Trump Media & Technology Group Corp.(DJT)

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Trump Media reports $400 million in 2024 losses
CNBC· 2025-02-15 00:16
Company Performance - Trump Media & Technology Group reported a 12% decline in revenue year over year, with total revenue of $3.6 million for the year [2][8] - The company's net loss widened significantly to $400.9 million from $58.2 million in 2023 [2] - The stock price of Trump Media, which debuted on Nasdaq under the ticker "DJT," has decreased about 11% year to date, giving it a market capitalization of $6.59 billion [3] Legal and Operational Challenges - The company incurred merger-related legal fees due to obstruction from the Securities and Exchange Commission [4] - A change in a revenue-sharing agreement with an advertising partner led to lower sales, and revenue has varied due to testing a new advertising initiative on the Truth Social platform [4] Strategic Focus and Management - Trump Media management does not prioritize traditional metrics like active users or average revenue per user, believing it could distract from strategic growth evaluation [5] - The company has not held an earnings call since its merger, and a trust where President Trump is the sole beneficiary owns 52% of the voting power of the company's stock [6] Financial Position - Trump Media currently holds $776.8 million in cash, cash equivalents, and short-term investments, with $9.6 million in debt [7] - The company is exploring opportunities for partnerships, mergers, and acquisitions to evolve into a holding company with subsidiaries across various industries [7]
Trump Media & Technology Group Corp.(DJT) - 2024 Q4 - Annual Report
2025-02-14 21:28
Business Combination - The company completed a Business Combination on March 25, 2024, resulting in the renaming to Trump Media & Technology Group Corp. from Digital World Acquisition Corp.[21] - The total merger consideration paid to TMTG securityholders was $875 million[41] - As of April 26, 2024, 36 million Earnout Shares were issued to President Donald J. Trump based on stock performance criteria[31] - The company has a three-year Earnout Period to determine the contingent right to Earnout Shares[30] Market Risks - The company is exposed to market risks including interest rates, credit access, and foreign currency fluctuations, which could negatively impact revenue growth and profitability[537] - The company’s investments through repurchase agreements are subject to interest rate risks, primarily affecting future earnings[538] Financial Management - The company maintains cash and cash equivalents primarily with large financial institutions, minimizing credit risk[540] - The company aims to preserve principal while maximizing income from investments, potentially investing in a variety of securities[541] - The company does not engage in trading or speculative investments and has not used derivative financial instruments to manage interest rate risk[539] - The company’s financial market risk management strategy includes maintaining a diversified portfolio of cash equivalents and various securities[541]
Trump Media & Technology Group Corp.(DJT) - 2024 Q4 - Annual Results
2025-02-14 21:16
Financial Results Announcement - Trump Media & Technology Group Corp. announced its financial results for the year ended December 31, 2024, on February 14, 2025[4]. - The press release detailing the financial and operating results is available as Exhibit 99.1[4]. Company Information - The company is listed on The Nasdaq Stock Market LLC under the symbol DJT for common stock and DJTWW for warrants[2]. - The company has not elected to use the extended transition period for complying with new financial accounting standards[3]. - The report does not include specific financial metrics or performance indicators in the provided content[5].
TMTG Reports Full-Year 2024 Results
GlobeNewswire· 2025-02-14 21:05
~ Ended 2024 with $777 Million in Cash & Short-Term Investments ~ ~ Exploring Mergers & Acquisitions across Multiple Industries, Evolving TMTG into a Holding Company ~ ~ Approaching End of Beta Testing of Truth+ Video Streaming ~ ~ Launching Truth.Fi Financial Services and FinTech Brand ~ SARASOTA, Fla., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, the video streaming service Truth+, and ...
Trump Media Applies to Register Trademarks for Financial Services Brand
PYMNTS.com· 2025-02-06 22:20
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.Fi U.S. Energy Independence SMA,” “Truth.Fi Bitcoin Plus ETF” and “Truth.Fi Bitcoin Plus SMA,” according to a press release.The i ...
Trump Media files for Bitcoin ETF as part of investment push
Proactiveinvestors NA· 2025-02-06 21:04
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Trump Media Registers Trademarks for Truth.Fi Investment Vehicles
GlobeNewswire· 2025-02-06 13:30
TMTG Quickly Advancing Plans to Launch America First-Themed ETFs, SMAs SARASOTA, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), operator of the social media platform Truth Social and the video streaming platform Truth+, is announcing today that the company has applied to register trademarks for brand names connected to the launch of its customized exchange-traded funds ("ETFs") and customized separately managed accounts ("SMAs") beginning this year. Th ...
Trump Media & Technology Trading Volume Falls Amid Expensive Valuations And Bearish Charts: Here's What Technical Analysis For DJT Stock Shows
Benzinga· 2025-02-05 09:38
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.What Happened: DJT’s trading volume was significantly lower than average as of Tuesday’s close. Only 3.53 million shares were traded compared to the average of 20.03 million.The technical analysis of its simple daily moving averages signals a downtrend with mixed momentu ...
Trump Media to Adopt Secure Payment Processing
GlobeNewswire News Room· 2025-02-03 13:30
Truth.Fi Brand to Incorporate Moov Payment Technology,Enabling Video Streaming Subscriptions SARASOTA, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG”), operator of the social media platform Truth Social and the streaming platform Truth+, is announcing today that the company has signed an agreement with the payment processor vendor Moov to handle payment processing for the Truth Social platform and the Truth+ video streaming service. The partnership will ...
Social media users risk fragmenting into silos after Trump election victory, experts warn
Sky News· 2025-02-02 02:00
Social media sites and their users risk fragmenting along political lines in light of Donald Trump's election win, experts have told Sky News.They added some of the world's biggest social media platforms fell into line behind the new US government after November's election victory. X's Elon Musk backed Mr Trump in the election and he has since taken up a federal advisory role.Meta boss Mark Zuckerberg recently announced an overhaul in his sites' content moderation, removing third-party fact-checkers in the ...