Stockreport
Devin Nunes is no longer CEO of Truth Social after 67% stock plunge wipes out $6 billion in market cap [Fortune]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
After soaring shortly before Trump's re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth. Trump Media was formed by the Trump family as an alternative to social media giants that had barred him from posting on their platforms after the January 6, 2021 Capitol riots. It said it would not only take on Facebook and Twitter as a “free speech” alternative, but eventually could become a media giant competing with streaming services such as Netflix The stock soared, but it never gained traction with a wide audience despite the president's frequent use of it for major political announcements, slammed by government ethics experts as a conflict of interest with the presidency. Since it went public two years ago, Trump Media has lost more than $1.1 billion. Nunes got total compensation of $47 million in 2024, the last year for which figures are available. The new CEO McGurn said in statement that the company was “poised to t
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