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Tag: NASD:DJT

  • DJT Shares Climb As Trump Media Unveils Growth Plans

    DJT Shares Climb As Trump Media Unveils Growth Plans

    Shares of Trump Media & Technology Group Corp. (NASDAQ: DJT) experienced a notable increase following the company’s announcement of a strategic expansion into financial services and financial technology. As of the latest market check, DJT stock had risen by 6.36%, reaching a trading price of $31.95.

    Introduction of Truth.Fi and Strategic Investment Moves

    The creation of a new financial services and FinTech brand, Truth.Fi, has been approved by Trump Media’s board of directors. Trump Media is the parent business of the social media network Truth Social and the video streaming service Truth+. By using this strategy, the company hopes to achieve its main objective of diversifying its operations and strengthening its financial position.

    To optimize its $700 million cash and cash-equivalent reserves, the board has authorized the transfer of up to $250 million to be held with Charles Schwab. The investing approach for these funds will include traditional financial instruments, tailored exchange-traded funds (ETFs), separately managed accounts (SMAs), and cryptocurrency-related assets such as Bitcoin.

    Forming Strategic Partnerships to Advance Development

    Trump Media has partnered with Charles Schwab to develop SMAs and oversee investment strategies for Truth.Fi. Additionally, an affiliate of Yorkville Advisors will serve as the Registered Investment Adviser for various investment products. These financial vehicles will primarily focus on American growth sectors, manufacturing, and energy industries while supporting what the company terms the “Patriot Economy.”

    A New Phase in Trump Media’s Expansion

    The introduction of Truth.Fi marks a significant evolution of Trump Media’s business model, building upon its existing free-speech social media platform and ultra-fast streaming service. With this expansion into investment products and decentralized finance, the company aims to create an ecosystem that enables American investors to safeguard their assets from perceived risks associated with mainstream financial institutions.

    Performance & Growth Impact

    With DJT maintaining an ST score of 34 and a three-month average trading volume exceeding 30 million shares, market analysts will closely watch the company’s financial sector expansion and its impact on the Internet Content & Information industry. Visit the ST screener link to learn more about the peer stock that scored higher.

  • Trump Media (DJT) Shares Surge After Streaming App Launch

    Trump Media (DJT) Shares Surge After Streaming App Launch

    Following the announcement of a new streaming application, shares of Trump Media & Technology Group Corp. (NASDAQ: DJT) experienced a notable increase. As of the latest update, DJT’s stock rose by 16.24%, reaching a trading price of $23.91. This surge reflects the market’s positive reception to the company’s latest venture.

    Launch of Truth+ Streaming App

    Today, Trump Media (DJT) unveiled its new application for Android devices, designed to provide access to the Truth+ TV streaming platform. The app is now available for download on the Google Play Store and offers a diverse range of television programming.

    Truth+ caters to various audiences by featuring content in categories such as news, entertainment, faith-based programming, weather, documentaries, and children’s shows. The platform supports both linear television channels and Video on Demand (VOD) services.

    Enhancements and Features

    Truth+ significantly expands the streaming capabilities previously available on the Truth Social platform. The new app introduces a host of features, including VOD, live television rewind with visual thumbnails, and catch-up TV options for up to seven days. Additionally, it offers network DVR functionality and a Spanish language interface, enhancing accessibility for a broader audience.

    Users can easily access the Truth+ platform by downloading the app from the Google Play Store and logging in with their existing Truth Social credentials. For those who do not have an account, the app provides a straightforward registration process.

    Future Developments and Goals

    Trump Media aims to establish a secure environment for free speech through its innovative platforms. In a relatively short period, the company has successfully launched both a social media network and a streaming service that prioritizes content often marginalized by traditional networks.

    Looking ahead, Trump Media plans to introduce native Truth+ applications for iOS devices and various connected TV platforms, including Samsung, LG, Apple TV, Android TV, and Amazon Fire. As the rollout continues, DJT intends to conduct extensive stress and beta testing of its streaming technology, actively seeking user feedback to optimize performance.