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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
Donald Trump’s fledgling media firm has urged market regulators to investigate “suspicious activity” after a London-based hedge fund disclosed a vast bet against its stock.Trump Media & Technology Group, owner of the US president’s Truth Social platform, raised questions over trading by Qube Research & Technologies.Earlier this week, Qube revealed a significant short position in Trump Media via filings with Germany’s federal Gazette Bundesanzeiger. It disclosed a position of almost 6m shares, according to T ...
Trump Media warns SEC of DJT stock manipulation
Finbold· 2025-04-17 14:58
On April 17, Trump Media & Technology Group warned the Securities and Exchange Commission (SEC) that its Trump Media stock (NASDAQ: DJT) might be being manipulated. The memo, sent to acting chairman of the SEC Mark Uyeda, suggests that naked short-selling — an illegal and controversial practice — is to blame.In naked shorting, a stock is sold short without the trader first borrowing it or ascertaining that it can be borrowed. The practice was severely curtailed in 2005 through SEC Regulation SHO, which was ...
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 ...
Trump Media Launches Separately Managed Accounts
GlobeNewswire· 2025-04-15 12:00
New Partnership Debuts America-First Themed Investment Vehicles "At a time when the foundations of American prosperity are shifting, it's critical that our investment strategies reflect the values that define us," said Jon DuPrau, Managing Partner at ITG. "Made in America is more than just a theme- it's a declaration of support for businesses essential to our economy, national security, and enduring freedoms. These strategies empower investors to align their portfolios with patriotic and ethical convictions ...
Monster $105M short bet made against Trump stock
Finbold· 2025-04-15 10:39
The London-based global quantitative investment management company Qube Research & Technologies unveiled a massive $105 million short position against Trump Media (NASDAQ: DJT) in the German Federal Gazette.The filing revealed that the hedge fund established the short position – which accounts for a substantial 2.53% of DJT’s total float – on April 10, the day Trump Media stock hit its April high of $20.27.Qube Research’s short position against DJT. Source: BundesanzeigerThe position is interesting because, ...
TMTG Form S-3 Registration Statement Becomes Effective
Newsfilter· 2025-04-11 21:00
SARASOTA, Fla., April 11, 2025 (GLOBE NEWSWIRE) --  Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced that the Company's registration statement on Form S-3 (No. 333-286327) (the "Form S-3"), filed with the U.S. Securities and Exchange Commission ("SEC") on April 1, 2025, became effective today after the SEC informed the Company it will not rev ...
特朗普媒体科技集团(DJT.O)盘后上涨7%。
快讯· 2025-04-09 20:58
特朗普媒体科技集团(DJT.O)盘后上涨7%。 ...