In the premarket session on Tuesday, DJT shares from Trump Media & Technology Group Corp. are trading lower, despite having gained over 94% in the past six months, according to Benzinga Pro. The company, founded by former President Donald Trump, is behind the Truth Social platform and recently stated that it would be taking action against short sellers. This announcement was made in a Q&A article published in an exchange filing, where the company also hinted at potential streaming developments and mergers and acquisitions to expand its brand.
The company has more than $200 million in cash and over 600,000 shareholders, and Truth Social is actively engaging with authorities to combat illegal short selling and pursue criminal prosecution for any wrongdoing. Looking ahead to the 2024 presidential election, Trump Media & Technology Group Corp. aims to position itself as a comprehensive platform for news and opinions. The company has made amendments to its filing regarding the issuance of common stock and warrants. Despite these developments, DJT shares are currently trading lower by 2.25% at $33.94 premarket.
Trump Media & Technology Group Corp.’s plans include hosting documentaries, shows, and television networks that may be at risk of cancellation due to biases within the entertainment industry. With these plans in place, the company is looking to expand its brand beyond just social media platforms. Additionally, Trump Media & Technology Group Corp.’s founders have expressed their commitment to combating illegal short selling and pursuing criminal prosecution for any wrongdoing that may occur on their platforms.
In conclusion, despite recent gains in stock value and plans for expansion beyond social media platforms
