What's Going On With Trump Media & Technology Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly higher in the premarket session after announcing the successful launch of linear TV streaming on iOS devices. The company aims to expand its streaming services and gain full control over its tech delivery stack. DJT stock has gained over 75% in the past year.
August 07, 2024 | 1:14 pm
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POSITIVE IMPACT
Trump Media & Technology Group Corp. (DJT) shares are trading higher after the company announced the launch of linear TV streaming on iOS devices. The company plans to expand its streaming services and gain full control over its tech delivery stack.
The launch of linear TV streaming on iOS devices is a significant milestone for DJT, indicating progress in their streaming service expansion. This positive development is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple Inc. (AAPL) is indirectly mentioned as the platform through which iOS users can update the Truth Social app to access the new TV streaming feature by Trump Media & Technology Group.
While AAPL is mentioned as the platform for updating the Truth Social app, the impact on Apple's stock price is likely minimal. The news is more relevant to DJT's stock performance.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20