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CalSTRS Ups Trump Media Stake Despite 'Unprecedented And World-Changing' Risks
Benzinga· 2025-05-16 18:01
In the first 100 days of 2025, as Donald Trump began his second presidential term, the stock market experienced one of its worst starts in decades, wiping out billions in investor wealth.Among those who were hurt and are now looking to play defense with investments are large pension funds.What Happened: The California State Teachers' Retirement System, also known as CalSTRS, has a large portfolio with thousands of stocks and other investments.Earlier this year, CalSTRS Chief Investment Officer Scott Chan sa ...
Trump's attorney general sold millions in Trump Media stock on 'Liberation Day'
Business Insider· 2025-05-16 14:24
A key member of President Donald Trump's administration made an especially well-timed stock trade last month, according to a disclosure made public this week. Attorney General Pam Bondi sold off her shares of Trump Media Stock on April 2 — the same day as Trump's "Liberation Day" tariff announcement, which sent stock prices plunging in the days afterward.The exact value of Bondi's shares at the time are unknown, but they were worth more than $3.9 million in December, according to documents obtained by BI a ...
Trump Media & Technology Group Corp.(DJT) - 2025 Q1 - Quarterly Report
2025-05-09 21:21
Financial Performance - Revenue for the three months ended March 31, 2025, increased by $50.7 thousand, or 7%, to $821.2 thousand compared to $770.5 thousand for the same period in 2024 [136]. - Cost of revenue surged by $243.3 thousand, or 260%, to $336.7 thousand for the three months ended March 31, 2025, primarily due to content license and data center lease costs for the Truth+ platform [137]. - Research and development expenses decreased by $20,593.7 thousand, or 62%, to $12,564.9 thousand for the three months ended March 31, 2025, driven by lower stock-based compensation [138]. - General and administration expenses fell by $39,617.1 thousand, or 61%, to $25,178.0 thousand for the three months ended March 31, 2025, mainly due to reduced stock-based compensation awards [140]. - Interest income increased significantly by $7,966.4 thousand, or 27,661%, to $7,995.2 thousand for the three months ended March 31, 2025, attributed to higher cash balances and interest earned [142]. - The total operating costs and expenses decreased by $58,766.9 thousand, or 59%, to $40,356.2 thousand for the three months ended March 31, 2025 [134]. - Interest expense decreased by $2,630.8 million, or 93%, to $186.8 million for the three months ended March 31, 2025, compared to $2,817.6 million for the same period in 2024 [143]. - The loss from the change in the fair value of derivative liabilities decreased by $225,916.0 million, or 100%, to $0.0 for the three months ended March 31, 2025, compared to $225,916.0 million for the same period in 2024 [144]. Cash Flow and Investments - As of March 31, 2025, the company reported cash, cash equivalents, and short-term investments totaling $758,981.6 thousand, with debt of $9,803.5 thousand [120]. - Net cash used in operating activities for the three months ended March 31, 2025, was $9,737.8 million, an increase of $421.8 million compared to $9,316.0 million for the same period in 2024 [153]. - Net cash used in investing activities for the three months ended March 31, 2025, was $6,310.1 million, compared to $0.0 million for the same period in 2024 [154]. - Net cash used in financing activities for the three months ended March 31, 2025, was $8,060.8 million, a decrease of $288,533.3 million compared to $280,472.5 million provided in the same period in 2024 [155]. - The company anticipates that current cash and cash equivalents will be sufficient to fund operations for at least the next 12 months [148]. - The Standby Equity Purchase Agreement allows the company to sell up to $2,500,000.0 of common stock, subject to certain conditions [149]. - As of March 31, 2025, the company has sold a cumulative total of 20,330,365 shares of common stock for prices between $14.31 and $36.98 per share, generating proceeds of $449,874.6 million [151]. Strategic Initiatives - The company plans to invest up to $250 million in financial technology, including customized separately managed accounts and exchange-traded funds [132]. - The Truth+ streaming service has been rolled out in phases, with the latest release on Roku announced on March 19, 2025 [129]. - The company is actively pursuing mergers and acquisitions to diversify its offerings and expand into new sectors [133]. - The company aims to grow its initial product, Truth Social, and expand additional product offerings, including the development of its streaming technology platform, Truth+ [147].
Trump Media & Technology Group Corp.(DJT) - 2025 Q1 - Quarterly Results
2025-05-09 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2025 Trump Media & Technolog ...
Trump Media Reports First Quarter 2025 Results
GlobeNewswire News Room· 2025-05-09 21:00
~ Ended First Quarter with $759.0 Million in Cash/Investments ~ ~ Operations Consumed Just $9.7 million of Cash Despite $10.9 Million in Primarily Legacy Legal Fees ~ ~ Diversified into FinTech and Financial Services with Launch of Truth.Fi ~ ~ Preparing to Launch Truth+ Subscription Service ~ ~ Eyeing Further Expansion through Mergers/Acquisitions ~ SARASOTA, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of ...
Trump posts AI image of himself as pope on Truth Social
Sky News· 2025-05-03 12:21
Core Points - Donald Trump posted an AI-generated image of himself in papal attire shortly after the death of Pope Francis, which has drawn significant criticism but also garnered over 100,000 likes across social media platforms [1][5][6] Group 1: Social Media Reaction - The image was shared on Trump's Truth Social account and subsequently on White House X and Instagram, receiving over 58,000 likes on Instagram and over 78,000 likes on X [5][6] - User comments on social media were predominantly negative, with many describing the image as "disgusting," "disturbing," and "offensive" [5][6] Group 2: Context of the Post - The post came just days after Trump jokingly expressed a desire to be the next pope during a press interaction [3][7] - The conclave to select a new pope is scheduled to begin on May 7, following Pope Francis's death due to a stroke and heart failure at the age of 88 [7] Group 3: Trump's Religious Background - Trump's religious views have been a topic of speculation; he was raised as a Presbyterian but later identified as a non-denominational Christian [10][11] - Despite questions regarding the depth of his faith, Trump has successfully appealed to conservative Christians and evangelicals, which has played a role in his electoral success [11]
Trump Media Reincorporates in Florida Following Annual Meeting
GlobeNewswire· 2025-05-01 12:30
SARASOTA, Fla., May 01, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media” or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, reincorporated from the State of Delaware to the State of Florida effective April 30 after Trump Media shareholders approved a proposal to do so in the Company’s annual meeting yesterday. Trump Media CEO and Chairman Devin Nunes said, “We’re thrille ...
特朗普媒体科技集团(DJT.O):展望未来,我们将评估“TRUTH+”平台变现的各种手段。
快讯· 2025-04-29 21:07
特朗普媒体科技集团(DJT.O):展望未来,我们将评估"TRUTH+"平台变现的各种手段。 ...
特朗普媒体科技集团(DJT.O):在不久的将来,计划在“真相社交平台”上为“TRUTH+”流媒体服务的用户提供优质功能。
快讯· 2025-04-29 21:07
特朗普媒体科技集团(DJT.O):在不久的将来,计划在"真相社交平台"上为"TRUTH+"流媒体服务的用户 提供优质功能。 ...
Trump Media Publishes Letter to Shareholders
GlobeNewswire· 2025-04-29 21:00
SARASOTA, Fla., April 29, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has published a letter to shareholders in advance of its annual meeting on April 30, 2025. The letter is posted at this link: https://api.mziq.com/mzfilemanager/v2/d/83a9acb7-4ada-4a58-97e4-257b49aec76b/4f84edfe-08f2-6818-e184-5a691b3f6cd8?origin=1. TMTG shareholders can find mor ...