DJT rises keep reversinggettyThe Trump election and inauguration effects on Trump Media’s stock appear to be over. So now Trump Media’s business activities and results take on more importance.By the end of February, the company will furnish its 2024 annual report. Besides the revenues, earnings, cash flow, and other material information, investors should expect fulsome descriptions of management's views, strategies, and outlooks.However, management has provided little such information in the past quarterly ...

Kash Patel, U.S. President Donald Trump's nominee to be director of the FBI, looks on as he testifies before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025.Trump Media this week gifted thousands of shares of company stock to President Donald Trump's nominee for FBI director, Kash Patel, to Trump's eldest son and to four other board members, new regulatory filings show.The company awarded 25,946 stock shares each to Patel, Donald Trump Jr. and the pres ...

The Trump Media company is moving into the financial service/FinTech space.The Truth.Fi platform, announced by the company Wednesday (Jan. 29) will focus on cryptocurrency and customized exchange traded funds (ETFs).According to the announcement, the new offering will feature separately managed accounts, ETFs and bitcoin investments in partnership with Charles Schwab, which will “broadly advise” on investments and strategy. The company will invest up to $250 million of its $750 million to be held by Schwab. ...

Key TakeawaysShares of Trump Media and Technology Group jumped Wednesday after announcing a new financial services product.The company said it will launch a platform called Truth.Fi and also invest $250 million of its roughly $700 million in assets.Trump Media and Technology Group plans to launch Truth.Fi in 2025. Shares of Trump Media and Technology Group surged Wednesday morning after U.S. President Donald Trump's media company announced its first move into the world of financial services. Trump Media (DJ ...

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has been quite a volatile stock ever since it started trading in late March of 2024. Soon after, it became apparent that DJT stock wouldn’t trade in accordance with its fundamentals, or even its growth prospects — but as a reflection of public sentiment surrounding then-candidate and now-President Donald Trump.Double-digit surges and crashes aren’t anything out of the ordinary for Trump Media stock. On November 18, the announc ...

Shares of Trump Media, the parent of social media app Truth Social, surged on Tuesday after announcing plans to expand into financial services. The company's stock climbed as much as 17% in premarket trading on the news.Trump Media said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab. "We look forward to launching Truth.Fi, introducing TMTG’s investment vehicles, and unlocking synergies," said TMTG CEO Devin Nunes. "Truth.Fi is a natural expan ...

Core Insights - Trump Media and Technology Group (TMTG) is expanding into financial services with a new division called Truth.Fi, which will focus on investment vehicles [2][3] - The company plans to start with an initial investment of up to $250 million, which will be managed by Charles Schwab and allocated to customized exchange-traded funds and cryptocurrencies [2] - TMTG aims to create a robust ecosystem for American conservatives to protect themselves from perceived threats from big tech and financial institutions [3][5] Company Developments - Truth.Fi will launch products and services, including its own investment vehicles, later this year [2] - The expansion into financial services is seen as a natural progression from the company's existing offerings, which include a social media platform and a TV streaming service [3] Market Reaction - Shares of TMTG, trading under the ticker DJT, experienced a more than 15% increase in premarket trading following the announcement of the new financial services division [1]

TMTG Launches Truth.Fi Brand, Plans to Build Investment Vehicles Based on America-First Principles SARASOTA, Fla., Jan. 29, 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’s board of directors has approved a financial services and financial technology strategy, which will include the launch of the financial services and FinTech brand Truth. ...

Trump Media (DJT -2.50%) stock saw a significant valuation pullback over the last week of trading. The company's share price closed out the weekly session down 18.3%, according to data from S&P Global Market Intelligence. The sell-off came despite a 1.7% gain for the S&P 500 index and a 1.6% gain for the Nasdaq Composite index.Trump Media stock lost ground over the last week due to a "buy the rumor, sell the news" dynamic following President Trump's inauguration. The company's share price also appears to ha ...

Facebook owner Meta has denied claims from some users that they have been "forced" to follow social media accounts belonging to the Trump administration.Users on Facebook and Instagram have claimed they found they were "automatically" following the official accounts of Donald Trump and JD Vance following their inauguration on Monday. The claims come after Mark Zuckerberg's Meta made a number of policy changes to its social media apps which better aligned them with the Trump administration.But Meta has denie ...