CMB News Of The Day 📰🗞️🗞️

“Trump Sues The New York Times

for $15 Billion in Defamation Claim” 🚨🚨🚨

“Trump has filed a $15 billion lawsuit against The New York Times — a figure that exceeds the paper’s total market value.” 🚨🚨🚨

Former President Donald Trump has filed a $15 billion lawsuit against The New York Times, accusing the paper of defamation. The staggering figure is notable not just for its size, but because it far exceeds the company’s entire market value, which stood at about $9.65 billion as of yesterday’s close.

To put that number in perspective:

• It’s more than 28 quarters (seven years) worth of the Times’ revenue.

• It dwarfs the company’s $540 million in cash reserves.

While Trump’s legal move made headlines, Wall Street’s reaction was relatively muted. The New York Times stock slipped 1.8% in early trading, trimming roughly $173 million off its market cap. That’s a far cry from the financial damage Trump’s lawsuit is seeking.

Whether the lawsuit has legal merit remains to be seen, but the sheer size of the damages sought underscores Trump’s ongoing battles with major media outlets.