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DJT

Trump Media & Technology Group Corp.

https://tmtgcorp.com

Industry

Internet Content & Information

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.

Open

26.91

Mkt cap

6.1B

Volume

19M

High

28.88

P/E Ratio

-65.35

52-wk high

79.38

Low

26.81

Div yield

N/A

52-wk low

11.75

Trump Media & Technology Group Corp (NASDAQ:DJT) reported first-quarter revenue of $770,500, missing analyst estimates of $1.12 million, and a quarterly loss of $3.61 per share. The company has $273.7 million in cash and plans to focus on long-term product development, including live TV streaming.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 1:13 pm

On Monday, major U.S. indices ended mixed with notable movements in specific stocks. Trump Media & Technology Group fell by 4.98% due to a significant quarterly loss. Marathon Digital surged by 14.76% amid a cryptocurrency rally. Zoom Video saw a slight decline ahead of its earnings report. Palo Alto Networks rose by 1.86% after beating earnings estimates. Tesla fell by 1.41% amid ongoing layoffs.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 2:24 am

Trump Media & Technology Group (NASDAQ:DJT) reported a $327.6 million loss in its first earnings report since going public, primarily due to non-cash expenses from its merger with Digital World. The company generated $770,500 in revenue from its nascent advertising initiative and remains focused on long-term product development.

Portfolio Pulse from Kaustubh Bagalkote

May 21, 2024 | 1:47 am

TMTG is prioritizing long-term product development over short-term revenue at this early stage in the company's growth.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:16 pm

Trump Media & Technology Group reported a Q1 EPS of $(3.61) and revenue of $770.5K, down from $1.12M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:03 pm

TMTG reported Q1 revenue of $770,500, primarily from its nascent advertising initiative.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:59 pm

Trump Media & Technology Group (TMTG) reported a balance of cash and cash equivalents of $273.7 million as of March 31, 2024, and a Q1 operating loss of $12.1 million. The company has completed its merger with Digital World Acquisition Corp. (DWAC) and is now focusing on expanding its Truth Social platform, including potential mergers and acquisitions and developing a live TV streaming service.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:21 pm

Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting significant market movements and company-specific news. The Dow Jones Industrial Average closed above 40,000 for the first time, while the S&P 500 and Nasdaq also saw gains. Key stories included Tesla's new Model Y lease option, Shiba Inu's potential breakout, Biden's marijuana rescheduling impacting Canopy Growth and Tilray, and Citron Research's short position on GameStop.

Portfolio Pulse from Michael Cohen

May 18, 2024 | 12:45 pm

Trump Media & Technology Group (TMTG) has sent a letter to the chairmen of several U.S. House committees, raising concerns about potential manipulation of its stock (DJT) on the Nasdaq. The letter highlights persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. TMTG requests a thorough investigation by FINRA and other regulatory bodies to address these issues.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:00 pm

Trump Media & Technology Group Corp has filed a non-timely 10-Q with the SEC, citing the timing of the appointment of SMC as the reason for being unable to complete the review of financials without unreasonable effort and expense.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:09 pm

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