Trump Media shares surge after company announces expansion into financial services

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 ...