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Trump Media Has a Bold Plan to Regain Confidence

gizmodo.com Luc Olinga 2026-02-27 20:56:45

Trump Media and Technology Group, the company behind Truth Social, announced an ambitious new financial strategy on Monday: it’s going to spend up to $400 million to buy its own stock. In a press release, CEO Devin Nunes framed the move as a resounding “vote of confidence in our Company, our stock, and our strategic plans.” With approximately $3 billion in cash on its balance sheet, Nunes argued, the company has the flexibility to take actions that “support strong shareholder returns.” But in

Topics: company media million stock trump
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Super Micro shares fall on planned $2 billion convertible debt offering

cnbc.com Kif Leswing 2026-02-28 05:00:48

Super Micro Computer shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in 2030. A company's stock often falls on the announcement of a convertible offering because the eventual conversion to equity could dilute existing shareholders' stakes. Super Micro, which has seen its business boom due to soaring demand for Nvidia's artificial intelligence processors, said in a press release that it plans to use the proceeds from the off

Topics: ai company micro stock super
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Trump Media approves $400 million stock buyback

cnbc.com Mackenzie Sigalos 2026-03-01 05:28:53

U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Trump Media & Technology Group , the parent company of Truth Social, Truth+, and the fintech platform Truth.Fi, said Monday its board has approved a stock buyback of up to $400 million. Trump Media stock rose about 3% on the news premarket. The Florida-based company, which trades under the ticker DJT on both Nasdaq and NYSE Texas, said the b

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I Ordered a Switch 2 From Verizon. It Didn't Go Well

cnet.com See Full Bio 2026-03-01 06:00:08

Back on June 5, the Switch 2's launch day, I wrote about Belkin's new accessories for Nintendo's latest game console. I noted I hadn't tried the Belkin accessories yet with my Switch 2; I ordered my console from Verizon, and it wasn't scheduled to arrive until the following day. My Switch 2 didn't arrive on June 6. Or the day after. Or a week later. Or ever. It didn't take a genius to figure out what had happened: Verizon, a company that you don't typically associate with selling game consoles

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Grifin secures $11M to make investing less intimidating

techcrunch.com Lauren Forristal 2026-03-08 05:00:00

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured an $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,

Topics: grifin investing stock users ventures
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Tesla Stock Plummets as Company Abruptly Halts Production of Cybertruck and Model Y

futurism.com Unknown 2026-03-09 00:59:04

Tesla is pausing production of the Cybertruck and its newly-retooled Model Y, and the stock market is already responding. On the heels of a new Business Insider report about the production shutdown, which is purportedly slated for the week of June 30 based on insider interviews, the company's stock fell to about $316, which was almost four percent lower than it was at the start of the day. To make matters worse, Tesla stock was already sliding thanks to CEO Elon Musk's Robotaxi pilot being push

Topics: cybertruck musk production stock tesla
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Grifin secures $11M to make investing less intimidating for its female user base

techcrunch.com Lauren Forristal 2026-03-09 01:00:00

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured a $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,0

Topics: grifin investing stock users ventures
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Anne Wojcicki has a new offer to take 23andMe private, this time for $74.7 million

cnbc.com Ashley Capoot 2025-11-12 02:43:50

23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled genetic testing company private, according to a Friday filing with the U.S. Securities and Exchange Commission. Wojcicki and New Mountain have offered to acquire all of 23andMe's outstanding shares in cash for $2.53 per share, or an equity value of approximately $74.7 million. The company's stock closed at $2.42 on Friday with a market cap of about $65 million. The offer comes after a turbulent y

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Nvidia's RTX 5070 Ti vanishes in seconds as supply woes continue

techspot.com Daniel Sims 2025-11-12 02:20:00

Facepalm: After Nvidia's RTX 5090 and 5080 faced immediate shortages, consumers hoped that the company's new mid-range graphics cards would at least stay in stock for more than a millisecond. Unfortunately, the RTX 5070 Ti sold out just as quickly, and reports suggest that the RTX 5070 and 5060 may face similar supply issues. As the RTX 5070 Ti officially "launched" on February 20, screenshots of storefronts revealed just how quickly every model sold out. Screenshots of Newegg's front page, ta

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Nvidia’s Big Plan to Beat Back RTX 5090 Scalpers Is the Same as Everybody Else’s

gizmodo.com Kyle Barr 2025-11-12 00:43:13

The markup on Nvidia’s $2,000 GeForce RTX 5090 and $1,000 RTX 5080 GPUs has reached new heights. Cards fly off store shelves as soon as they’re posted online, and then they end up on eBay and other reselling platforms at a 50% or 150% markup. Nvidia’s new plan to help you get an FE card for the base price involves entering your name in a raffle and hoping your name gets drawn out of a hat. Nvidia’s process is very simple. As noted on its official forums Wednesday, anybody with a Nvidia account

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