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Trump Media & Technology Group Corp. - $DJT STOCK NEWS

Welcome to our dedicated page for Trump Media & Technology Group news (Ticker: $DJT), a resource for investors and traders seeking the latest updates and insights on Trump Media & Technology Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trump Media & Technology Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trump Media & Technology Group's position in the market.

News
Rhea-AI Summary

Trump Media and Technology Group (TMTG) has announced its first-quarter 2024 financial results. The company successfully completed its merger with Digital World Acquisition Corp. and commenced trading on Nasdaq under the symbol DJT on March 26, 2024. As of March 31, 2024, TMTG holds $273.7 million in cash and equivalents. The company reported a GAAP loss of $327.6 million for Q1, primarily due to $311.0 million in non-cash expenses from the conversion of promissory notes. Operating loss, based on non-GAAP Adjusted EBITDA, was $12.1 million, with $6.3 million attributed to one-time merger-related expenses. Revenue for Q1 was $770,500. TMTG's live TV streaming platform is set to launch in three phases, with initial contracts signed for data center and hardware support. The company has over 621,000 retail shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.66%
Tags
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Rhea-AI Summary

Trump Media & Technology Group Corp. appointed Semple, Marchal & Cooper, LLP as its independent registered public accounting firm. The appointment was made after an evaluation process and approved by the Audit Committee. TMTG plans to seek an extension for its 10-Q filing.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
management
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Rhea-AI Summary

Trump Media & Technology Group Corp. (NASDAQ: DJT) provides information to DJT investors regarding recalling shares. The company wants to highlight actions shareholders can take to prevent lending of their shares for short selling purposes. DJT shareholders are primarily retail investors who support TMTG's mission. Shareholders have the option of recalling their shares, holding them in a cash account, opting out of securities lending programs, or moving their shares to a Direct Registration account at the Company’s transfer agent, Odyssey Transfer & Trust Company. The company clarifies the process for recalling shares and provides additional information regarding moving shares out of brokerage accounts. The release emphasizes that the information provided does not constitute investment advice and encourages investors to consult their financial advisor before making any transactions or strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.4%
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none
Rhea-AI Summary
Trump Media & Technology Group Corp. provides information to DJT investors on preventing short selling by brokerage firms. Retail investors can take specific actions to protect their shares, such as holding shares in a cash account, opting out of securities lending programs, and moving shares to a Direct Registration account at Odyssey Transfer & Trust Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.25%
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none
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Rhea-AI Summary
Trump Media & Technology Group Corp. completes R&D on its own content delivery network, preparing to launch a phased introduction of a live TV streaming platform for Truth Social, focusing on news, entertainment, and content facing censorship on other platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.17%
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none
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Rhea-AI Summary
Trump Media & Technology Group Corp. files S-1 resale registration statement with the SEC, allowing for the registration of certain shares of common stock and warrants following the business combination with Digital World Acquisition Corp. The Registration Statement does not involve any proceeds for TMTG from the resale of securities by existing security holders. The Registration Statement is subject to amendment and completion, and the prospectus can be accessed through the SEC's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.35%
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none
Rhea-AI Summary
President Donald Trump's Truth Social, operated by Trump Media & Technology Group Corp. (NASDAQ: DJT), files a 10-K report revealing Digital World Acquisition Corp.'s (DWAC) financial results for 2023. TMTG has no debt and over $200 million in the bank, aiming to expand Truth Social as a free-speech platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.04%
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none
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Rhea-AI Summary
Trump Media & Technology Group (TMTG) announces the commencement of trading on NASDAQ following a successful business combination with DWAC. TMTG's common shares will now trade under the ticker symbol 'DJT' in honor of former Chairman Donald J. Trump. CEO Devin Nunes emphasizes the company's commitment to free speech and digital freedom.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.1%
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none
Trump Media & Technology Group Corp.

Nasdaq:DJT

DJT Rankings

DJT Stock Data

8.09B
176.70M
Services-computer Programming, Data Processing, Etc.
United States of America
SARASOTA