doesn't seem to have stopped the two men from forming a political partnership. The director of the Center for Communication and Public Policy at Northwestern University, Erik Nisbet, told Fortune that “X's content has moved closer to Truth Social, since Musk took over.” “His
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- Major Trump Media shareholder sells nearly entire stake [Yahoo! Finance]Yahoo! Finance
- Major Trump Media Shareholder Offloads Nearly Entire Stake [Forbes]Forbes
- Trump Media Insiders Sell More Than $16 Million In DJT Stock [Yahoo! Finance]Yahoo! Finance
- Asia markets poised to climb after Wall Street falls on Fed Chair Powell's comments; China data in focus [CNBC]CNBC
DJT
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 8-K
- 11/12/24 - Form 4
- DJT's page on the SEC website