With its stock in sharp decline, Trump's media company will buy USD 400 million of its shares

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ith its stock in sharp decline, Trump's media company will buy USD 400 million of its shares<BR>PTI News<BR>Dated:- 23-6-2025<BR>PTI<BR>New York, Jun 23 (AP) President Donald Trump's media company plans to buy back up to USD 400 million of its stock, which have lost 46 per cent of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform, said Monday....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... that the acquisition will improve its financial flexibility. It will retire the shares after they are purchased, meaning these particular shares can't be reissued. Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Trump is the largest stakeholder in Trump Media, with about 114 million shares. Shares of Trump Media rose just over 2 per ce....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since. The company said early this year that it lost USD 400.9 million in 2024 and its annual revenue declined 12 per cent to USD 3.6 million. After winning the US presidential election in November, Trump transferred all of his shares in the co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mpany — worth around USD 4 billion on paper — as a gift to the Donald J. Trump Revocable Trust. Trump's shares amounted to more than half of the company's stock. The company said Monday that it will fund the buyback separately from its Bitcoin treasury strategy. Under that plan, institutional investors will buy USD 2.5 billion in the company's stock with the proceeds going to build up a bitc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oin reserve. Trump Media joins other companies with similar cryptocurrency strategies, including cloud and mobile software developer MicroStrategy, which is building a reserve containing billions worth of bitcoin. (AP) GRS GRS<BR> News - Press release - PIB....