media
Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, announced it has raised $105 million from the exercise of warrants between June 20 and July 1, 2024. This amount surpasses initial expectations by 51%, providing a significant boost to the company’s financial standing. Unrestricted cash strengthens financial positionTMTG reported that approximately $41 million of previously restricted cash has now become unrestricted. As a result, as of July 1, 2024, the company holds more than $350 million in cash with no debt on its balance sheet. This development comes...
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AMC (NYSE: AMC) stock price continued to underperform the market in the first half of the year amid rising dilution concerns. It crashed by over 18.6% while the S&P 500 and Nasdaq 100 indices rose by over 15%. AMC’s performance was a continuation of what has been happening since it peaked at almost $400 during the meme stock frenzy. As a result, its market cap has crashed from over $36 billion in 2021 to $1.8 billion today. Inside Out 2 is doing wellAMC Entertainment and other theatre chains did well in 2023, helped by the Barbie and Oppenheimer craze. As a result, the company’s total revenue ...
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Disney and Pixar’s latest animated feature, “Inside Out 2,” has joined the prestigious billion-dollar club, tallying $1.014 billion worldwide as of Sunday. This achievement marks it as the highest-grossing film of 2024 and the first since Warner Bros.’ “Barbie” to surpass the billion-dollar mark at the global box office. Breaking records and revitalising cinemas“Inside Out 2” has set a new benchmark, becoming the fastest animated movie to gross $1 billion in history. The film’s remarkable success underscores the enduring appeal of compelling, entertaining movies and the public’s desire to expe...
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Trump Media’s stock saw a significant rebound on Monday, surging 21% at the market’s open. This comes after a challenging period marked by a nearly 50% decline over three weeks. The recovery follows a turbulent phase for the company and DJT shares, driven by legal and regulatory pressures. DJT stock performance On Monday, Trump Media’s stock began trading at approximately $30 per share and had closed at just over $27 on Friday. At 15:48 BST, the shares had jumped 21.26%, reaching $33.54. This marked a notable recovery from the recent lows, providing a much-needed boost to investor sentiment. S...
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The AMC Entertainment (NYSE: AMC) stock price continued its downfall on Monday despite some positive moves in the industry. It slipped by over 2.20% in the pre-market session after falling by 5.4% on Friday. Altogether, AMC has plummeted by over 62% from its highest point in May as the meme frenzy faltered. Other meme companies that surged in May like GameStop and Clover Health have also suffered a harsh reversal. Box office sales are reboundingThere have been some important news from AMC and the box office industry. First, there are signs that the industry is booming as some of the most recen...
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Social Media platform Instagram continues to recommend adult-oriented content to underage users, a report by the Wall Street Journal has found. The report has exposed cracks in Meta Platforms’ earlier claims to provide a secure and age-appropriate digital environment for teenagers. The publication had tied up with an academic researcher to undertake a seven-month-long test to investigate the issue. The process involved creating new accounts for 13-year-old users. In its investigation, WSJ found that within twenty minutes of teenagers consuming content on Reels, their feeds were inundated with ...
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Shares of Trump Media & Technology Group – Donald Trump’s namesake social media company – tumbled Tuesday as the stock continued a long slide that began following the former president’s guilty verdict on all 34 felony counts in his criminal hush money trial. Trump Media’s stock declineTrump Media, which trades under the vanity ticker “DJT,” has tanked 39% since May 30 when a New York jury found Trump guilty of falsifying business records. On Tuesday, Trump Media closed down 10% to $31.31. The sell-off came as Trump Media warned investors that it could not force its majority shareholder to favo...
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Warner Bros. Discovery (NASDAQ: WBD) stock price has collapsed to a record low as concerns about the company’s future and valuation continued. It crashed by more than 6.67% on Thursday and settled at $7.30, down from last year’s high of $16.40. Valuation, debt, and TV concernsWarner Bros. Discovery has become one of the worst-performing media companies this year. It has plummeted by over 35% while Netflix has soared by 36%. Walt Disney has risen by more than 10% this year. Warner Bros. Discovery, which I have argued is an undervalued company based on a sum of parts, is facing numerous challeng...
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In a series of remarks set to be published in the upcoming book “Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through The Looking Glass,” former US President Donald Trump described pop star Taylor Swift as “unusually beautiful” and questioned the authenticity of her liberal political views. The book, written by Variety’s Ramin Setoodeh, delves into Trump’s reality television series “The Apprentice” and features his thoughts on various public figures, including Swift. “I think she’s beautiful – very beautiful! I find her very beautiful,” Trump said in an excerpt shar...
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Warner Bros. Discovery (NASDAQ: WBD) stock price remained under intense pressure this month as concerns about the company’s future continued. It closed at $7.73 on Friday, down from its all-time high of $78.11. Its valuation has tumbled to less than $20 billion. Undervalued but riskyIn my last article on Warner Bros. Discovery, I wrote that it was one of the most undervalued media companies in the US. I used a sum-of-parts approach to estimate that the firm was severely cheap. In my estimation, its studios and Max business have a bigger valuation than the whole company. Warner Bros. Discovery ...
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