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 (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.
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 stands to gain $250 million with social media expansion into financial services
Trump Media & Technology Group's share value surged following the announcement it's expanding into financial services.
Trump Media Announces New Push Into Finance to Support the ‘Patriot Economy’
The operator of the social-media platform Truth Social and video-streaming platform will add financial services and fintech brand Truth.Fi to its portfolio.
Trump’s Media Firm Makes Finance Push in Latest Conflicts Test
Trump Media and Technology Group Corp. said it will start a financial-services brand called Truth.Fi — the latest move by a Donald Trump-linked business to push into finance during his presidency.
Trump Media expands into fintech and cryptocurrency — and the stock leaps
The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.
Trump Media shares surge after company announces expansion into financial services
Trump Media, the parent of Truth Social, said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab.
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Trump Media Shares Rise After Planning Fintech Brand—Trump’s Net Worth Spikes Over $200 Million
The financial services brand, known as “Truth.Fi,” will focus on “American growth, manufacturing, and energy companies,” ...