Trump Media & Technology Group Corp. - Common Stock (DJT)
22.51
+0.24 (1.08%)
Trump Media & Technology Group Corp. is a media and technology company that focuses on developing and promoting social media platforms and digital content aimed at an audience that supports conservative viewpoints
The company is primarily known for its social networking service, which seeks to provide an alternative to mainstream platforms by emphasizing free speech and user control. Through its innovative technology solutions, Trump Media & Technology Group aims to create a dedicated digital ecosystem where users can engage, share information, and communicate in a manner that aligns with their values and interests.
SARASOTA, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- Devin Nunes, CEO and Chairman of the Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), issued the following statement today on the death of former Congressman Lincoln Diaz-Balart.
The Trump Organization, which is privately owned by President Donald Trump, recently filed a new trademark for several cryptocurrency and NFT-related items. Here's a look at what the move means and how Trump could be betting on the future growth of the metaverse.
Trump Media & Technology Group (NASDAQDJT) compensated Donald Trump Jr. $813,000 in 2024, despite his attendance at only two board meetings, accounting for nearly 25% of the company’s total revenue. The payment coincided with Trump Jr. gaining control over more than half of the company’s shares, raising questions about the firm’s financial structure and governance.
SARASOTA, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Devin Nunes, CEO and Chairman of the Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), issued the following statement today after a U.S. federal judge ruled that TMTG and Rumble (NASDAQRUM) are under no obligation to comply with orders from a Brazilian Supreme Court Justice attempting to force Rumble to take down a U.S.-based user’s accounts.
Trump Media & Technology Group (NASDAQDJT), the owner of Truth Social, and video platform Rumble have filed a lawsuit against Brazilian Supreme Court Justice Alexandre de Moraes in a U.S. federal court in Tampa, Florida. The suit alleges that de Moraes violated First Amendment rights by ordering the suspension of U.S.-based accounts of Brazilian right-wing influencer Allan dos Santos, who resides in the United States. This legal action coincides with de Moraes receiving an indictment against former Brazilian President Jair Bolsonaro, accusing him of leading a plot to retain power after his 2022 election defeat. The plaintiffs seek a judgment declaring de Moraes’s orders unenforceable in the United States, arguing that such actions undermine constitutional protections of free speech.
Trump Media & Technology Group (NASDAQDJT), the owner of Truth Social, secured $450 million by selling shares to Yorkville Advisors, a New Jersey-based investment firm. The deal represents more than half of the company’s cash on hand, reinforcing its liquidity ahead of a potential public listing. TMTG’s reliance on this financing structure signals its strategic push to sustain operations and expand its digital media presence.
Trump Media & Technology Group (NASDAQDJT), the parent company of Truth Social, is experiencing significant stock volatility. The company’s stock has seen substantial fluctuations, with a 52-week range between $11.75 and $79.38. Analysts attribute this instability to the company’s limited revenue streams and heavy reliance on former President Donald Trump’s personal brand. Recent reports indicate that DJT has a Smart Score of 1, suggesting an underperforming outlook based on various data sets.
The week will witness the release of twin inflation readings, the retail sales report for January, and a deluge of speeches by Federal Reserve officials.
Trump Media said the launch of these investment vehicles is part of its financial services and FinTech strategy that includes investment up to $250 million.
The cryptocurrency market experienced a downturn on Thursday, with the global market capitalization falling 1.4% to $3.15 trillion, amid significant developments in institutional adoption and mixed traditional market performance.
