Trump Media Stock Surges on Announcement of Truth.Fi Finance Platform
Key Takeaways Shares of Trump Media and Technology Group jumped Wednesday after announcing a new financial services product.The company said it will launch a platform called Truth.Fi and also invest $250 million of its roughly $700 million in assets.
Is Trump Media & Technology Group Stock a Buy?
Trump Media's primary asset is Truth Social, the Twitter-like social media platform Trump started when he was kicked off of Twitter following the Jan. 6, 2021, riots.
Trump Media & Technology Group Stock Soars On A Nothingburger
Trump Media's strategy of diversifying into multiple sectors without establishing a strong foothold in any one area is concerning and unsustainable. Learn more on DJT stock here.
Trump Media (DJT) stock jumps 15% on $250M crypto and financial services expansion
So, Trump Media’s move into crypto aligns perfectly with the broader vision of the US President. Despite today’s surge, TMTG shares are still down some 50% versus their 52-week high of $66.
President Trump's media company to expand into financial services
Trump Media & Technology Group's share value surged following the announcement it's expanding into financial services.
Trump Media Launches FinTech Services Brand
Truth Social parent Trump Media and Technology Group said on Wednesday its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi. (Reporting by Zaheer Kachwala in Bengaluru;
DJT stock pops after Trump Media announces expansion into financial services
Trump Media & Technology Group stock opened as much as 12% higher on Wednesday after the company announced it would expand into financial services, including cryptocurrency funds
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