Trump Media shares jumped ahead of the opening bell as the market reacted to the attack on former U.S. President Donald Trump.
Trump Media shares surged over 50% in premarket trading Monday following the attempted assassination of former President Donald Trump.
In May, the Securities and Exchange Commission (SEC) charged Colorado-based audit firm BF Borgers with massive fraud. Specifically, the SEC stated that the auditor had engaged in “deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023.
Trump Media shares rose on Friday after Joe Biden called Ukrainian leader Volodymyr Zelensky "President Putin."
About the only positive for the Democrats when it comes to the June 27 debate between President Joe Biden and Republican candidate and former President Donald Trump is the catastrophe happened relatively early. Other than that, it was a huge victory for conservatives, which should then bode well for Trump Media & Technology Group (NASDAQ: DJT ).
Trump Media & Technology Group (NASDAQ: DJT ) announced this morning that it had received more than $105 million from the cash exercise of warrants between June 20 and July 1. That's up from the $69.4 million it had initially expected to receive between June 20 and 21.
Trump Media, the Truth Social maker majority-owned by former President Donald Trump, said it collected more than $105 million through the cash exercise of warrants. The company — which trades on the Nasdaq using Trump's initials, DJT, as its ticker — said it has more than $350 million in cash and no debt on its balance sheet.
Trump Media & Technology Group Corp. says that the cash exercise of warrants between June 20 and July 1, 2024, has resulted in over $105 million in cumulative proceeds.
Social media continues to be extremely popular. Today, five billion people — more than half the world's population — regularly access social media sites.
Trump Media's stock is ridiculously overvalued relative to revenue -- and it's losing money on the bottom line. Its share price is being propped up by Trump supporters and meme stock traders.
Trump Media & Technology Group , which owns social media platform Truth Social, said on Monday it has been added to the Russell Indexes as part of their annual reconstitution.
Trump Media & Technology (NASDAQ: DJT ) stock is up on Monday following the Truth Social parent company's shares joining the Russell 1000 and Russell 3000 indices. Today marks the first day of trading after DJT stock joined the Russell 1000 and Russell 3000 indices after markets closed on Friday.