Outside investors in Trump Media & Technology Group have lost an estimated $2.2 billion as the company’s share price fell to a record low of $4.02. The decline reflects Truth Social’s cash burn and difficulty attracting users and advertisers, alongside falling values for the company’s cryptocurrency investments. Retail shareholders who bought shares expecting a Trump presidency to boost the business describe losses of nearly 90 percent; one investor put a fifth of his net worth into the stock, while another says a roughly $28,000 loss had been intended to support retirement. Some remain politically supportive but feel the family has benefited while ordinary investors have suffered.
The estimate compares the current share value with the prices at which shares were issued or sold by Trump Media, predecessor entities and insiders, adjusting for buybacks. Three finance professors reviewed the method as an accepted way to measure investment performance. Trump Media disputes the calculation but did not identify specific errors, arguing that public-market trading makes individual sellers’ profits or losses unknowable. President Trump’s 114.75 million shares, received without a cash investment in the 2024 merger, are now worth about $460 million, down from a peak paper value above $6 billion. The losses fit a wider pattern of Trump-branded ventures that have attracted political supporters’ money while exposing investors to substantial risk.
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Culper Research disclosed a short position in Nvidia, alleging that more than 20% of its fiscal 2026 compute revenue still came from China through diverted GPUs and Southeast Asian intermediaries. It cites alleged links among Alibaba, chip buyer Megaspeed, server assembler Aivres, and Chinese customers; these are claims by the short seller. (twitter.com)
Harvest’s new owner, Bending Spoons, raised one freelancer’s monthly price from $13.32 to $133.98 or added a 2% fee to payments on its cheaper plan. Harvest also replaced customer email support with AI-generated replies, prompting the author to seek another invoicing service. (aphyr.com)
OpenAI raised $11 billion at a $1.25 trillion valuation, below its reported initial target of $1.4 trillion. A second funding tranche of up to $9 billion remains unclosed despite the company reporting 70% quarter-over-quarter growth. (247wallst.com)
Democrats’ midterm victory sets up congressional investigations into Trump family crypto profits and industry ties, with new subpoena powers starting in January. The crypto sector spent nearly $200 million backing candidates, but many of its favored contenders lost. (ft.com)
Anthropic’s declining expected IPO valuation is raising questions about investor appetite for AI companies. Its public-market performance could influence valuations across the broader AI sector. (2tinteractive.com)
Fox has taken control of Roku’s streaming platform, which reaches more than 100 million US households. The acquisition gives Fox a major foothold in streaming distribution. (theverge.com)
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