Trump Media & Technology Group Corp.'s stock fell for its seventh trading session in a row, as worries about inflation and consumer strength continued to weigh on the broad market.
U.S. President Donald Trump's Trump Media & Technology Group said on Friday it will propose reincorporating the company in Florida at its annual meeting in late April.
The president's company, Trump Media & Technology Group, represents a clear mingling of his official duties and his business interests.
Trump Media's revenue remains quite low, with just about $1 million reported for Q4 2024. The company has a healthy balance sheet with $777 million in cash and investments, but trades at almost 1,800 times last year's sales. Trump Media is shifting its strategy, exploring mergers and acquisitions, as well as launching financial products.
Trump Media & Technology Group reported a $400.9 million net loss for the full year. The company said it had to pay legal fees stemming from obstruction at the Biden-era Securities and Exchange Commission, and a revenue-sharing agreement negatively impacted revenue.
Trump Media and Technology Group (TMTG) said Thursday (Feb. 6) that it applied to register trademarks for brand names connected to the upcoming launch of its customized exchange-traded funds (ETFs) and customized separately managed accounts (SMAs). The trademarks include “Truth.Fi Made in America ETF,” “Truth.Fi Made in America SMA,” “Truth.Fi U.S. Energy Independence ETF,” “Truth.
Trump Media & Technology Group Corp (NASDAQ:DJT), the parent company of Truth Social, is expanding into financial services with a series of investment products under the "Truth.Fi" brand, the company announced Thursday. The move aligns with themes championed by President Donald Trump, including US energy independence, domestic manufacturing, and cryptocurrency.
Trump Media & Technology Group Corp. DJT had thin trading volumes on Tuesday as its valuations have skyrocketed and its stock has fallen since the reelection of President Donald Trump, the recent charts point towards a weakness in the stock.
Social media sites and their users risk fragmenting along political lines in light of Donald Trump's election win, experts have told Sky News.
The Trump election and inauguration effects on Trump Media's stock appear to be over. So now Trump Media's business activities and results take on more importance.
Trump Media gifted DJT shares to six board members, SEC filings revealed. Shares were awarded to President Donald Trump's pick for FBI director, Kash Patel, Donald Trump Jr. Education secretary nominee Linda McMahon, former U.S. trade representative Robert Lighthizer, and two other directors.
Trump Media (NASDAQ: DJT) stock jumped more than 10% in morning trading on Wednesday on news it was expanding into financial services, launching Truth.Fi, which will include Bitcoin and other cryptocurrencies, exchange-traded funds (ETFs), and separately managed accounts, among other traditional investment vehicles.