May 17, 2024
Finance

Trump Media stock tanks on move to issue millions of shares

Trump Media & Technology Group (DJT) stock continued to fall Tuesday after sinking 18% on news the parent company of Donald Trump’s social media platform Truth Social had filed to issue more than 21 million shares. The stock slid to close at $26.61 on Monday in an extension of last week’s sell-off and fell over

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Finance

Reddit prices shares at $34 in highly anticipated IPO

Reddit priced its initial public offering at $34 per share, the higher end of its expected range, valuing the social media platform at roughly $6.4 billion. The stock as of 12:05 PM Eastern on Thursday was indicated to open anywhere between $50 and $52 per share. The company’s debut on the New York Stock Exchange

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Finance

Reddit reveals FTC inquiry into deals licensing its users’ data for AI training

FILE – The Reddit app icon is seen on a smartphone on Feb. 28, 2023, in Marple Township, Pa. Reddit said Friday, March 15, 2024, that the Federal Trade Commission has opened an inquiry into the social platform’s sale, licensing or sharing of user posts and other content to outside organizations for use in training

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