Trump Media & Technology Group (DJT -0.23%) isn't profitable or generating much revenue, but the one thing it does have is cash, and it could soon put that to work. The company's business centers around its Truth Social platform, and it has been looking at expanding into other areas as well, including streaming video.And that may not be all, as the social media business appears to have its sights set on acquiring a cryptocurrency company, Bakkt Holdings (BKKT 2.59%).What is Bakkt Holdings?Bakkt operates a p ...

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020.Tron blockchain founder Justin Sun has invested $30 million into Donald Trump's crypto project, World Liberty Financial, he announced Monday. "We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor," Sun wrote in a post on X.Sun recently made national headlines when he spent $6.2 million at a Sotheby's auction for a banana duct-taped to a wall. ...

Trump Media & Technology Group Corp DJT boasts an 82.88% gain over the past year. Yet recent months have tested the resolve of its bulls, with a 30.17% dip over six months and a 9.45% slide in the last month.The Truth Social parent company is now exploring a cryptocurrency payment service, TruthFi, as reported by the Financial Times. Is this the diversification move the stock needs to regain its upward momentum?Read Also: Trump Media Trademark Filing For ‘TruthFi’ Hints At Potential Digital Wallets, Asset T ...

SARASOTA, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) --  Trump Media & Technology Group (Nasdaq: DJT) (“TMTG”) CEO Devin Nunes today issued the following statement following President-elect Trump's announcement of his intent to nominate TMTG board member Linda McMahon as Secretary of Education: "Linda is an extremely valuable board member who is amazing to work with and has been instrumental in helping TMTG navigate the capital markets, expand the Truth Social platform, and stand up our TV streaming service, Trut ...

Donald Trump will certainly be the next President of the United States, but the fate of his latest venture, Trump Media & Technology Group (NASDAQ: DJT) is less clear.Throughout 2024, DJT stock has seen wild price swings — particularly as the election drew close in tandem with neck-and-neck polling numbers. Not all of the developments were positive — at times, short interest was massive, the stock crashed by double digits, and trading was even halted twice.At press time, DJT shares were trading at  $32.78 — ...

Some insiders have been selling Trump Media stock, but what's Donald Trump doing?Trump Media (DJT 4.11%) stock saw big sell-offs across last week's trading. The company's share price closed out the period down 11.9% from the previous week's market close, according to data from S&P Global Market Intelligence.Trump Media continued to see sell-offs this past week as investors took profits on the run-up the stock saw around the election. Three company insiders sold shares, which seems to have also caused other ...

Trump in front of Presidential seal (Photo by Tasos Katopodis/Getty Images)Getty Images Yes, the "Trump" name remains, but DJT's brand valuation is slipping. No longer does Donald Trump need Truth Social for communication or DJT stock for clout.So, why is that bad news? Because Trump Media's weak fundamentals are beginning to outweigh the former Trump-brand, meme-stock popularity.This about-face valuation shift is not unusual for SPAC-merger companies. Most are now selling well below their original $10 offe ...

As one of the most volatile stocks of 2024, Trump Media (NASDAQ: DJT) has experienced wild price swings throughout the year. The budding media business’s stock price hasn’t correlated with fundamentals at all — instead, it largely reflected public perception of Donald Trump, particularly with regard to his now-successful bid for the White House.That same volatility made DJT a prime choice for short-term traders willing to take on significant risk, many of whom doubtlessly made triple-digit returns from the ...

Truth+ Content Delivery Network Operating from Sites Across the Country SARASOTA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, is announcing today that it has completed the initial deployment of its cross-country network of data centers that power its custom-built content delivery network ("CDN"), and all planned data centers are now fully operational. The Company’s CDN is the technological ...

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures.Most of the stock was sold by CFO Phillip Juhan, who in August adopted a trading plan that revealed his intention to sell 400,000 DJT shares by December 2025.Trump Media director Eric Swider and Glabe Scott, the company's general counsel, each sold fewer shares of the company, whose majority owner Donald Tr ...