Trump Media & Technology Stock Price, News & Analysis

Trump Media and Technology Group (Nasdaq: DJT) announced that former Secretary of the Interior David Bernhardt has been appointed to its Board of Directors, replacing Kash Patel who stepped down following his confirmation as FBI Director. The company, which operates Truth Social, Truth+, and Truth.Fi platforms, views Bernhardt's appointment as strategic for its expansion plans.

CEO Devin Nunes highlighted Bernhardt's extensive background in governance, energy resources, and land management as valuable assets for TMTG's plans to diversify into new industries and explore potential mergers and acquisitions. Bernhardt served as the 53rd Secretary of the Interior from 2019 to 2021, where he led over 70,000 employees overseeing U.S. public lands. His experience includes roles as Solicitor, deputy solicitor, and various other positions within the Department of Interior, as well as leadership of the International Boundary Commission between the United States and Canada.

Trump Media and Technology Group (Nasdaq: DJT), operator of Truth Social, Truth+, and Truth.Fi, has joined Rumble in a lawsuit filed in U.S. federal court in Tampa, Florida. The legal action challenges Brazilian Supreme Court Justice Alexandre de Moraes's attempts to force Rumble to censor accounts of a U.S.-based Brazilian user.

The lawsuit aims to counter gag orders that demand account suspensions, prohibit account creation, require disclosure of account-holder information, impose daily fines, and potentially force Rumble shutdowns. TMTG CEO Devin Nunes emphasized the company's commitment to free expression, noting that compliance with these orders would directly impact TMTG's operations, as Truth Social's platform is powered by Rumble servers.

Trump Media and Technology Group (NASDAQ: DJT) reported its full-year 2024 results, ending with $776.8 million in cash and short-term investments, up from $2.6 million in 2023. The company recorded $3.6 million in net sales and $11.6 million in net interest income. Operating activities used $61 million in cash, with about half going to legal expenses.

TMTG expanded its ecosystem in 2024, enhancing Truth Social with new features like live TV and video ads, while approaching completion of beta testing for Truth+ streaming service. The company also launched Truth.Fi, a new financial services and FinTech brand, partnering with Charles Schwab for managed accounts and ETFs.

The company reported non-cash losses including $107.4 million in stock-based compensation and $225.9 million from changes in derivative liabilities. TMTG is exploring mergers and acquisitions across multiple industries as it evolves into a holding company.

Trump Media and Technology Group (DJT) has applied to register trademarks for new investment vehicles under the Truth.Fi brand. The company plans to launch customized ETFs and SMAs focused on Made in America, U.S. Energy Independence, and Bitcoin Plus themes.

The initiative is part of TMTG's financial services and FinTech strategy, which includes a $250 million investment to be custodied by Charles Schwab. The company has partnered with Yorkville Advisors, who will serve as the Registered Investment Advisor for these new financial vehicles, subject to necessary approvals.

The products aim to provide alternatives to 'woke funds' and address 'debanking problems' in the market, focusing on American energy, manufacturing, and other sectors aligned with America First principles.

Trump Media & Technology Group (Nasdaq: DJT) CEO Devin Nunes has issued a statement congratulating Michael Ellis on his appointment as Deputy Director of the Central Intelligence Agency. Ellis, who currently serves as General Counsel at Rumble, Truth Social's strategic partner, previously held the position of General Counsel for the House Intelligence Committee. Nunes praised Ellis's expertise in intelligence and national security legal matters, expressing confidence in his ability to work alongside Director Ratcliffe in reforming and depoliticizing the agency.

Trump Media and Technology Group (DJT) has announced a partnership with payment processor Moov to handle transactions for its Truth Social platform and Truth+ streaming service. The agreement will enable various payment methods including credit cards, ACH transfers, and debit cards.

The payment processing will be integrated under TMTG's new Truth.Fi brand, which encompasses financial services and FinTech solutions. The company's board has approved the creation of customized separately managed accounts (SMAs) and exchange-traded funds (ETFs) in 2025 under this brand.

TMTG plans to launch Truth+ subscription packages this year, offering family-friendly streaming channels and on-demand content through its proprietary streaming infrastructure. The Moov partnership aims to provide secure, uncancellable payment processing with faster settlements and enhanced reliability.

Trump Media and Technology Group (DJT) has announced the launch of Truth.Fi, expanding into financial services and FinTech. The company plans to invest up to $250 million of its over $700 million cash reserves through Charles Schwab, focusing on various investment vehicles including SMAs, ETFs, and cryptocurrencies.

The investment strategy will be developed in partnership with Charles Schwab, while Yorkville Advisors will serve as the Registered Investment Adviser. The investment vehicles will focus on American growth, manufacturing, energy companies, and investments strengthening the Patriot Economy.

Truth.Fi products and services are expected to launch in 2025, pending regulatory approvals and funding determinations. This expansion adds to TMTG's existing portfolio, which includes Truth Social platform and Truth+ streaming service.

Trump Media & Technology Group (Nasdaq: DJT) CEO Devin Nunes congratulates Kash Patel on his nomination as FBI Director by President-elect Trump. Nunes highlights Patel's credentials as a lawyer and investigator, emphasizing their past collaboration in exposing alleged misconduct within the Intelligence Community. Nunes expresses confidence in Patel's ability to address and rectify issues within the FBI, aiming to restore public trust in the institution.

Trump Media & Technology Group (DJT) CEO Devin Nunes has issued a statement congratulating board member Linda McMahon on her nomination as Secretary of Education in the upcoming Trump administration. Nunes praised McMahon's contributions to TMTG, highlighting her role in the company's capital markets navigation, Truth Social platform expansion, and the launch of Truth+ streaming service. He emphasized her experience in business, education, philanthropy, politics, and her previous role as Small Business Administration Administrator.