Trump Media & Technology Group Corp (NASDAQ:DJT), the parent company of Truth Social, is expanding into financial services with a series of investment products under the "Truth.Fi" brand, the company announced Thursday. The move aligns with themes championed by President Donald Trump, including US energy independence, domestic manufacturing, and cryptocurrency.
Trump Media & Technology Group Corp. DJT had thin trading volumes on Tuesday as its valuations have skyrocketed and its stock has fallen since the reelection of President Donald Trump, the recent charts point towards a weakness in the stock.
Social media sites and their users risk fragmenting along political lines in light of Donald Trump's election win, experts have told Sky News.
The Trump election and inauguration effects on Trump Media's stock appear to be over. So now Trump Media's business activities and results take on more importance.
Trump Media gifted DJT shares to six board members, SEC filings revealed. Shares were awarded to President Donald Trump's pick for FBI director, Kash Patel, Donald Trump Jr. Education secretary nominee Linda McMahon, former U.S. trade representative Robert Lighthizer, and two other directors.
Trump Media (NASDAQ: DJT) stock jumped more than 10% in morning trading on Wednesday on news it was expanding into financial services, launching Truth.Fi, which will include Bitcoin and other cryptocurrencies, exchange-traded funds (ETFs), and separately managed accounts, among other traditional investment vehicles.
The Trump Media company is moving into the financial service/FinTech space. The Truth.Fi platform, announced by the company Wednesday (Jan. 29) will focus on cryptocurrency and customized exchange traded funds (ETFs).
Shares of Trump Media and Technology Group surged Wednesday morning after U.S. President Donald Trump's media company announced its first move into the world of financial services.
Shares jump 15% in pre-market trading after president's social media startup announced launch of Truth.Fi
Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has been quite a volatile stock ever since it started trading in late March of 2024.
Trump Media, the parent of Truth Social, said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab.
The board approves a financial services and financial technology strategy, which includes the launch of a brand called Truth.Fi.