Trump Media & Technology Group (DJT 4.48%) and Meta Platforms (META 4.23%) represent different ways to invest in the social media sector. Trump Media owns Truth Social, an X-like social media platform that targets a niche of conservative-leaning users.
Shares in the Truth Social parent have been flat lately, but rallied on Monday after Congress certified Donald Trump's election win.
Artificial intelligence harms, problematic social media content, data privacy violations—the issues are the same, but the policymakers and regulators who deal with them are about to change.
In mid-July, the Pennsylvania assassination attempt against Donald Trump whipped up a media frenzy, further fueled by the revelation of an unusually large reported short position, hinting at the possibility of a far grander conspiracy.
Trump Media & Technology Group (DJT -0.06%), which owns the social media platform Truth Social, went public by merging with a special purpose acquisition company (SPAC) on March 26, 2024. Its stock opened at $70.90, sank to an all-time low of $12.15 on September 23, but now trades at about $34.
Trump Media and Technology (NASDAQ: DJT) has been one of the most volatile stocks of 2024, mirroring the unpredictable trajectory of the political landscape.
Syracuse University Associate Professor of Communications Jennifer Grygiel joins Bloomberg's Vonnie Quinn and Sonali Basak to discuss the future of social media under the upcoming administration and the fate of TikTok as it awaits the Supreme Court's decision about its potential ban in the US. They speak on "Bloomberg Markets.
Trump Media & Technology Group Corp DJT, parent company of Truth Social, just hit a technical milestone: a Golden Cross.
Very bad news. The Trump brand has topped out.
Market volatility has returned with a vengeance lately. Get ready for more ups and downs in Donald Trump second term.
Markets often quickly price in obvious news, but sentiment and long-term fundamentals like product quality and competitive advantage are key for stock performance. Stocks linked to Trump's allies have seen significant gains, but some like Roivant Sciences and Liberty Energy haven't yet outperformed and could benefit from deregulation. Tesla's 70% post-election surge seems unjustified; it's time to take profits and look for better entry points.
The move comes after Trump said in November that he had no intention of selling his shares in the company that owns Truth Social.