Trump Media & Technology Group (NASDAQ: DJT) has escalated its fight against short sellers who bet against the social media Truth Social, named after former President Donald Trump.
The social media platform owned by former President Donald Trump has a new auditor after its last one faced regulatory scrutiny.
Trump Media submitted an updated inspection of the company's finances by a newly hired public accounting firm after its last auditor was charged with fraud. The media company is majority-owned by former President Donald Trump and trades as DJT on the Nasdaq.
The chief executive of Trump Media & Technology Group, the company behind former President Donald Trump's Truth Social platform, said Tuesday that trading irregularities in the stock are “growing even more severe,” and asked the Nasdaq to help with any potential investigation into the matter.
The unprecedented conviction of former President Donald Trump on charges many across the political spectrum agree was a stretch of the law could ignite new interest in Trump Media & Technology Group (NASDAQ: DJT ), but expect volatility from Trump Media stock. Trump may use Truth Social to amplify his views and appeal to the case.
Trump Media price movements could be seen as a measure of support for Trump—and it's still up more than 7% over the past week.
The Trump campaign debuted an official account on TikTok, the social media platform that is facing a potential ban in the U.S. Trump's Truth Social stock has taken a tumble over the past several days following the historic hush money trial verdict that found the former president guilty on 34 felony counts.
On Thursday, a Manhattan jury found former President Donald Trump guilty on all 34 counts of falsifying business records in his long-standing hush-money criminal trial. Investors and politicians everywhere are eagerly awaiting the July 11 sentencing hearing to find out whether Trump will see jail time for his convicted felonies.
Shares of Trump Media & Technology Group (NYSE: DJT ) stock are taking a tumble after it was announced that former President Donald Trump has been found guilty of all 34 felony counts regarding hush-money payments made to adult film star Stormy Daniels. Trump is now the first former president to be convicted of criminal charges, while his sentencing has been scheduled for July 11.
Shares of Trump Media and Technology Group, the parent of Truth Social, were actively traded, following the former president's conviction in a hush money criminal trial.
Donald Trump's 2024 presidential campaign said it's enjoying record success with fundraising after a jury found him guilty on all 34 counts in his Manhattan hush-money case.
Trump Media stock rallied overnight and then fell at the start of trading after Donald J. Trump was found guilty on 34 counts of falsifying business records.