While the shares of Trump Media & Technology Group (NASDAQ: DJT) have lost much of their luster since the 2024 Presidential election and possibly entered terminal decline earlier in 2026 by crashing below the $10 threshold, DJT retains the potential for a brief but powerful rally.
Trump Media & Technology reported Q1 revenues of $871K, up just 6% year-over-year, with losses ballooning to $405.8 million. DJT's expenses far outpace revenues, and the company remains deeply unprofitable even excluding non-cash items. Despite $1.87 billion in cash and investments, liquidity is constrained by locked-up assets and rising debt; positive cash flow in Q1 was driven by delayed payables.
The pitch was simple: buy the ticker, ride the brand. Two years after Trump Media & Technology Group (NASDAQ:DJT) went public in March 2024 via a merger with Digital World Acquisition Corp, the math on that trade is brutal for people who bought near the top.
Kevin McGurn helped drive the company's unexpected foray into fusion energy. Now, he will have to figure out how to manage a diverse group of businesses as its CEO.
After a significant jump between April 27 and 28, Trump Media & Technology (NASDAQ: DJT) stock short volume ratio inched higher and ended the month at its highest value in at least two weeks.
Trump Media & Technology (DJT) has taken investors on a wild ride. Unfortunately for them, it's mostly been downhill.
The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as the leader of the social media platform after a stock collapse that wiped out billions in investor wealth.Devin Nunes, a former California congressmen in Donald Trump's first term, is being replaced temporarily by digital media executive Kevin McGurn as chief executive officer. The company, Trump Media & Technology, didn't give a reason for Nunes leaving or provide a timeline for his permanent replacement.After soaring shortly before Trump's re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.Trump Media was formed by the Trump family as an alternative to social media giants that had barred him from posting on their platforms after the January 6, 2021 Capitol riots.
Trump Media and Technology Corp., which operates the social media platform Truth Social, has named Kevin McGurn as interim CEO to succeed Devin Nunes. McGurn, a former executive at T-Mobile USA, Vevo and Hulu, has been an advisor to the company since December, 2024.
Trump Media & Technology Group Corp. (NASDAQ: DJT) stock is back in focus on Monday, March 23, jumping 6% amid new developments with the ongoing war in Iran.
Having become an unofficial bet on whether Donald Trump would win the 2024 U.S. Presidential Election, the stock of Trump Media & Technology (NASDAQ: DJT) enjoyed a strong rally starting late in the summer of that year.
Trump Media & Technology Group (NASDAQ:DJT) was moving wildly in the past couple of sessions following the release of a new slate of “America-first” ETFs.
Wall Street has seen plenty of thematic ETFs, but not one with a sitting U.S. president acting as a de facto marketing engine.