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

A board member of Trump Media & Technology Corp (NASDAQ:DJT), Eric Swider, is implicated in a lawsuit for allegedly hacking and attempting a corporate coup against Patrick Orlando, the architect of the deal to take Truth Social public. The lawsuit, filed in the Southern District of Florida, accuses Swider and others of unlawfully accessing computer systems and files to oust Orlando. This legal battle adds to the challenges faced by Truth Social and its parent company, which despite legal and financial hurdles, went public last month with a valuation over $5 billion.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 2:43 am

Trump Media & Technology Group's shares are experiencing a downturn due to ongoing volatility after its Nasdaq debut, with the company forecasting operating losses for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:38 pm

Co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT), Andy Litinsky and Wes Moss, are suing Donald Trump over share lockup terms, aiming to sell their shares sooner. They accuse Trump of using the lockup to retaliate against them for a previous lawsuit regarding their stake dilution. The legal battle comes as Trump, owning 60% of TMTG, faces financial pressures from a $454 million judgment. DJT shares have dropped over 22% in the past week and over 50% from post-IPO highs.

Portfolio Pulse from Chris Katje

April 09, 2024 | 9:41 pm

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:34 pm

Former President Donald Trump's net worth declined by over $2 billion after shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) plummeted nearly 44% from their peak. The stock's downturn follows demands for an investigation into its merger with Digital World Acquisition, despite CEO Devin Nunes asserting the company's strong financial position. Trump, holding a 57% stake and unable to sell until the lockup period ends, faces significant losses.

Portfolio Pulse from Rounak Jain

April 09, 2024 | 1:20 pm

Shares of Trump Media & Technology Group Corp (NASDAQ:DJT) have plummeted, erasing all gains since its public debut. The stock dropped an additional 11% on Monday, with its value significantly reduced from its peak. The company, despite facing a $58.2 million loss last year and receiving a 'going concern' notice, remains optimistic about its future, citing no debt and substantial cash reserves. The stock's volatility has been influenced by various factors, including allegations of reliance on emergency loans for its market debut and legal challenges faced by Donald Trump.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 5:19 am

Agenus Inc. experienced a significant drop of 17% in its stock price after announcing a 1-for-20 reverse stock split. Other stocks also showed notable movements, with Auddia Inc. surging 231.7% following a new U.S. patent award, and Longeveron Inc. climbing 93.2% after submitting paperwork for a share offering. UTime Limited, U Power Limited, and several other companies also saw significant gains. Conversely, 22nd Century Group Inc. and Perion Network Ltd. were among the top losers, with sharp declines in their stock prices.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:10 pm

Trump Media & Technology Group's shares are trading lower following its Nasdaq debut, amid calls by Democrats for an inquiry into alleged influence peddling.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:03 pm

Trump Media & Technology (NASDAQ:DJT) CEO Devin Nunes defended the company's financial status amid criticism, highlighting its no-debt position and $200 million in the bank despite a $58 million loss in 2023. The company, which recently went public via a merger with Digital World Acquisition Corp. (DWAC), faced a stock price drop following the disclosure of its financial losses.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 10:48 am

Trump Media & Technology Group's shares are trading lower following its Nasdaq debut, amid calls by Democrats for an inquiry into alleged influence peddling.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.