LLC "TRUMP"
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🇺🇸Trump's Truth Social Stock Soars, Then Plunges
Truth Social's parent company, DJT, saw its stock price skyrocket over 50% at one point on Tuesday before giving up nearly all of those gains by the closing bell. The surge was reportedly driven by a wave of retail investors.
The stock's extreme volatility triggered multiple trading halts throughout the session. This follows the company's recent announcement of plans to launch a live TV streaming platform.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Trump Media & Technology Group stock (DJT) fell sharply in after-hours trading following the guilty verdict in the criminal trial of former President Donald Trump.
The share price dropped over 9% after the verdict was announced, extending a significant decline from its March peak. The company is the parent of the Truth Social platform.
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🇺🇸Trump Media Stock Plunge
Trump Media & Technology Group stock (DJT) has plummeted 47% since its public debut last month. The company is now cautioning investors about additional potential risks.
It warns of further losses due to operation costs and its ability to continue as a going concern. The stock closed at $36.38 on Friday, down from its opening price of $70.90 in late March.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Shares of Trump Media & Technology Group (DJT) fell sharply in after-hours trading Thursday, following the guilty verdict in former President Donald Trump's criminal trial in New York.
The stock dropped over 9% after the closing bell. The verdict adds another layer of uncertainty for the company, which is the parent of the Truth Social platform.
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🇺🇸Trump Media CEO Devin Nunes Sounds Alarm on "Naked" Short Selling
Devin Nunes has sent a "urgent" letter to Nasdaq CEO Adena Friedman, alleging evidence of "naked" short selling is harming DJT shareholders. The letter claims this activity, particularly by individuals working for market makers and trading firms, is driving down the share price of Trump Media & Technology Group.
Nunes asserts that this is "particularly troubling" as "Naked" short selling can facilitate market manipulation." He is urging Nasdaq to ensure transparency and prevent the abusive short selling of DJT shares.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Trump Media & Technology Group stock (DJT) fell sharply in after-hours trading following the guilty verdict in former President Donald Trump's criminal trial.
The stock dropped over 9% after the verdict was announced, continuing its volatile performance since going public. The company is the parent of the Truth Social platform.
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🇺🇸Trump Media Stock Plunge
Trump Media & Technology Group stock (DJT) has plummeted over 50% from its peak following its public debut. The company's market valuation has been cut in half, erasing billions in paper value.
The stock's extreme volatility has been noted, with its performance being closely watched due to its high-profile association with former President Donald Trump.
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🇺🇸Trump Media & Technology Group Reports Q1 2024 Financial Results
The company posted a net loss of $327.6 million for the quarter, which includes significant non-cash expenses from its merger with Digital World Acquisition Corp. Its revenue from advertising was $770,500.
The company emphasized its focus on long-term product development rather than short-term revenue, highlighting the launch of its new streaming content and the expansion of key infrastructure.
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🇺🇸Trump Media & Technology Group Reports Q1 2024 Financial Results
The company posted a net loss of $327.6 million for the quarter, which includes significant non-cash expenses from its merger with Digital World Acquisition Corp. Operational loss for the period was $12.1 million.
Revenue for the quarter was $770,500, a decrease from the prior year. The company highlighted its successful merger and the elimination of over $40 million in liabilities from convertible notes.
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🇺🇸Trump Media CEO Devin Nunes Sounds Alarm on Naked Short Selling
Devin Nunes has issued a grave warning to Congress about the "potential massive manipulation" of DJT stock. The CEO of Trump Media & Technology Group claims there is evidence of "naked" short selling, which artificially depress the share price.
Nunes has formally requested that lawmakers urge Nasdaq to ensure hedge funds and market makers comply with regulations. He provided a list of firms to the House Committee on Ways and Means for further investigation.
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🇺🇸Trump Media & Technology Group Reports Q1 2024 Financial Results
The company announced a net loss of $327.6 million for the quarter, which it primarily attributes to non-cash expenses from its recent merger with Digital World Acquisition Corp. This includes $311 million in non-cash expenses related to the conversion of promissory notes.
Operating loss for the period was $12.1 million, while the company highlighted its current financial position with over $273 million in cash and no debt.
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💎 Charlie Shrem Auctions Piece of Bitcoin History
Among the 12 lots are the first issue of Bitcoin Magazine (May 2012), a BTC symbol ring, and his personal prison diary.
Shrem is an early Bitcoin investor and co-founder of the Bitcoin Foundation. He was arrested in 2014 for his role in a scheme to sell BTC to Silk Road users and served two years in prison. The auction marks the anniversary of his release.
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🇺🇸Trump's Truth Social Stock Soars, Then Plummets
DJT shares surged over 50% on Monday following Truth Social's public debut, briefly pushing Trump's net worth above $6 billion. The rally was fueled by retail investor enthusiasm.
The stock then reversed sharply, plummeting more than 21% on Tuesday after the company reported a $58 million loss for 2023. The extreme volatility has drawn significant market attention.
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🇺🇸Trump's Truth Social Stock Tumbles as Lockup Expires
Shares of Trump Media & Technology Group (DJT) plummeted over 12% in after-hours trading. The drop coincides with the expiration of a lockup period that had prevented major shareholders from selling their stock.
This sell-off follows a weeks-long decline, erasing billions from the company's market valuation. The stock is now trading at roughly half its value since going public in late March.
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🇭🇰 Chainlink, DigiFT, and UBS Launch Tokenized Fund Project
Chainlink has announced a joint project with DigiFT and UBS. The collaboration will focus on automating operations for tokenized funds in Hong Kong.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Shares of Trump Media & Technology Group (DJT) fell sharply in after-hours trading Thursday following the guilty verdict in former President Donald Trump's criminal trial.
The stock dropped over 9% after the verdict was announced. The company is the parent of the Truth Social platform.
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🇺🇸Trump Media Reports $327.6 Million Net Loss in Q1
Trump Media & Technology Group disclosed a net loss of $327.6 million for the first quarter, a significant downturn primarily attributed to non-cash expenses linked to its merger with a special-purpose acquisition company.
The parent company of Truth Social also reported meager revenue of just $770,500 for the period, alongside operating losses of $12.1 million.
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🇺🇸Trump Media Reports Q1 2024 Financial Results
Trump Media & Technology Group Corp. has announced a first-quarter revenue of $770,500, alongside a net loss of $327.6 million. The company noted these results reflect initial operational expenses for a nascent company.
The report also highlighted the completion of its merger with Digital World Acquisition Corp., providing over $200 million in net proceeds and over $200 million in additional potential proceeds from the exercise of warrants.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Shares of Trump Media & Technology Group (DJT) plummeted 15% in after-hours trading following the guilty verdict in former President Donald Trump's criminal trial. The stock had closed the regular session down over 5%.
The verdict introduces significant uncertainty for the company, which operates the Truth Social platform. The stock's extreme volatility has been a hallmark since its public debut, with the verdict marking one of its sharpest single-day declines.
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🇺🇸Trump Media Stock Plummets After Guilty Verdict
Trump Media & Technology Group stock (DJT) fell sharply in after-hours trading following the guilty verdict in the criminal trial of former President Donald Trump.
The share price dropped over 9% after the verdict was announced. The trial involved 34 felony counts of falsifying business records.
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