Shares of Trump Media & Technology Group slumped to their lowest level ever Friday, the first trading day that its biggest shareholder, former U.S. president Donald Trump, is free to sell his stake in the company behind the Truth Social platform.
Shares of Trump Media, commonly called TMTG, tumbled almost eight per cent to close at US$13.55, putting the value of the company at less than $3 billion. Trump owns more than half of it.
Trump and other insiders in the company have been unable to cash in on the highly volatile stock due standard lock-up agreements that prevent big stakeholders from selling stakes for a set period after a company becomes publicly traded. TMTG began trading publicly in March.
Trump owns nearly 115 million shares of the company, according to filings with the Securities and Exchange Commission. Based on TMTG's share price early Friday, Trump's holdings are worth, at least on paper, about $1.6 billion. It's usually not in the best interest of big stakeholders to even attempt to sell large tranches of their stock because it could risk a broader sell-off.
Since going public, shares in Trump Media have gyrated wildly, often depending on news related to Trump, the Republican presidential nominee.
One week ago, the company's shares jumped nearly 12 per cent after Trump said he wouldn't sell shares when the lock-up period lifted. The stock dipped more than 10 per cent following the debate earlier this month between Trump and the Democrats' nominee, U.S. Vice-President Kamala Harris. In mid-July, shares climbed more than 31 per cent in the first day of trading following the first assassination attempt on Trump.
Trump Media & Technology Group Corp. is now worth considerably less than several months ago. When the company made its debut on the Nasdaq in March, the shares hit a high of $79.38. Friday's closing price represents a decline of 83 per cent from that peak.
Truth Social came into existence after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. Based in Sarasota, Florida, Trump Media has been losing money and struggling to raise revenue. It lost nearly $58.2 million last year while generating only $4.1 million in revenue, according to regulatory filings.
In part two of a three-part series into how thieves are able to drive off with modern vehicles so easily, CTV W5 correspondent Jon Woodward uses a device flagged by police to easily clone a car key.
The satirical news publication The Onion won the bidding for Alex Jones' Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax, the families announced Thursday.
South Africa's government says it will not help an estimated 4,000 illegal miners inside a closed mine in the country's North West province who have been denied access to basic supplies as part of an official strategy against illegal mining.
After losing the White House and both houses of Congress, Democrats are grappling with how to handle transgender politics and policy following a campaign that featured withering and often misleading GOP attacks on the issue.
European Union regulators issued their first antitrust fine to Facebook parent Meta on Thursday with a penalty of nearly 800 million euros for what they call 'abusive practices' involving its Marketplace online classified ads business.
Two B.C. real estate agents have been fined a combined total of more than $200,000 for professional misconduct they committed during the sale of a waterfront property on the Sunshine Coast in 2017.
One of India's most wanted terrorists has been arrested and charged in connection with a recent alleged shooting in Ontario.
Scotiabank users say they are having issues using their bank’s services following a scheduled maintenance period that ended days ago.
Amid a potential postal worker strike, here’s a look at how many letters and parcels the corporation delivers and how those numbers have changed in the internet age.
Two B.C. real estate agents have been fined a combined total of more than $200,000 for professional misconduct they committed during the sale of a waterfront property on the Sunshine Coast in 2017.
Police are responding to a derailment at a train yard in Longueuil, Que., on Montreal’s South Shore.
Amid a potential postal worker strike, here’s a look at how many letters and parcels the corporation delivers and how those numbers have changed in the internet age.
The inability to send and receive letter mail won’t be the main pitfall of a service disruption. The biggest concern for rural communities will be parcel delivery. Small communities often rely on online deliveries for items they cannot find locally.
A woman from B.C.'s Lower Mainland has been handed a $35,000 penalty after admitting she "carried on" as a mortgage broker in the preparation of 10 mortgage applications, despite lacking the necessary registration.
RCMP are expected to share details about a nation-wide rollout of a body-worn camera project from Ottawa, the same devices that Calgary police officers have been using for years.
A heavy police presence but few visiting fans are expected when France hosts Israel in Nations League soccer on Thursday, a week after violence erupted in Amsterdam in connection with an Israeli club team's visit.
Donald Trump has had few defenders in Congress as reliable as Matt Gaetz, who has thundered at one prosecutor after another for perceived bias against the president-elect and emphatically amplified the Republican's rallying cry that the criminal investigations into him are 'witch hunts.'
Female veterans fear the progress made for women in combat since then will be reversed after U.S. president-elect Donald Trump announced Pete Hegseth this week as his pick for secretary of defense – a Fox News host and Army veteran who has criticized efforts to allow women into combat roles.
NATO and the European Union are ramping up efforts to persuade China to help get North Korea to stop sending troops and other support to Russia to back its war on Ukraine.
After losing the White House and both houses of Congress, Democrats are grappling with how to handle transgender politics and policy following a campaign that featured withering and often misleading GOP attacks on the issue.
Just eight monkeys remain free from the group who more than a week ago broke out of a South Carolina compound that breeds the primates for medical research, authorities said.
U.S. president-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
Prime Minister Justin Trudeau is set to leave this afternoon for the APEC summit in Lima, Peru, followed by the G20 summit in Rio de Janeiro, Brazil.
In a column for CTVNews.ca, former Conservative Party political advisor and strategist Rudy Husny says that when Prime Minister Justin Trudeau goes to the G-20 summit next week, it will look more like his goodbye tour.
More than 800 million adults have diabetes worldwide – almost twice as many as previous estimates have suggested – and more than half of those aged over 30 who have the condition are not receiving treatment, according to a new study.
Medical experts agree that walking is an easy way to improve physical and mental health, bolster fitness and prevent disease. While it’s not the only sort of exercise people should do, it’s a great first step toward a healthy life.
At least 104 people have been sickened, with 34 hospitalized, in an outbreak of E. coli food poisoning tied to onions served on McDonald's Quarter Pounder hamburgers, U.S. health officials said Wednesday.
As humanitarian organizations encounter more people in need, they are also facing enormous funding shortfalls. The turn to artificial intelligence technologies is in part driven by this massive gap between needs and resources.
The U.S. government held another UFO hearing on Capitol Hill on Wednesday, the second such hearing in 16 months. This hearing was billed as an attempt by congress to provide a better understanding of what is known about previous sightings of UFOs, also known as UAPs (Unidentified Anomalous Phenomena).
Social media site Bluesky has gained one million new users in the week since the U.S. election, as some X users look for an alternative platform.
Taylor Swift is in Toronto to perform her first of six sold-out shows at the Rogers Centre tonight.
Taylor Swift has millions of fans worldwide, but Brampton, Ont.'s Jasmeet Sidhu has gotten closer to the musical icon than most.
A group of hotel service workers in Toronto is set to hold a rally today outside the Fairmont Royal York to demand salary increases as hotel costs in the city skyrocket during Taylor Swift’s concerts.
Scotiabank users say they are having issues using their bank’s services following a scheduled maintenance period that ended days ago.
European Union regulators issued their first antitrust fine to Facebook parent Meta on Thursday with a penalty of nearly 800 million euros for what they call 'abusive practices' involving its Marketplace online classified ads business.
The rate at which Canadian rental prices are increasing should slow in the coming years as the government's plan to cut back immigration numbers takes hold, a new report from Desjardins says.
In case you can't get enough of the little pygmy hippo Moo Deng from Thailand, there's now an official song featuring the internet's favourite baby animal — released in four languages for her global fans.
My Little Pony finally made it to the winner's circle.
Four years ago, Phill Hebb started up 'Phil’s Unique Birdhouses' and since then, they’ve made their way all across Canada and into the United States.
On Friday, Mike Tyson will don his gloves once again for a professional bout against 27-year-old YouTuber Jake Paul at AT&T Stadium, the home of the Dallas Cowboys, more than 7,000 days since his last professional outing.
Zach Collaros always sees room for improvement.
Excitement can be felt throughout Winnipeg these days as both the Winnipeg Jets and Winnipeg Blue Bombers have been dominating.
In part two of a three-part series into how thieves are able to drive off with modern vehicles so easily, CTV W5 correspondent Jon Woodward uses a device flagged by police to easily clone a car key.
When a Tesla crashed on Lakeshore Boulevard in Toronto last month, the first people on scene knew there were occupants inside but couldn't immediately get them out.
Almost four out of five Canadian drivers switch to winter tires when the weather calls for them, according to a new survey.
Some Calgary residents caught what appeared to be a meteor streaking across the sky early on Wednesday morning.
Four years ago, Phill Hebb started up 'Phil’s Unique Birdhouses' and since then, they’ve made their way all across Canada and into the United States.
A New Brunswick fashion designer recently won the top prize at a national event for a dress she made using an unconventional material.
Dr. Ronald Weiss, who performed nearly 60,000 vasectomies on Ottawa men, establishing him as the "Wayne Gretzky" of the procedure, has died.
A congestion crisis, a traffic nightmare, or unrelenting gridlock -- whatever you call it, most agree that Toronto has a congestion problem. To alleviate some of the gridlock, the Ontario government has announced it plans to remove bike lanes from three major roadways.
For the second year in a row, the ‘Gift-a-Family’ campaign is hoping to make the holidays happier for children and families in need throughout Barrie.
Some of the most prolific photographers behind CTV Skywatch Pics of the Day use the medium for fun, therapy, and connection.
A young family from Codroy Valley, N.L., is happy to be on land and resting with their newborn daughter, Miley, after an overwhelming, yet exciting experience at sea.
As Connor Nijsse prepared to remove some old drywall during his garage renovation, he feared the worst.
The public is being invited to share messages in memory of late B.C. premier John Horgan this week.
A woman from B.C.'s Lower Mainland has been handed a $35,000 penalty after admitting she "carried on" as a mortgage broker in the preparation of 10 mortgage applications, despite lacking the necessary registration.
A pedestrian was injured after being hit by a vehicle Wednesday afternoon in New Westminster, police say.
Police say an officer who forcefully removed a 'weapon' from a protester outside of a Hindu temple in Brampton was acting 'within the lawful execution of his duties' after bystander video of the incident circulated widely online.
Taylor Swift is in Toronto to perform her first of six sold-out shows at the Rogers Centre tonight.
Toronto police will be providing an update this morning on the gun battle that erupted in Toronto’s West Queen West neighbourhood on Monday night.
Dozens of cats and two dogs have been rescued from rural property by a Calgary-based animal charity.
RCMP are expected to share details about a nation-wide rollout of a body-worn camera project from Ottawa, the same devices that Calgary police officers have been using for years.
We are almost half way through November and so far overall conditions have been warm and dry. That trend isn’t expected to change anytime soon for southern Alberta.
U.S. president-elect Donald Trump's incoming border czar is calling one of Canada's busiest border crossings in eastern Ontario an "extreme vulnerability" for the United States as he intends to crack down on illegal immigration and increase border agents across the U.S.-Canada border.
An 18-year-old Toronto man is facing charges after allegedly making hundreds of threats towards a medical clinic operating in the Ottawa suburb of Orleans.
Ottawa Police are set to provide information Thursday about an 18-month investigation that concluded this week.
Police are responding to a derailment at a train yard in Longueuil, Que., on Montreal’s South Shore.
A Montreal man was pricked by a dirty needle while picking up his keys that had fallen in a pile of leaves.
Quebec’s crown prosecutors sent online ticket reseller Billets.ca more than two dozen fines for selling concert tickets at a higher price than the seller authorized.
A local wheelchair user is drawing attention to the vast differences in accessibility features at Edmonton concert venues.
A bit of sunshine in the Edmonton area this morning, but it won't last long as clouds take over for most of today.
Edmonton superstar Connor McDavid enters the Oilers' game Thursday night against Nashville with 999 points.
The director of a democracy watchdog says that if Nova Scotia's electoral officer had more power to levy fines, it would discourage situations such as campaign managers giving Tim Hortons gift cards to voters.
Nova Scotia's Liberal party is promising to improve cellphone service and invest in major highways if the party is elected to govern on Nov. 26.
NB Power says customers should have a better idea soon about how much more they’ll be paying on utility bills, following last week’s approval of a nearly 20 per cent increase over two years.
A crash on Chief Peguis Trail is causing Thursday morning traffic delays.
The Crown has stayed sex charges against a Roman Catholic priest in Manitoba on the second day of his trial.
CFL fans down under are preparing to take in the Grey Cup – Canadian style.
Chad Bachynski will be Regina's next mayor, after defeating incumbent Sandra Masters, who was vying for a second term.
Regina's projected new city council will consist of eight new members with more than a handful of outgoing councillors not seeking re-election and two incumbents being defeated Wednesday night.
Wednesday, Nov. 13 saw a wave of civic elections across southern Saskatchewan with victories and upsets all over. Here are the preliminary results for some of the smaller urban centres.
Amazon says its new fulfillment centre in Cambridge, Ont. is the first-of-its-kind in the country.
A Toronto teen has been charged as part of an investigation into Kitchener, Ont.’s first homicide of 2024.
The family of a young Kitchener woman, who died Sunday from a rare bile duct cancer, is promising her quest to get provincial funding for a drug that helped extend her life will continue.
Cynthia Block is the 29th mayor of Saskatoon, and the first woman elected to the position in the city's history.
After 12 years under Greg Dionne, the City of Prince Albert has a new mayor.
A private school employee accused of hitting a seven-year-old student in the head with a relay baton had her assault charge dropped on Wednesday in Saskatoon provincial court.
South Africa's government says it will not help an estimated 4,000 illegal miners inside a closed mine in the country's North West province who have been denied access to basic supplies as part of an official strategy against illegal mining.
Sexist and abusive attacks on women, like 'your body, my choice' and 'get back to the kitchen,' have surged across social media since Trump’s reelection.
A northern Ontario couple has been charged in the death of their three-month-old baby girl who was found in September 2022 with no vital signs.
Hydro One has identified a preferred route for a transmission corridor to supply the Volkswagen electric vehicle battery plant in St. Thomas, Ont. While the corridor now appears inevitable, officials are continuing to take feedback on the plan.
“InsuJet [is] the first device to Canada that actually has no needles,” said Daphne Lapenna of Sol-Millennium Medical Ltd. who is introducing the product to Canada on Thursday evening at Banting House.
Testimony at a London courthouse continued Wednesday, as London Police Detective Jim MacLachlan took the stand in the seventeenth day of evidence in the case of the murder of Josue Silva.
An Everett, Ont. woman finds herself in a bit of a dog fight with the Township of Adjala-Tosorontio after being told she has too many puppies.
One Barrie resident was faced with an unexpected surprise after their return home on Tuesday night.
A Highway 400 exit ramp in Barrie was closed for nearly 24 hours following reports of a sinkhole.
A Windsor resident is asking for the public’s help to capture two injured foxes roaming in the east end of the city.
LaSalle police have charged a 43-year-old man with stunt driving after allegedly going over double the speed limit.
The LaSalle Police Service has recovered a body from the Detroit River.
A woman from B.C.'s Lower Mainland has been handed a $35,000 penalty after admitting she "carried on" as a mortgage broker in the preparation of 10 mortgage applications, despite lacking the necessary registration.
A proposed class-action lawsuit against the Canadian government says Indigenous people removed from their communities and placed in group homes beginning in the 1950s suffered physical, sexual and psychological abuse that "was commonplace, condoned and, arguably, encouraged."
A push is on to permanently memorialize B.C.'s former premier, the man known to many as 'John from Langford,' in the Vancouver Island city.
A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail.
The emergency department at South Okanagan General Hospital in Oliver, B.C., will be closed for 31 hours this weekend, the second such closure in a week and the third since the start of November.
Police in Kamloops, B.C., are reminding parents and guardians to check their children's Halloween candy after receiving a report of a mother finding a razor blade in one of her daughter's treats.
Drivers are being asked to avoid the scene of a serious crash near Drumheller, Alta.
Lethbridge police say a number of arrests have been made following an investigation on Thursday morning.
Lethbridge police have charged two people in connection with a weekend carjacking that saw a stolen vehicle driven dangerously throughout the city.
A victim who tried to intervene as two people stole items from a Sault business Tuesday was threatened with a machete.
A northern Ontario couple has been charged in the death of their three-month-old baby girl who was found in September 2022 with no vital signs.
An experienced winter hiker and their dog were rescued over the weekend by helicopter in northeastern Ontario after being reported missing from Killarney Provincial Park, police say.
Police in Newfoundland say a man was electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L.
On Thursday morning, Dave Penny officially ended a suggested hundred-day isolation period that followed his diagnosis and stem cell treatment for non-Hodgkin's Lymphoma. On Thursday night, Penny returned to a stage at a downtown St. John's bar, regaling a small crowd with songs and stories with a distinctive Newfoundland flair.
A Memorial University scientist says the mysterious white blobs washing up on Newfoundland beaches are actually gobs of plastic -- and they need to be cleaned up.
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
