Donald Trump Urges Support for Truth Social Amid Stock Decline

Donald Trump urges followers to support his social media app Truth Social as its parent company's stock continues to decline. Despite the stock's drop, Trump Media still has a market capitalization of over $4.2 billion. Trump owns more than 57% of the company's stock but is barred from selling until a six-month lockout period expires.

Trump Media Stock Price Decline

Trump Media's stock price fell by 5.4% as of Thursday, with former President Trump owning the majority of shares. The company's market capitalization is $4.43 billion, despite low revenue and a net loss in 2023.

Criticism of Trump Media by Barry Diller

IAC and Expedia Chairman Barry Diller criticized Trump Media calling it a scam with no revenue, despite its high stock price. Trump Media has a $6.4 billion market cap with only $4.1 million in revenue and reported net losses of $58 million in 2023.

Trump Media Financial Report

Trump Media's share price plummeted after reporting a significant net loss of $58.2 million on revenue of $4.1 million in 2023. Despite the loss, the company's market capitalization remained high. Trump's involvement in the company poses unique risks, as indicated in the 8-K filing. He owns a majority stake in the company and stands to receive additional shares over the next three years.

Tesla's Market Capitalization Ranking in the U.S.

Tesla Inc. dropped out of the top 10 largest U.S. companies by market capitalization after 13 months, now behind Visa Inc.

Stock Market Surge on Nvidia's Strong Outlook

Stocks climbed globally after Nvidia Corp.'s strong outlook reignited the artificial-intelligence frenzy. Treasury yields rose as jobless claims dropped. Nvidia's market capitalization could increase by $250 billion, setting a record. Investors are advised to hold or buy Nvidia stock on dips.

The Dominance of the 'Magnificent 7' U.S. Tech Giants

Deutsche Bank research shows that the 'Magnificent 7' U.S. tech giants have greater financial might than almost every other major country in the world. The concentration of profits and market capitalizations in these companies has led to concerns over related risks in the U.S. and global stock markets.