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Trump Media Publishes Letter to Shareholders
Globenewswire· 2025-04-29 21:00
Company Overview - Trump Media and Technology Group Corp. (TMTG) operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi [1][3] - The mission of TMTG is to combat perceived censorship by Big Tech and to provide a platform for free expression [3] Annual Meeting Information - TMTG has published a letter to shareholders ahead of its annual meeting scheduled for April 30, 2025 [1] - Shareholders can find details on how to vote and participate in the annual meeting at proxydocs.com/djt [2] Product Offerings - Truth Social is designed as a safe harbor for free expression amid increasing censorship [3] - Truth+ focuses on family-friendly live TV channels and on-demand content [3] - Truth.Fi is a new financial services and FinTech brand that incorporates America First investment vehicles [3]
市场消息:特朗普媒体科技集团(DJT.O)、Crypto.com和Yorkville America Digital敲定ETF发行协议。
news flash· 2025-04-22 12:14
市场消息:特朗普媒体科技集团(DJT.O)、Crypto.com和Yorkville America Digital敲定ETF发行协议。 ...
Trump Media, Crypto.com, and Yorkville America Digital Finalize Agreement for ETF Launch
Newsfilter· 2025-04-22 12:00
Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) has signed a binding agreement with Crypto.com and Yorkville America Digital to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand, marking a significant step in diversifying into financial services and digital assets [1][4]. Group 1: Partnership and Product Launch - The agreement follows a non-binding agreement signed in March, with Davis Polk & Wardwell LLP advising on the development and launch of the products [2]. - The ETFs will include digital assets and securities with a focus on American-made products across various industries, subject to regulatory approval, and are expected to launch later this year [3]. Group 2: Strategic Goals and Financial Commitment - TMTG aims to invest up to $250 million in the ETFs and Separately Managed Accounts (SMAs) using its own cash reserves, as part of its financial services and FinTech strategy [4]. - The partnership is expected to provide global distribution for the Trump Media ETFs, leveraging Crypto.com's platform [4]. Group 3: Company Background - TMTG operates Truth Social, a social media platform aimed at promoting free speech, and Truth+, a streaming platform focused on family-friendly content, alongside the new Truth.Fi financial services brand [5]. - Crypto.com, founded in 2016, has over 140 million customers and is recognized for its regulatory compliance and security in the cryptocurrency space [6]. - Yorkville America Digital specializes in branded investment products centered around digital assets and American businesses, catering to specific client needs [7].
Why Trump Media Stock Is Jumping Today
The Motley Fool· 2025-04-17 19:52
Core Viewpoint - Trump Media's stock has experienced significant gains following the company's request for the SEC to investigate alleged stock manipulation, despite still being down 34% overall [1][2]. Group 1: Stock Performance - Trump Media's stock price increased by 11.3% as of 3:30 p.m. ET, having peaked at 15.3% earlier in the day [1]. - The stock remains down 34% in the context of a 10% decline in the S&P 500 index [1]. Group 2: Allegations and Investigations - Trump Media reported suspicious trading activity and has contacted the SEC regarding a $105 million short position taken by U.K. hedge fund Qube Research & Technologies [2]. - Qube claimed to have shorted approximately six million shares, but Trump Media noted that Nasdaq data indicated only a slight increase in shorted shares from about 10.7 million to 11 million during that period [3]. Group 3: Future Outlook - The company suggested that the history of suspicious trading and lack of documentation for Qube's short position could indicate illegal naked short-selling, potentially serving as a catalyst for meme-stock activity [4]. - There remains uncertainty regarding Trump Media's fundamental business outlook, as its core social platform has been slow to scale, and the effectiveness of its expansion into financial products and services as sales drivers is still uncertain [5].
Trump Media urges regulators to investigate hedge fund's vast bet against stock
The Guardian· 2025-04-17 18:05
Core Viewpoint - Trump Media & Technology Group has requested an investigation from market regulators regarding "suspicious activity" after Qube Research & Technologies disclosed a significant short position against its stock [1][3]. Company Summary - Trump Media & Technology Group, which operates the Truth Social platform, reported that Qube has taken a short position of nearly 6 million shares, contributing to a total short interest of 10.7 million shares as of March 31, which increased to about 11 million by Wednesday [2][3]. - The company claims that the trading activity, combined with a history of suspicious trading surrounding its stock, could indicate illegal naked short selling [3]. - Shares of Trump Media rose approximately 7% in New York on Thursday, although they have declined by over one-third this year [4]. Hedge Fund Summary - Qube Research & Technologies, a hedge fund that spun out of Credit Suisse in 2018, manages about $23 billion in assets, placing it among the top 1% of hedge funds [6][7]. - The hedge fund has short positions in various UK-listed companies, including real estate firms and fashion retailer Boohoo, in addition to its position in Trump Media [8].
Trump Media warns SEC of DJT stock manipulation
Finbold· 2025-04-17 14:58
Core Viewpoint - Trump Media & Technology Group has raised concerns about potential manipulation of its stock, DJT, suggesting that illegal naked short-selling may be occurring [1][4]. Group 1: Allegations of Manipulation - The memo sent to the SEC claims that U.K.-based hedge fund Qube Research & Technologies has engaged in naked short-selling, with a reported short position of nearly six million shares [4]. - Trump Media asserts that short interest in DJT stock is approximately 11 million shares, showing little change from 10.7 million shares reported on March 31 [4]. - The company has been on Nasdaq's REG SHO Threshold List for two consecutive months in 2024, indicating failures to deliver for more than 10,000 shares [5]. Group 2: Short Interest Data - As of March 31, 2025, short interest in DJT stock was 10,702,096 shares, with an average daily share volume of 4,177,920 and days to cover at 2.56 [6]. - Previous short interest data shows fluctuations, with a peak of 12,316,616 shares on January 31, 2025, and a decline to 11,530,389 shares by February 28, 2025 [6]. Group 3: Historical Context and Responses - This is not the first instance of Trump Media alleging manipulation; CEO Devin Nunes made similar claims in April 2024, but no formal actions were taken by the SEC or NASDAQ [8]. - The company has previously communicated concerns to Congress and NASDAQ regarding stock performance and manipulation allegations [8].
Trump Media Alerts SEC to Potential Manipulation of DJT stock
Newsfilter· 2025-04-17 12:51
Core Viewpoint - Trump Media and Technology Group Corp (TMTG) has raised concerns regarding suspicious trading activities of its stock DJT, particularly focusing on potential illegal naked short selling and market manipulation by the hedge fund Qube Research & Technologies [2][3][5]. Group 1: Suspicious Trading Activity - TMTG has reported suspicious trading activities related to Qube's disclosure of a nearly six-million share short position in DJT, which raises questions about the timing and methods of Qube's trading [2][5]. - DJT stock has been on Nasdaq's Regulation SHO Threshold Security List for over two months in 2024, indicating a history of suspicious trading [3]. - TMTG has urged the U.S. Securities and Exchange Commission (SEC) to investigate these activities and ensure transparency in American equities exchanges [4]. Group 2: Short Interest Data - As of March 31, 2025, the total short interest in DJT was reported at 10.7 million shares, with third-party sources indicating it remained virtually unchanged at approximately 11 million shares as of April 16, 2025 [5]. - Qube's short sales were disclosed in Germany, raising further questions about the legitimacy and timing of these trades, as no confirmation has been provided by Nasdaq or NYSE Texas regarding when these trades occurred [5]. Group 3: Company Overview - TMTG operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a platform for free speech and family-friendly content [6].
Hedge fund reveals $105 million short against Trump Media, the owner of Truth Social
Business Insider· 2025-04-15 12:28
A hedge fund has revealed it's betting against President Donald Trump's media company. Qube Research & Technologies disclosed a net short position in Trump Media & Technology Group — representing 2.5% of the Truth Social owner's outstanding shares — in Germany's Federal Gazette on Monday. The wager is valued at about $105 million, based on TMTG's market value of about $4.2 billion.Breakout Point, the research firm that first spotted the filing, said in a note emailed to Business Insider that this was the f ...