November 18, 20240 Comments

Trump Media & Technology Group in talks to buy Bakkt: FT By Investing.com

Investing.com –Donald Trump’s social media company, Trump Media & Technology Group is advanced discussions to buy digital asset marketplace Bakkt in an all-stock deal, the Financial Times reported on Monday, citing people familiar with the matter. Trump’s Truth Social platform-parent Trump Media & Technology Group , which as been seeking to diversify its offerings beyond social media, recently launched crypto venture, World Liberty Financial.  President-elect Trump has previously positioned himself as pro-cryptocurrency on the

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November 18, 20240 Comments

More Americans get news from social media influencers

About 1 in 5 Americans say they regularly get their news from “news influencers” on social media, according to a new study by the Pew Research Center. The rise of social media personalities doling out information was particularly true among the youngest users, and comes at a time of heightened polarization surrounding the U.S. presidential election. “We thought about news influencers as sources of authority to their audiences about what’s

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November 16, 20240 Comments

Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end

Liberty Media announced Wednesday that it’s spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. Chairman John Malone will become interim CEO of Liberty Media. Liberty Media’s investor day is set to take place on Thursday in Manhattan. While the 83-year-old Malone will once again take the reigns as CEO, the

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November 16, 20240 Comments

Major Trump Media shareholder sells nearly entire stake By Reuters

(Reuters) – Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September. Orlando was the former CEO of the blank-check company Digital World Acquisition (NASDAQ:) that took Trump Media

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November 11, 20240 Comments

Tesla, Coinbase and Trump Media rise premarket; Sapiens slumps By Investing.com

Investing.com — US stock rose Monday, at the start of the new week that includes key inflation data as well as an abundance of Federal Reserve speakers. Here are some of the biggest premarket US stock movers today: Tesla (NASDAQ:) stock rose 7% after the EV manufacturer’s valuation closed above the $1 trillion mark on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald

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November 9, 20240 Comments

Australia plans social media ban for under-16s

Australia’s government says it will introduce “world-leading” legislation to ban children under 16 from social media. Prime Minister Anthony Albanese said the proposed laws, to be tabled in parliament next week, were aimed at mitigating the “harm” social media was inflicting on Australian children. “This one is for the mums and dads… They, like me, are worried sick about the safety of our kids online. I want Australian families to

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November 9, 20240 Comments

Here’s how Rosenblatt thinks Trump’s win could impact these internet media stocks By Investing.com

Investing.com – With Donald Trump now set to return to the White House for a second four-year term and Republicans taking hold of at least the Senate, investors are attempting to assess how the US president-elect’s policies and a conservative control of Congress could impact a range of industries. At Rosenblatt, analyst Barton Crockett offered some initial thoughts on how the outcome of the momentous Nov. 5 election will affect these

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November 9, 20240 Comments

Trump Media shares jump after Trump says he won’t sell By Reuters

By Caroline Valetkevitch and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Shares of Trump Media & Technology Group gained on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform. In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares a day after the stock slumped. “There

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November 8, 20240 Comments

Musk joined Trump’s call with Ukraine’s Zelenskiy, media reports say By Reuters

WASHINGTON (Reuters) – Elon Musk joined a congratulatory call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskiy on Wednesday, according to media reports. During the 25-minute call, Trump told Zelenskiy he would support Ukraine, without providing details, while Musk said he would continue to support the country with his Starlink satellites, Axios reported, citing unidentified sources. News of the call comes as Trump moves closer to choosing his top

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