Trump Media Stock Decline

Trump Media company, led by former President Donald Trump, has seen a significant decline in its stock price due to a weekslong sell-off. The company's shares fell around 13% in a volatile trading session, with the price dropping more than 40% since the start of June. Trump's majority ownership in the company has also seen a substantial loss in paper value.

Trump Media Stock Price Plunge

Trump Media's stock price plunged by more than 17% in after-hours trading after the SEC declared registration of additional shares effective. The company anticipates raising up to $247 million in proceeds if all warrants are exercised. CEO Devin Nunes expects to pursue TV streaming and potential mergers with the funds.

Bumble dating app changing its feature

Bumble dating app allows men to initiate conversations after 10 years of only allowing women to make the first move. This change comes as the app's stock price plummets and employees are laid off.

Warner Bros. Discovery's Battle for NBA Broadcast Rights

Warner Bros. Discovery faces potential loss of NBA broadcast rights, leading to a significant drop in stock price. The company's struggle to compete with streaming platforms like Netflix is highlighted.

Warner Bros. Discovery Stock Price Decline

Warner Bros. Discovery stock price has drastically declined due to concerns about its streaming and cable business, despite owning popular brands like CNN and HBO. The company faces challenges from the decline in cable subscriptions and increasing competition from platforms like Netflix and TikTok. However, its direct-to-consumer segment is growing with over 97.7 million subscribers. Warner Bros. Discovery also faces significant debt but is seen as undervalued compared to its peers. The stock is currently in a bearish trend but shows signs of a potential bounce back.

Tesla Layoffs

Tesla has laid off hundreds of employees, including senior executives and most of its Supercharging team, amidst challenges like declining profit margins, increased competition, and reputational issues. The layoffs are part of Elon Musk's cost-cutting plan following a previous layoff of 14,000 workers. The company is facing tough times with stock price drops, lower demand for EVs, and ongoing investigations into its Autopilot feature.

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.

Truth Social Goes Public

Former President Donald Trump's social media company, Truth Social, went public, providing him with a financial boost. However, the company's fundamentals do not justify the stock price, with low revenue and high losses. Analysts predict the stock price could plummet if Trump sells his shares or if he loses his bid to retake the White House.