Stock Track | Trump Media Stock Plummets 5.11% as Legal Battle Over Rumble Suspension in Brazil Intensifies

Stock Track

Feb 24, 2025

Trump Media & Technology Group (TMTG) stock plummeted 5.11% in Monday's pre-market trading session, underperforming the broader market. The sell-off appears to be fueled by concerns over the company's legal battle with Brazilian authorities regarding the suspension of its partner Rumble's video-sharing platform in Brazil.

TMTG and Rumble have filed an emergency motion in US federal court to halt the suspension of Rumble in Brazil, which was ordered by Brazilian Supreme Court Justice Alexandre de Moraes. The suspension came after Rumble refused to comply with orders to censor the accounts of a Brazilian journalist under investigation.

The companies argue that the suspension order violates US sovereignty and free speech protections. TMTG Chairman Devin Nunes expressed support for Rumble in this "crucial battle for free expression." The legal tussle raises concerns about the potential impact on TMTG's business operations if the situation remains unresolved or escalates further.

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The sell-off appears to be fueled by concerns over the company's legal battle with Brazilian authorities regarding the suspension of its partner Rumble's video-sharing platform in Brazil.</p>\n\n<p>TMTG and Rumble have filed an emergency motion in US federal court to halt the suspension of Rumble in Brazil, which was ordered by Brazilian Supreme Court Justice Alexandre de Moraes. The suspension came after Rumble refused to comply with orders to censor the accounts of a Brazilian journalist under investigation.</p>\n\n<p>The companies argue that the suspension order violates US sovereignty and free speech protections. TMTG Chairman Devin Nunes expressed support for Rumble in this \"crucial battle for free expression.\" The legal tussle raises concerns about the potential impact on TMTG's business operations if the situation remains unresolved or escalates further.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJT","symbol_name":"特朗普媒体科技集团","start_time":0,"source_url":"","article_id":"1138596359","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138596359","pubTimestamp":1740409777,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Trump Media & Technology Group  stock plummeted 5.11% in Monday's pre-market trading session, underperforming the broader market. The sell-off appears to be fueled by concerns over the company's legal battle with Brazilian authorities regarding the suspension of its partner Rumble's video-sharing platform in Brazil.TMTG and Rumble have filed an emergency motion in US federal court to halt the suspension of Rumble in Brazil, which was ordered by Brazilian Supreme Court Justice Alexandre de Moraes","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DJT":"特朗普媒体科技集团"},"translate_title":"随着巴西隆隆停牌的法律斗争加剧，特朗普媒体股价暴跌5.11%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJT":1},"content_text":"Trump Media & Technology Group (TMTG) stock plummeted 5.11% in Monday's pre-market trading session, underperforming the broader market. 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