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Boost Efficiency by Eliminating Busy Work Now


Productivity means doing things smartly and efficiently. When you’re productive, you’re not just busy—you’re doing things that really matter. First, think about what you want to achieve. Then, make a plan to reach those goals. Being productive means using your time and resources wisely. So, stay focused, plan well, and avoid busy work to maximize your efforts.

Identifying busy work

Busy work is when you spend time and energy on tasks that don’t help you achieve your goals. Sometimes, we do helpful things but don’t make real progress.

Examples of busy work include talking about things that don’t matter, spending too much time on emails, or going to meetings that aren’t important. It’s like spinning your wheels – lots of action but not going anywhere. Instead, focus on activities that actually move you closer to your goals. That’s true productivity, not just being busy.

Using a time clock can help you keep track of how much time you spend on tasks. This can help you work faster and more efficiently.

Emails can be distracting. But you can avoid interruptions by setting specific times to check them. This way, you can focus better on important tasks instead of getting caught up in busy work. So, next time you’re working on something, try using a time clock and setting email-checking times. It could really help you be more productive.

Related: This Bad Work Habit Is Stealing a Shocking 72 Days of Your Time Per Year

Workplace productivity statistics

Did you know that the average worker is only productive for about 60% of their workday? That means a lot of time might be spent not getting much done. It’s even less for office workers – only around two and a half hours of real productivity each day.

When teams are engaged and work well together, amazing things can happen. Highly engaged teams have fewer problems, such as internal theft, absenteeism, and job turnover.

Surprisingly, social media can cost businesses a lot of money. Employees spending time on Facebook and other sites wastes billions of dollars annually. And those long, unproductive meetings? They’re taking up billions of hours, too.

Nowadays, it’s not just about being busy – it’s about having the right talent. Talented and right employees can change how much work gets done. In fact, they can be up to 400% more productive than average workers. The best ones can even complete difficult tasks super efficiently, sometimes reaching productivity levels that are eight times higher than normal.

Related: Wasted Employee Time Adds Up: Here’s How to Fix It

Key elements of productivity

Did you know that employees can be twice as productive when they are engaged in their work? When people feel connected to what they’re doing, they tend to work harder and get more done.

But there’s something else that can affect how productive people are: sleep. If you’re not getting enough sleep, it can make you less efficient at work. In fact, sleep deprivation costs businesses a lot of money – $63 billion every year. And it’s not just a few people – one-third of workers in the US aren’t getting the sleep they need.

Another thing that can distract people at work is the internet. When employees spend time online doing things like watching sports or shopping, their productivity can be cut in half. It’s important to stay focused on work tasks to get things done efficiently.

Turning busy work into productivity

To make sure your team is using their time wisely, it’s important to plan ahead and delegate tasks properly. Start by figuring out what needs to be done first, and then guide your team to focus on those tasks. This will help them stay on track and motivated.

If you notice your team spending too much time on the same things over and over, try finding ways to make those tasks easier. You could use software or tools to automate them or group similar tasks together to get them done more efficiently.

It’s also a good idea to break up the workday into smaller chunks and take breaks in between. This can help prevent burnout and keep your productivity levels high. Also, keeping the office tidy and organized can help reduce distractions and keep your team focused.

Besides, you can use tools like time clocks, to-do lists, and project management software. These can help your team stay organized and on top of their tasks. With the right planning and tools, busy work can become productive work in no time.

If you delegate tasks based on expertise, you’ll find less time wasted on busy work. Follow up by regularly evaluating workflow. Keep your team informed about fresh methods and tools; thus, you can support them in working more intelligently rather than just harder. Identify what needs improvement and be willing to make changes.

Related: 12 Factors That Are Fueling Your Workplace Mental Exhaustion

Tools to stimulate productivity

If you’ve ever used a legacy digital calendar to become better with time and more organized, you probably felt you were spending too much time entering and revising data. The latest digital calendars are equipped with AI-enabled solutions that memorize your schedule and take over booking, organizing, and updating events and meetings on your calendar. They also sync across devices and tools, enabling a more efficient and productive work process.

Cluttered inboxes are one of the most significant productivity roadblocks employees encounter. The best email management tools can categorize similar emails and give employees a variety of tools to manage them easily, quickly, and efficiently. They can block senders, delete multiple emails at once, or unsubscribe from emails automatically.

Final Verdicts

By organizing tasks, setting clear goals, and using helpful tools, you can turn busy work into productive work. You should plan well, divide tasks wisely, and stay motivated to succeed. With your effort and the right methods, productivity can increase, distractions can decrease, and work can be more efficient for everyone.



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Man Faces $70M Medicare Fraud Scheme Charges


A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department.

An indictment was unsealed in Tampa last week for Joel Rufus French, 46, who appeared when summoned in Oxford, Mississippi. The FBI Tampa Field Office and HHS-OIG are investigating the case.

Man charged with millions of dollars of fraud

French allegedly used bribes to obtain doctors’ orders to obtain unnecessary amounts of durable medical equipment (DME). The accused had also created a network of co-conspirators who received bribes and kickbacks in an elaborate scheme involving orthotic braces.

Initial court documents highlighted that French did not disclose his status or role whilst running multiple DME companies to Medicare. French would then use the fraudulently obtained doctors’ orders to allegedly charge Medicare for reimbursement to the tune of $70 million.

The release by the Department of Justice said the charges against French include “conspiracy to defraud the United States and to pay and receive illegal health care kickbacks, conspiracy to commit health care fraud and wire fraud, and conspiracy to commit money laundering.”

Health Care Fraud Strike Force Program of the Justice Department is composed of “of nine strike forces operating in 27 federal districts, has charged more than 5,400 defendants who collectively have billed federal health care programs and private insurers more than $27 billion.”

If French is convicted of these crimes he could face maximum penalties of twenty and five years respectively for each of the charges levied against him.

This would be one of three medical fraud cases that the Justice Department recorded this week. A New Jersey Doctor was sentenced for illegally distributing oxycodone and two other Doctors were sentenced for their part in a fraudulent drug testing scheme.

Image: Ideogram.

 

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Trump Media stock plummets again


Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares.

The parent company of social media platform Truth Social has approached the SEC with a Files S-1 Resale Registration Statement.

Trump shares nosedive after announcement

The shares in the company ended the day on the stock market a further 18% down on initial trading. The SEC filing states:

We are registering the resale by the Selling Securityholders named in this prospectus, or their permitted transferees, an aggregate of 146,108,680 shares of Common Stock, consisting of:

  • 1,133,484 Placement Shares;
  • Up to 14,316,050 Founder and Anchor Investors Shares;
  • 744,020 Conversion Shares;
  • 965,125 DWAC Compensation Shares;
  • 690,000 TMTG Compensation Shares;
  • 6,250,000 Alternative Financing Shares;
  • 7,116,251 Private Warrant Shares;
  • 143,750 Representative Shares; and
  • 114,750,000 President Trump Shares.

This takes the overall fall down to nearly 60% of the launch price for the former President’s company stock. We reported earlier this month that the initial stock had fallen 20% in the first week of trading on the stock exchange.

Digital World Acquisition Corp merged with Trump Media in late February to a large fanfare. The highest mark for the much-talked-about stock came in at $66.22, so the dip to $26.61 is a catastrophic fall ahead of a potential further share issue.

The $52.77 plummet will be a costly one for the company, but as we reported last week, executives are still taking home sizeable compensation in this turbulent opening.

Leading figures at TMGT have been given promissory notes to the tune of $6.25 million.

This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

It will be an interesting read ahead to see if the SEC agrees on the share issue and one that will certainly impact the future of TMGT.

Image: Ideogram.

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Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Microsoft’s creations have impacted more than 1 billion users worldwide, helping successful innovators across industries. You can currently pick up a comprehensive collection of popular products that are primed to boost your productivity for a surprisingly low price.

For a limited time, purchase the Ultimate 2019 Microsoft Bundle, complete with Office, Project, Visio and Windows 11 Pro, at only $79.99 (reg. $927) by using coupon code ENJOY20. Pick up this full package for only a fraction of the standard cost through April 16 at 11:59 p.m. Pacific.

Offering an AI assistant, touchscreen options and personalized settings, Microsoft Windows 11 Pro packs new potential into your operating system. Enjoy higher speeds and greater security with an OS that delivers access to DirectX 12 Ultimate and Microsoft Teams.

Meanwhile, get right to work with Microsoft Office Professional Plus 2019, equipped with these programs:

  • Access for keeping track of databases.
  • Excel for diving into data.
  • OneNote for enhanced note-taking.
  • Outlook for maximized email management.
  • PowerPoint for visual presentations.
  • Publisher for graphic design needs.
  • Word for creating text documents.

Microsoft Project provides everything you need for a large professional undertaking, with tools featuring budget management, schedule development, task assignments and workload analysis. Gain a greater feel on what’s working well and what’s not by examining automated progress reports. Plus, it’s prepared to sync with Microsoft Office.

Last but not least, Vizio is excellent for creating visual diagrams, floor plans, flow charts and more. Access 250,000 shapes and an array of templates that can be easily customized with data from compatible programs such as Microsoft Excel.

This bundle carries a store rating of 4.5 out of five based on verified buyer reviews, featuring March 2024 feedback that reads, “The installation was easy and it worked right away as expected. I will get another one in the future.”

Improve your production capabilities while accomplishing more professionally and personally by purchasing the Ultimate 2019 Microsoft Bundle, loaded with Office, Project, Visio and Windows 11 Pro, for only $79.99 (reg. $927) by using coupon code ENJOY20 through April 16 at 11:59 p.m. Pacific.

StackSocial prices subject to change.



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Learn to Play Guitar Even if You Have No Previous Training for Just $20


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Moe than 700 million people worldwide play the guitar, and there are numerous enterprises associated with the skill. Of course, it’s also one of the most fun instruments to play and not very difficult to learn. If you’d like to have a business, or even a hobby, related to playing guitar then the 2024 Guitar Lessons Training Bundle can help you quickly learn to play guitar even if you are a complete novice.

You need no experience whatsoever to start with the Beginner Guitar Lessons Crash Course, a student favorite with an average rating of 4.6 stars out of 5. It assumes you know nothing at all about guitar, but you’ll get quickly up-to-speed without skipping anything important.

You can then follow up with Guitar Technique, another highly-rated course. It will teach you the most important techniques for playing guitar. This course is actually for students at any level because the lessons are easy to start off with, then become more difficult as you gradually advance. You’ll begin to develop your own style in this class.

Blues lovers will thoroughly enjoy the Easy Blues Guitar Crash Course. It’s another beginner course, but you’ll quickly learn to play real blues guitar and the basic terms used in this genre. One of the best, easiest and most fun ways of improving your soloing is to play children’s songs. So you should love the Children’s Songs for the Guitar course, in which you’ll learn 20 children’s songs.

Once you’re done with the previous courses, or if you’re already at an advanced skill level on guitar, then you’ll be ready to take the Guitar Jam Method course.

It’s for just the intermediate and advanced guitar students, focusing on teaching you how to jam without needing to play a specific song. Creative guitarists can really improve their jamming and soloing skills in this class.

The course also contains seven modules “…for the Curious Guitarist”. These are Fingerstyle, Ear Training, Songwriting, Guitar Lessons, Jazz, Blues and Christmas Songs.

All of the courses are presented by Dan Dresnok, who has taught guitar to tens of thousands of students online and in-person. He’s also been a performer and recording studio session guitarist, specializing in music theory, guitar, blues, jazz, rock and bluegrass.

Get The 2024 Guitar Lessons Training Bundle while it’s available for only $19.99 (reg. $480).

StackSocial prices subject to change.



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SEC hits investment advisors for violation of marketing rules


The Securities and Exchange Commission (SEC) has cracked down on five registered investment advisers.

The SEC imposed fines on five entities for violating marketing rules in what would be the second wave of regulatory action in the space of a year.

SEC fines investment advisors

All five firms have held their hands up and agreed to settle the penalties levied on them by the government body. The combined fines come in at $200,000 and the SEC has also imposed other charges.

The SEC’s investigations and orders found that “the five firms advertised hypothetical performance to the general public on their websites without adopting and implementing policies and procedures reasonably designed to ensure that the hypothetical performance was relevant to the likely financial situation and investment objectives of each advertisement’s intended audience, as required by the Marketing Rule.”

The five firms charged are:

  • GeaSphere LLC
  • Bradesco Global Advisors Inc.
  • Credicorp Capital Advisors LLC
  • InSight Securities Inc.
  • Monex Asset Management Inc.

Co-Chief of the SEC Enforcement Division’s Asset Management Unit. Corey Schuster would comment on the charges and the importance of the rules in place to safeguard consumers. He said “Today’s actions show that we will continue to employ targeted initiatives to ensure that investment advisers fully comply with their obligations under the rule. They also serve as a reminder of the benefits to firms that take corrective steps before being contacted by Commission staff.”

This is the second wave of marketing rule breaches that have been investigated by the SEC. The first wave was brought to light and nine advisory firms were hit with regulatory scrutiny in September 2023.

The order result would say “GeaSphere agreed to pay a civil penalty of $100,000. Bradesco, Credicorp, InSight, and Monex agreed to pay civil penalties ranging from $20,000 to $30,000, which reflected certain corrective steps taken by each of these firms before being contacted by the Commission staff.”

GeaSphere was hit with the heaviest penalties as they were found to have misled the orders of the SEC. The company made false statements in advertisements and could not make good on its commitments to consumers.

GeaSphere also violated other regulatory requirements, including by making false and misleading statements in advertisements, advertising misleading model performance, being unable to substantiate performance shown in its advertisements, and failing to enter into written agreements with people it compensated for endorsements.

The order further finds that GeaSphere committed recordkeeping and compliance violations and made misleading statements about its performance to a registered investment company client “that the misleading statements were included in the client’s prospectus filed with the Commission.”

Image: Ideogram.

 

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Denver inflation hits below the national rate


Denver has announced that the state’s rate of inflation has hit its lowest in three years.

The news means the Mile-High City’s inflation has hit under 3% and well below the United States average. The Denver-Aurora-Lakewood area would see this financial boon due to outsourced food and gasoline prices.

Denver tops the low inflation charts

The news comes from the U.S. Bureau of Labor Statistics’ bi-monthly update.  The government institution has been tracking Denver’s inflation as far back as a little over a year ago Americans were struggling with the hefty price of things like food and gas.

At this time Denver was facing the worst inflation in the state’s recent history at around 5.4% compared to the national average of 3.7%.

The major contributing factors in the state’s turnaround are due to both food prices and how gasoline prices have plummeted in the state.

The report would say that “Over the last 12 months, the CPI-U advanced 2.8 percent. The index for all items less food and energy rose 3.4 percent over the year, and food prices rose 2.5 percent. Energy prices fell 5.4 percent, entirely the result of a decrease in the price of gasoline.”

Gasoline prices also took a positive turn in comparison to last year when a major provider of the state’s fuel supply would need to go offline. The shutdown of the Denver pipeline from Suncor Energy would see a spike in gas prices to 35% and 50% respectively throughout the year.

The gas prices now in Colorado sit at $3.07 per regular gallon of gas which is down by roughly 10% across the year according to the AAA. The BLS report would say on energy prices “From March 2023 to March 2024, energy prices fell 5.4 percent, entirely due to lower prices for gasoline (-20.6 percent). Prices paid for natural gas service rose, and the index for electricity advanced 4.9 percent during the past year.”

The report focused on the surrounding areas of Denver-Aurora-Lakewood, which are made up of Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park counties in Colorado.

Image: Ideogram.

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SEC: What does your financial future look like?


The Securities and Exchange Commission’s (SEC) theme for April’s National Financial Capability Month has been revealed.

The SEC is asking Americans “What does your financial future look like? Having a plan can help answer the question.”

Creating financial plans is a key part of securing the future and throughout April the SEC and key stakeholders within the government institution will be talking about building a better financial roadmap.

SEC talks about the financial future

The government body will be releasing guidance from leaders in the SEC and those working in the engine room of the financial fair-play body. They will “highlight the importance of creating a saving and investing plan to help investors meet their financial goals, and will encourage them to take advantage of the free tools and resources available on Investor.gov.”

The SEC will also bring investor education events to various audiences, including students, underrepresented communities, older investors, and the military throughout the United States.

SEC Chair Gary Gensler said of the announcement “Investors turn to our capital markets every day, whether to grow a nest egg, plan for retirement, save for an education, or prepare for the inevitable bumps along the way.”

The SEC has released several tools to keep people informed. Including:

April’s Financial Capability Month Investing Quiz;

Director Lori Schock said “”Creating a saving and investing plan that helps you meet your financial goals and sharing those ideals and goals with your family and friends may not only help you stay more committed to your decision-making but can provide you with support to help you stick with your plan for the long term.”

The SEC will be bringing educational events to all residents of the United States but will be focusing that little bit more on older investors, high school and colleague students and service members. The regulatory body will also be targeting community organizations and affinity groups to help Americans plan for a healthier financial future.

Gensler would conclude “To be an informed investor is to be a more effective investor, and I encourage the public to take advantage of the many resources we offer on Investor.gov.”

Image: Ideogram.

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HR Could Be Withholding The Critical Data You Need to Drive Results. Here’s How to Access It.


Opinions expressed by Entrepreneur contributors are their own.

Have you ever waited longer than you’d hoped for a package? You’ve experienced the proverbial “last mile” problem. A parcel zips all the way across the country, but then somehow, it gets stranded at the post office a few blocks from your home — so close, but still out of reach.

To borrow a term from the field of logistics, HR departments have a “last mile” problem, too, and it’s just as frustrating. Companies are generating more people data than ever — insights about everything from how employees work best to ways to boost retention — but that intel isn’t getting into the hands of the managers who need it most when it’s needed.

For example, let’s say a manager needs to know what kind of raise to give a valued employee. The clock is ticking. HR has relevant data, but often, it takes weeks for someone to tally industry averages and cross-reference the employee’s specifics. In a fast-moving business environment where competition for top talent is scarce, companies can’t afford such delays, which can end up impacting the bottom line.

Related: A Practical Guide to Increasing Startup Success Through Data Analytics

That lag reflects a broader sluggishness in getting people’s data into the right hands. A recent global survey found that about three out of four companies are driving business innovation with data. But less than half have created a data-driven organization, the key to unlocking insights about people, their most precious resource.

As the co-founder of a business that helps companies use people’s data to drive results, I know there’s a better way. Here’s why the last mile problem exists and how businesses can solve it to ensure timely delivery of HR data that makes an impact.

What’s behind HR’s last mile problem?

The fundamental reason HR data doesn’t travel that last mile: It’s languishing in silos.

Essentially, there’s a wall between HR and the rest of the company. Many HR departments hoard their people data, on the grounds that it’s personal and confidential. At large companies, this siloing problem even happens within HR itself. Recruiting, talent management, compliance, learning and development, compensation — all have their own data fiefdoms.

To make things worse, that data may not be very meaningful to anyone except HR pros. Even when it is shared, it often lacks context and is hard to interpret. That’s partly because it’s rife with HR jargon, not framed in the language the rest of the business speaks. Don’t know what utilization analysis is, or featherbedding, or negligent referral? You’re not alone.

Even familiar concepts like turnover rates can be confusing or misleading in the absence of context. HR might report that your department has a 10% turnover rate. Sounds terrible — but is it really? How does that compare to competitors? Is it impacting revenue or performance? The underlying problem: data is shared in the language of HR, not the language of business.

Companies that lack the ability to connect HR data with business impact risk falling behind. Over a three-year period, businesses that made sophisticated use of people analytics reported more than 80% higher average profits than their less data-savvy peers.

How to solve HR’s last mile problem

Getting over HR’s last mile hurdle calls for both a culture and technology shift.

Culturally, HR leaders need education around the idea that using people analytics doesn’t mean sharing personal information — far from it. In fact, the data in question can be readily aggregated and anonymized, so nothing sensitive gets divulged.

It’s also essential to drive home the message that HR’s contributions can and should go well beyond compliance and administration. After all, people are a company’s biggest line item and greatest resource. HR is ideally positioned to help connect the dots between talent and results.

Technology can help, too, especially when it comes to getting the right insights in the right hands. Believe it or not, many companies still rely on old-fashioned charts and spreadsheets to manage HR data. I’ve seen how this creates challenges for frontline managers, many of whom lack the time, training or inclination to sit down and crunch numbers.

The good news is that new generative AI technology is finally helping liberate that data. Using the latest tools, managers can quickly find the answers they need by asking a question in plain English. Is an employee being paid fairly? Rather than poring over a dense chart or waiting for a data analyst to weigh in, managers can get answers in real-time, with data specific to their company and the employee in question, along with industry benchmarks.

Finally, the best companies find ways to integrate people data into the rhythms and routines of daily company culture. Instead of quarterly blasts, they share insights with decision-makers on a consistent basis, whether it’s weekly or monthly. They’re selective, tailoring reports to the department or business need in question, and they put the data in context by telling the story behind it in business language. If turnover will be 10% this year, what does that number mean for the company, and how does it stack up against the competition?

Related: Using Data Analytics Will Transform Your Business. Here’s How.

The payoff for closing the last mile

When people data gets where it needs to go, fast, the entire organization benefits.

HR can now focus on the “art” of the profession rather than rote, time-consuming requests for information that can easily be handled by analytics tools. That means fewer hours spent on admin, compliance and tickets — and more time for the people who drive the business.

Managers get the information they need when they need it. For instance, they can use people analytics to find out who’s most likely to leave the company before it actually happens. Thanks to today’s generative AI tools, which many executives see as a profit booster, that’s no longer a guessing game. Ask, and you get a straight answer about individual employees’ engagement levels based on data pulled from chat, email, calendars and other workplace apps.

For the business at large, fixing HR’s last mile problem equates to a sea change in efficiency and performance. Talent decisions can be made in real time, not months (or even years) too late. Best guesses and gut instinct give way to data-backed insights. Ultimately, the ability to draw a straight line from people to business results boosts customer satisfaction, employee retention and the bottom line.

Granted, we’re not there yet. Institutional biases linger — from HR’s warehouse mentality toward data to frontline managers’ aversion to being analyzed and judged.

Wariness of AI is another potential blocker, especially in the context of privacy and misinformation — areas where the right guardrails are essential. (At my company, for example, we do ethics testing of our generative AI tools to ensure that their guidance is free of racial and other bias.)

Ultimately, however, solving HR’s last mile problem is well within reach. We have the data. We have the tools to share it safely and responsibly. Now, it’s time to get it into the hands of the leaders who need it most.



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Trump Media Execs Take Home Windfall Whist Share Price halved


Tump Media Executives are receiving massive financial gains despite a continuously falling share price for the company’s stock.

The corporate Securities and Exchange Committee (SEC) filings posted this month show us how executives in the company are being compensated in salary and promissory notes.

What is a promissory note?

A promissory note is a halfway house between an IOU and a loan agreement. It is a legally binding financial instrument that guarantees the holder a sum based on an agreement between two parties.

In the case of Trump Media, the company’s executives have been given promissory notes to the tune of $6.25 million.

This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

Trump Media shares continue to fall

Trump Media merged with Digital World Acquisition Corp on March 26 this year and saw the shares in the company hit a high watermark at around $80.

Since that time the shares have been in a constant freefall with the Monday closing bell recording stock at $37.17 for the shares that have the initials of the former President, DJT.

So in the space of two weeks of trading the shares have been sliced down to 55% of the original $80 dollar watermark and have seen a fall of 12% on Friday and a further 10% this week.

This is a worrying trend for the hopeful Republican Presidential candidate as the company posted a net loss of $58 million last year on revenue of just $4.1 million. The company is also funded by a retail investor base according to Nunes, which he would mention was an integral part of the bedrock of Trump Media.

In a recent Fox News interview, which is part of the 8K filing on the company website, Nunes would say “The most amazing part about our company, the retail investors. So when we went out to get this merger, we had it. It took a while. One of the reasons, not just the regulation, but we had almost 400,000 people, retail shareholders who had invested in this company. Now guess what’s happened over the last couple of weeks, we think we’ve added over 200,000 new retail investors. I would say there’s not another company out there that has retail investors like this.”

The social media application Truth Social is tethered to Trump Media, in which the former President is the majority shareholder. He currently has a 58% in the company, which accounts for around 78 million shares.

Image: Ideogram.

 

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