Former President Donald Trump is on the cusp of scoring a major financial bonanza – at least on paper. As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track
Jay Ritter Articles: page 1
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Algorithms powering John Ruiz’s company being probed by SEC, Justice Department
When attorney John H. Ruiz took his company public in 2022, the Miami entrepreneur promised that its software algorithms were so effective they could spot billions of dollars in improperly paid health-insurance claims that would eventually yield significant profits for
Why a ‘collapse’ of younger VC firms may not be a bad thing, according to a top angel investor who backed Uber and Robinhood
Although private markets are rebounding along with an IPO market that just saw the highest grossing quarter since 2021, some newer VC firms aren’t counting themselves among the recent winners. Cordell Eminent Scholar Jay Ritter shares his insights on why
Why is Trump’s Truth Social stock plummeting?
After vaulting from an initial offering price of about $50 to a peak of nearly $80 in late March, Truth Social’s share price has dropped a staggering 68%. In early trading on Tuesday, the price stood at about $25. Cordell
Trump Media stock price plummets Monday as company files to issue millions of shares
Trump Media & Technology Group shares plummeted more than 18% Monday after the company took steps to sell millions of additional shares. Cordell Eminent Scholar Jay Ritter expects the stock price will continue to be highly volatile. Read more insights
Strong Q1 demand for IPOs bodes well for 2024, experts say: ‘I’m way more optimistic than I’ve been the last two years’
With 30 IPOs that raised over $7.8 billion in the first quarter—figures that jump to 49 offerings and $8.4 billion if SPAC deals are included—experts like Cordell Eminent Scholar Jay Ritter say they’re encouraged the sector has bounced back from the doldrums. Read
Trump’s Truth Social stock price slides
Analysts marvel at the stock price of a social media platform valued at over 1000 times its earnings. Trump owns more than 50%; a dip this week cost him $1b. Cordell Eminent Scholar Jay Ritter shares his insights in this
Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern
Cordell Eminent Scholar Jay Ritter shares his expertise on former President Donald Tump’s social media company, which is not relying on traditional performance metrics – and doesn’t plan to anytime soon, according to a regulatory filing Monday that also disclosed
Trump social media company defies expectations in stock market debut
The parent company of former President Trump’s Truth Social platform defied expectations in its first week on the stock market. Trump Media & Technology Group stock closed at roughly $62 per share Thursday after a whipsaw week of trading. Cordell
If this is a bull market, where are the IPOs?
Cordell Eminent Scholar Jay Ritter shares his expert insights for this story on IPOs in 2024. Read more in the story from Canada’s The Globe and Mail. [Subscription required.]
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