With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26. Its performance has confounded analysts. It's gone up and down and defied Wall Street expectations.
FILE - Former President Donald Trump speaks with construction workers at the construction site of the new JPMorgan Chase headquarters in midtown Manhattan, Thursday, April 25, 2024, in New York. The stock price chart for the Trump Media and Technology Group on the NASDAQ website is seen on a computer screen in New York on Friday, April 19, 2024. FILE=The download screen for Truth Social app is seen on a laptop computer, Wednesday, March 20, 2024, in New York.
Here are some key takeaways from experts and regulator filings that help explain why Trump Media’s stock — ticker symbol DJT — has gone upTrump’s lawyers will grill ex-tabloid publisher as 1st week of hush money trial testimony wraps The stock started to trend down, but not without near-daily rises and falls on heavy trading volume. The trading has largely been driven by individual investors whom Trump Media’s CEO Devin Nunes described as believing “in our mission to create a free-speech beachhead against Big Tech.”
Trump Media’s prospects are unclear, despite optimistic statements from Trump and its executives. Nunes said last week that the company’s “financial position is very strong, particularly for a start-up tech firm at this initial stage of growth.” They “are thinking he’ll figure something out, he’s always done that,” said John Rekenthaler, vice president of research for Morningstar Research Services. “And it’s true, he always lands on his feet. But the people who invest with him, they don’t always land on their feet.”
SEC filings also warn that Trump is facing legal trouble that could jeopardize the company’s stability. A New York judge issued aagainst Trump after concluding that he and others had deceived banks and insurers by exaggerating their wealth on financial statements.falsifying business records
2021 United States Capitol Riot Social Media Trump Media Technology Group Financial Markets General News Capitol Siege DC Wire NYC State Wire FL State Wire W U.S. News Devin Nunes Stocks And Bonds Technology F X Corp. District Of Columbia Business Government And Politics P Donald Trump Jr. N Indictments U.S. Securities And Exchange Commission Politics
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump Poses a Unique Threat To Truth Social, Says Truth SocialA new SEC filing details all the ways that Trump Media thinks Donald Trump himself could be a major risk to the company.
Read more »
Trump's Truth Social spikes in first day of trading on NasdaqRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Trump’s Truth Social Rises 40% in First Day of Stock TradingSee multiple perspectives from National Review (News), Wall Street Journal (News), and NPR (Online News) at AllSides.com.
Read more »
Truth Social stock: Former President Trump's media company begins trading on NasdaqTrading in former President Trump's Trump Media & Technology Group, the parent of Truth Social, began on the Nasdaq Tuesday morning after last week's merger vote.
Read more »
Truth Social Finances Show Company is 'Bleeding Money Like Crazy'Donald Trump's social media platform, Truth Social, has released its latest financial report.
Read more »
Marjorie Taylor Greene won’t say what happened to her Trump Media stockTrump Media is the parent company of the former president's social media app, Truth Social.
Read more »