Shares in Trump Media & Technology Group Corp. (Nasdaq: DJT) are trending higher in premarket trading this morning after President Donald Trump's media company announced a partnership deal to start providing exchange-traded funds (ETF) on the cryptocurrency exchange Crypto.com. Here's what you need to know about the deal.
Trump Media (NASDAQ: DJT), the parent company of Truth Social, is quite a unique case. Before the election, DJT shares moved to the upside were a reflection of positive momentum in Trump's campaign.
Trading volume in Trump Media stock has fallen precipitously since President Donald Trump took office, a possible sign that investors have lost interest.
President Donald Trump's net worth fell nearly $300 million Monday, continuing a months-long slide as Trump Media & Technology Group shares tumbled over 11% and reached their lowest point since October.
Shares of Trump Media fell more than 11%, accelerating the company's downward slide since President Donald Trump took office. The sell-off put Trump Media on pace for its worst day since Jan. 21, when DJT stock retreated from a pre-inauguration buying frenzy.
Trump Media & Technology Group Inc DJT stock has been in a free fall, trading at a staggering 70% discount from its 52-week high of $79.38, reached on March 26, 2024.
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.