U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025.
Evelyn Hockstein | Reuters
Trump Media & Technology Group, the parent company of Truth Social, Truth+, and the fintech platform Truth.Fi, said Monday its board has approved a stock buyback of up to $400 million.
Trump Media stock rose about 3% on the news premarket.
The Florida-based company, which trades under the ticker DJT on both Nasdaq and NYSE Texas, said the buyback could include both common stock and warrants, executed through open market transactions. All repurchased shares would be retired.
“Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said CEO Devin Nunes in a release announcing the move.
President Donald Trump, who indirectly owns more than 114 million shares of the company through a revocable trust, remains the largest shareholder.
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The announcement follows Trump Media’s $2.5 billion raise last month from institutional investors — one of the largest bitcoin treasury plays by a public company. The company said it would use those funds, which include $1.5 billion in equity and $1 billion in convertible notes, to buy bitcoin, with custody provided by Anchorage Digital and Crypto.com.
Calling bitcoin a “crown jewel,” Nunes said the move was designed to defend the company against what he described as “discrimination by financial institutions” against conservative businesses. The funds will also support the launch of Trump-branded exchange-traded funds and other crypto products later this year, pending regulatory approval.
Trump Media said the buyback will be funded independently and will not affect the capital already earmarked for its bitcoin treasury initiative.
In February, Trump Media reported a $400.9 million net loss for the full year on just $3.6 million in annual revenue. The company cited legal fees and a revised advertising revenue-sharing agreement as contributing factors.
Despite the losses, Trump Media said it ended the year with $776.8 million in cash and short-term investments.
The company, which went public via special purpose acquisition company, or SPAC, last year, now trades with a market capitalization of around $4.9 billion.
The stock nearly doubled in 2024 as Trump won the U.S. presidential election in November. As of Friday’s close, the stock was down nearly 48% this year.
A woman walks past a logo of WhatsApp during a Meta event in Mumbai, India, on Sept. 20, 2023.
Niharika Kulkarni | Nurphoto | Getty Images
Meta is pushing back against a ban on WhatsApp from government devices.
The chief administrative officer, or CAO, of the U.S. House of Representatives told staffers on Monday that they are not allowed to use Meta’s popular messaging app. The CAO cited a lack of transparency about WhatsApp’s data privacy and security practices as the reason for the ban, according to a report by Axios that cited an internal email from the government office.
The CAO told House staff members in the email that they are not allowed to download WhatsApp on their government devices or access the app on their smartphones or desktop computers, the report said. Staff members must remove WhatsApp from their devices if they have the app installed on their devices, the report said.
“Protecting the People’s House is our topmost priority, and we are always monitoring and analyzing for potential cybersecurity risks that could endanger the data of House Members and staff,” U.S. House Chief Administrative Officer Catherine Szpindor told CNBC in a written statement.
Meta spokesperson Andy Stone on Monday responded to the report via a post on X, saying the company disagrees “with the House Chief Administrative Officer’s characterization in the strongest possible terms.”
“We know members and their staffs regularly use WhatsApp and we look forward to ensuring members of the House can join their Senate counterparts in doing so officially,” Stone said.
In a separate X post, Stone said WhatsApp’s encrypted nature provides a “higher level of security than most of the apps on the CAO’s approved list that do not offer that protection.”
Some of the messaging apps the CAO said are acceptable alternatives to WhatsApp include Microsoft Teams, Signal and Apple’s iMessage, the Axios report said.
Meta is currently embroiled in an antitrust case with the Federal Trade Commission over the social media company’s acquisitions of WhatsApp and Instagram.
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.
David Paul Morris | Bloomberg | Getty Images
Super Micro Computer shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in 2030.
A company’s stock often falls on the announcement of a convertible offering because the eventual conversion to equity could dilute existing shareholders’ stakes.
Super Micro, which has seen its business boom due to soaring demand for Nvidia’s artificial intelligence processors, said in a press release that it plans to use the proceeds from the offering for “general corporate purposes, including to fund working capital for growth and business expansion.” It also said it would spend about $200 million to repurchase its stock from the note issuers.
Even after Monday’s slide, Super Micro shares are up close to 40% so far in 2025 as the company remains one of a handful of server makers that can sell systems based around new chips from Nvidia, Advanced Micro Devices, and Intel soon after they start shipping. The stock has been viewed by Wall Street as an AI pure play that will appreciate with tech megacap companies expected to spend hundreds of billions of dollars on data centers to support AI workloads.
Super Micro also secured a major contract with a data center in Saudi Arabia when President Donald Trump visited the Middle East in May.
Super Micro “has emerged as a market leader in AI-optimized infrastructure,” Raymond James analysts wrote in a report last month, saying that 70% of the company’s revenue was attributable to AI. The analysts recommend buying the stock.
Investors soured on Super Micro in March and April on concerns about tariffs, and in May the company slashed its fiscal 2025 guidance and chose not to reiterate its previous forecast for $40 billion in fiscal 2026 sales, due to tariff and AI chip uncertainty.
The stock has recouped some of those losses but is still trading well below its high for the year reached in February.
Super Micro had a tumultuous 2024 largely because of accusations of accounting irregularities, and was forced to refile financials with the SEC in order to avoid delisting from the Nasdaq. Super Micro also named a new auditor, removed its CFO and named additional members to its board of directors.
An Atlas V rocket of United Launch Alliance (ULA) lifts off from Space Launch Complex 41 at the Kennedy Space Center in Cape Canaveral, Florida on June 23, 2025.
Gregg Newton | Afp | Getty Images
Amazon‘s second batch of Kuiper internet satellites reached low Earth orbit on Monday, adding to its plans for a massive constellation and ramping up competition with SpaceX’s Starlink.
A United Launch Alliance rocket carrying 27 Kuiper satellites lifted off from a launchpad at the Cape Canaveral Space Force Station in Florida at 6:54 a.m. ET, according to a livestream.
“We have ignition and lift off of United Launch Alliance Atlas V rocket carrying satellites for Amazon’s Project Kuiper internet constellation, continuing a new chapter in low Earth orbit satellite connectivity,” Ben Chilton, an ordnance engineer at ULA, said on the livestream following the launch.
Six years ago, Amazon unveiled its plans to build a constellation of internet-beaming satellites in low Earth orbit, called Project Kuiper. The service will compete directly with Elon Musk’sStarlink, which currently dominates the market and has 8,000 satellites in orbit.
Amazon in April successfully sent up 27 Kuiper internet satellites into low Earth orbit, a region of space that’s within 1,200 miles of the Earth’s surface.
The 54 craft currently in orbit are the start of Amazon’s planned constellation of 3,236 satellites. The company has to meet a Federal Communications Commission deadline to launch half of its total constellation, or 1,618 satellites, by July 2026.
The company has booked more than 80 launches with several providers, including rival SpaceX, to deliver Kuiper its satellites into orbit.