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    Trump’s Truth Social is now a public company. Experts warn its multi-billion-dollar valuation defies logic

    Trump’s Truth Social is now a public company. Experts warn its multi-billion-dollar valuation defies logic

     

    By Editors Desk

    Latest Business

    Trump Media merger wins investor approval, netting Trump potential windfall

    Trump will own about 60 percent of the Truth Social owner, which at its current share price would be worth about $3 billion. A lockup agreement will block him from selling the shares for six months.

    Former president Donald Trump prepares himself before walking out to speak with his attorneys to reporters and members of the media at the Waldorf Astoria hotel in Washington in January. (Jabin Botsford/The Washington Post)

    Aston Martin poaches Bentley CEO in new shake up

    London (AFP) – British luxury car brand Aston Martin Lagonda on Friday said Adrian Hallmark would become its chief executive, poaching him from German-owned peer Bentley where he has stepped down as CEO

    Luxury car brand Aston Martin was beloved by fictional British spy James Bond © Niklas HALLE'N / AFP

    ​Selena Gomez’s $3 billion beauty move ​

    The singer is reportedly looking to cash in on the beauty empire she founded in 2020.

    Selena Gomez celebrates the launch of Rare Beauty's Soft Pinch Tinted Lip Oil Collection on March 29, 2023 in New York City. Picture: Cindy Ord/Getty Images/AFP

    Steven Mnuchin putting together investor group to buy TikTok

    Ex-treasury secretary tells CNBC of plans a day after US House passes bill giving app’s owner six months to divest or face US ban

    Steven Mnuchin, right, and his wife, Louise Linton, hold up a sheet of new $1 bills in Washington DC in November 2017. Photograph: Jacquelyn Martin/AP

    ‘Ripple effect’: Fears for TikTok ban

    Digital experts and homegrown influencers have revealed why TikTok-reliant Aussies won’t ride out a potential US ban scot-free.

    Australian social media influencer Jeremy Franco says a US TikTok ban could cause a ‘ripple effect all throughout the globe’. Picture: Lyn Taylor

    Aiming for $6.4B valuation, Reddit is going public. Here's what to expect

    Company aiming for $6.4 billion US valuation when it launches its IPO this month

    (Dado Ruvic/Illustration/Reuters)

    Yeezy fiasco helps push Adidas into loss as US sales continue to fall

    Adidas Yeezy trainers inside the Presented By sneaker resale store in London, pictured in August 2021. Hollie Adams/Bloomberg via Getty Images

    Twist after Boeing whistleblower’s death

    Lawyers representing the man who exposed the dodgy dealings with Boeing are calling for a full investigation into his sudden death.

    Boeing is under scrutiny following a spate of issues for the manufacturer. Picture: Daniel SLIM / AFP.

    Boeing is in big trouble

    The LATAM Airlines Boeing 787 Dreamliner plane that suddenly lost altitude mid-flight. Brett Phibbs/AFP/Getty Images

    Capital One and Discover merger ‘dangerous’, consumer groups tell Fed

    Coalition of advocacy groups warn that deal would ‘further concentrate risk’ in the financial system and ‘must be stopped’

    Capital One is moving to take over Discover in $35bn deal. Photograph: Sarah Yenesel/EPA

    You Can Now Buy Shares in Music by Beyoncé or Taylor Swift

    Startup JKBX is offering securities backed by the royalty streams from songs recorded by popular artists

    Beyoncé performing in London in May 2023. PHOTO: KEVIN MAZUR/WIREIMAGE FOR PARKWOOD/GETTY IMAGES

    Macy’s takeover bidders increase offer to $6.6 billion

    FILE – Pedestrians walk past an entrance to Macy’s flagship store along 34th Street in New York. (AP Photo/Bebeto Matthews)

    ​Elon explodes as lawyers demand $442k/hour ​

    Elon Musk has reacted with fury after lawyers involved in his Tesla compensation package lawsuit asked for $9 billion in legal fees.

    Elon Musk reacted angrily to the news that lawyers are seeking $AU9 billion in legal fees. Picture: Getty Images

    JetBlue pulls out of deal to buy Spirit Airlines

    Spirit Airlines and JetBlue have announced Monday they will not be merging. Charly Triballeau/AFP/Getty Images

    Kanye spirals after new Adidas release

    Kanye West took to the internet to slam Adidas for releasing shoes “with his name on it” and the company responded with this letter.

    Yeezy 350 Boost in Pirate Black. Picture: File

    Oprah Winfrey to leave board of Weight Watchers

    Oprah Winfrey is to leave the board of Weight Watchers, in a fresh blow to a company struggling to compete against the popularity of weight-loss drugs.

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