Streetbeat News

DJT

Trump Media & Technology Group Corp.

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

Citadel's CEO, Ken Griffin, has expressed approval for the names being considered for Trump's cabinet, according to Reuters. This endorsement from a prominent figure in the financial industry could influence investor sentiment and market outlook.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:52 pm

Trump Media & Technology Group Corp (NASDAQ:DJT) has replaced its auditors, dismissing BF Borgers CPA PC and appointing Semple, Marchal & Cooper, LLP, following SEC fraud allegations against BF Borgers and its owner. The SEC charged the firm with failures to comply with PCAOB standards, leading to a $12 million penalty for BF Borgers and a $2 million penalty for its owner. Trump Media CEO Devin Nunes has also raised concerns about potential stock manipulation and anomalous trading, specifically mentioning suspected short-selling activities in DJT shares. DJT shares saw a 3.83% increase to $49.76.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 4:59 pm

Justice Juan Merchan found Donald Trump in criminal contempt for the tenth time, warning of potential jail time in future instances. This development is part of ongoing legal challenges facing the former president.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:37 pm

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:23 pm

Trump Media & Technology Group Corp dismissed its independent registered public accounting firm, BF Borgers, on May 4 and engaged Semple, Marchal & Cooper as their replacement.

Portfolio Pulse from Charles Gross

May 06, 2024 | 11:46 am

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares fell after the SEC charged its audit firm, BF Borgers CPA PC, and its owner with 'massive fraud' for failing PCAOB standards in over 1,500 SEC filings from Jan 2021 to Jun 2023. The firm agreed to a $12 million penalty, and its owner to $2 million, with both receiving permanent suspensions. This raises concerns about the accuracy of Trump Media's financial reports. CEO Devin Nunes has accused brokerage firms of stock manipulation, urging House GOP leaders to investigate.

Portfolio Pulse from Nabaparna Bhattacharya

May 03, 2024 | 4:04 pm

Trump Media & Technology Group's shares have declined following reports that the SEC has charged its audit firm with fraud. This development raises concerns about the company's financial oversight and could impact investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:37 pm

The SEC has charged audit firm BF Borgers and its owner with committing a massive fraud that impacted over 1,500 SEC filings. The allegations suggest that the firm and its owner engaged in deceptive practices that significantly affected the integrity of financial disclosures and compliance with SEC regulations. This case highlights the importance of audit quality and the potential consequences of audit failures on the broader financial reporting ecosystem.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:27 pm

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:18 pm

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