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Trump Media is now a company. But is it a business?

Posted on AllSides March 27th, 2024
From The Left
Drew Angerer/Getty Images
ANALYSIS

Susquehanna International Group makes its money buying and selling stocks in milliseconds, eking out fractions of a penny each time. At one millisecond at the end of last year, its holdings included a 2% stake in a blank-check company that this week merged with Donald Trump’s social-media company.

That has fed theories that Susquehanna’s founder, Republican mega-donor Jeff Yass, is funneling money to a cash-strapped Trump by pumping up shares of a company that began trading today under the ticker DJT and owns Truth Social, where Trump has spent most...

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https://www.semafor.com/article/03/26/2024/trump-media-is-now-a-company-but-is-it-a-business

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