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Trump Media & Technology Group (DJT) stock opened as much as 12% higher on Wednesday after the company announced it would expand into financial services, including cryptocurrency funds and other investment vehicles like customized exchange-traded funds. According to a press release, the company will invest as much as $250 million into the rollout, which will launch under the brand name Truth.Fi. That investment, which is less than a third of the company's total cash pile of $700 million, will be kept under the custody of Charles Schwab. Schwab will also "broadly advise" on investments and strategies. Trump Media, which operates...

In one year, Donald Trump has gone from a net worth of $2.5 billion and facing significant legal burdens, to becoming President-elect and returning to Forbes’ tally of America’s richest people, thanks to his majority stake in Truth Social’s parent company, which grew his net worth to $6.1 billion. TimelineJanuary 2024By early this year, Trump’s net worth stood around $2.5 billion, a figure Forbes determined in September 2023 for the annual Forbes 400 list of wealthiest Americans; that figure declined from his previous time in office, when his net worth reached $4 billion—although his net worth was less volatile before...

The stock has surged more than 340% since hitting a low of $11.75 a share in September. Tuesday's spike came as the Nasdaq Composite Exchange, where Trump Media shares trade, rose 0.9% and stayed on track to close the day at a record high. While the polls show that the presidential race is extremely close, the betting markets such as Polymarket are now predicting that Trump is favored to win the election. "The price of DJT closely mirrors Trump's chances in prediction markets," S3 analysts said Tuesday in a note to investors. While Polymarket last week said a sole French...

Trump Media & Technology Group stock (DJT) hit its highest level since July on Tuesday, rising as much as 10% as investors bet on former President Donald Trump's improved odds of winning the November election in exactly two weeks. Shares in the company, the home of the Republican nominee's social media platform Truth Social, have seen a recent surge as both domestic and overseas betting markets shift in favor of a Trump victory, with prediction sites like Polymarket, PredictIt, and Kalshi all showing Trump's presidential chances ahead of those of Democratic nominee and current Vice President Kamala Harris. National polls,...

Bitcoin - High for the day $68,983 - Trump Media (DJT) - High for the day $30.94

After an assassination attempt on former President Donald Trump, which sent shockwaves through the U.S. political landscape, Trump Media (NASDAQ: DJT) shares surged more than 60% in the early trading hour on Monday before retracing by 20% to the valuation of $36.89 at the latest close on July 16. However, a fact bound to raise a few questions is that short positions against Truth Social stock doubled between July 1 and July 12, going from 7 to 15 million shares, in what was a record of shares shorted for DJT stock since its trading debut. This surge indicates that individuals...

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: Austin Private Wealth with CONNECTIONS to the Bush family shorted 12M shares of $DJT via a put option on July 12, just ONE DAY before the assassination attempt. Did the Bush's know something was going to happen to Donald Trump? This massive trade represents 6% of total shares and over 16% of the float, given Trump’s 60% ownership. Their $1B AUM makes this a significant bet. Austin Private Wealth is connected to the Bush family through James A. Baker III, a Senior Policy Director with longstanding ties to the Bushes, having served as Secretary of State under George H.W....

Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social. Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company. That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels. Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.” At current prices, those new shares are valued at approximately...

Trump Media CEO Devin Nunes in his letter to [Nasdaq CEO] Friedman did not directly accuse anyone in particular of naked short selling, which is the [short] sale of stock without first having borrowed [the stock] for that purpose...But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."..."This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes said.

Trump Media, in an update to a FAQ on its website, provided tips to shareholders on how to avoid their stock being loaned out for short selling...The tips come as the share price of DJT has plunged since March 26, when the company that owns the Truth Social app began being publicly traded...Trump Media's biggest shareholder is Donald Trump...