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 ...

President Donald Trump (C) holds a law enforcement roundtable on sanctuary cities, in the Roosevelt Room at the White House on March 20, 2018 in Washington, D.C. Trump was joined by Attorney General Jeff Sessions (L), and Homeland Security Secretary Kirstjen Nielsen, and Thomas Homan, acting director of Immigration and Customs Enforcement.President-elect Donald Trump's pick to carry out his sweeping deportation plans may be able to operate with more power, and less oversight from Congress, than some of his ...

Core Insights - President-Elect Donald Trump stated he has "no intention of selling" shares of Trump Media & Technology Group, addressing rumors to the contrary [1][2] - This statement positively impacted the stock price of Trump Media & Technology Group, which saw a rise of 16% after earlier declines [2] - Concerns regarding Trump's potential sale of shares have negatively affected the company's stock performance in recent months [3] Stock Performance - Trump Media & Technology Group's stock has experienced volatility, currently trading around $32, with fluctuations between lows of $28 and highs of $45 [3] - The stock faced significant pressure in September, dropping to nearly $12 due to worries about the expiration of lock-up agreements limiting Trump's ability to sell shares [3] - Trump's stake in the company is valued in the billions, and this is the second time he has publicly confirmed his intention to hold [4]

Donald Trump is calling for an investigation of those who spread “fake rumors or statements” that he plans to sell shares in Truth Social, his social media platform. The president-elect wrote on Truth Social this morning, “There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth. THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING! I hereby request that the people who have s ...

ToplinePresident-elect Donald Trump said on social media Friday he has “no intention of selling” his shares of Trump Media & Technology Group, Truth Social’s parent company, despite rumors and false statements he claims are circulating, and shares of the company immediately jumped 4%.Trump said “fake, untrue, and probably illegal rumors” that he is seeking to sell his shares of ... [+] Trump Media & Technology Group are false and called for people saying that to be investigated.Copyright 2024 The Associated ...

Quite ironically, once Trump Media (NASDAQ: DJT) is excluded, one would be hard-pressed to find a stock that hasn’t seen a massive rally in the wake of Donald Trump’s reelection as the President of the United States.A relatively overlooked set of companies whose shares have also seen stellar surges are the controversial American private prison firms. Two of the industry’s most prominent corporations, CoreCivic (NYSE: CXW) and Geo Group (NYSE: GEO) were even among the best-performing assets on November 7. CX ...

Investors accuse Florida businessman Patrick Orlando of diverting millions of Trump Media shares from them.Orlando was the CEO of the blank check firm that helped take Trump Media public.Plaintiffs say in a lawsuit that Orlando "engaged in malicious and intentional self-dealing." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite top ...