Trump Media & Technology Group Corp. (DJT) is currently trading lower in the premarket session on Tuesday, despite gaining over 94% in the past six months. The company, founded by former President Donald Trump, has made plans to address illegal short selling and is working with authorities to seek criminal prosecution if any wrongdoing is found.
In addition to these efforts, the company also hinted at upcoming streaming developments and potential mergers and acquisitions to expand its brand. Truth Social, the social media platform owned by DJT Media & Technology Group, plans to host documentaries, shows, and television networks that may face cancellation due to biases in the entertainment industry.
With over $200 million in cash and more than 600,000 shareholders, DJT Media & Technology Group is well-positioned for success. The company’s Q&A article published in an exchange filing revealed their plans to become a comprehensive platform for news and opinions leading up to the 2024 presidential election.
In anticipation of this development, DJT shares are currently trading 2.25% lower at $33.94 premarket. It’s important for investors to keep a close eye on this stock as it continues to grow and evolve in the coming months. Disclaimer: This content was partially generated with the assistance of AI tools and has been reviewed and published by Benzinga editors. Photos are via Shutterstock. Market News and Data are brought to you by Benzinga APIs
