Trump Media Stock: Everything To Know

Trump Media Stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know

Trump Media & Technology Group (TMTG), founded by former President Donald Trump, operates as a media and technology company. The company’s primary focus lies in providing a platform for free and open communication, mainly through its social media platform, Truth Social.

What They Do

TMTG runs Truth Social, a social media platform that champions free speech and open dialogue. Users can create content, follow others, and engage in global conversations on this platform.

Stock Price

As of September 11, 2024, Trump Media’s stock (DJT) trades at approximately $16.64, dropping 10.69% from the previous day. Political events and market conditions have significantly influenced the stock, causing notable volatility in its price.

Founders

The company was co-founded by Andy Litinsky and Wes Moss in 2021. Both founders were former contestants on Trump’s TV show, “The Apprentice”³.

CEO and CFO

• CEO: Donald Trump, the former President of the United States, serves as the CEO of TMTG¹.
• Also CFO: The current CFO is not publicly disclosed in the latest reports¹.

Revenue

For the second quarter of 2024, TMTG reported revenue of $836,900, showing a 30% decline from the previous year. The company also disclosed a net loss of $16.4 million during this period.

Founded

Donald Trump established Trump Media & Technology Group in 2021. The company went public on March 26, 2024, after merging with Digital World Acquisition Corp., a special-purpose acquisition company (SPAC).

President

The President of TMTG is not explicitly mentioned in the latest reports, but Donald Trump holds a significant leadership role as the CEO¹.

Analyst Forecast

Analysts have mixed views on TMTG’s stock. The recent decline in stock price following political events, such as debates. And also market reactions, has led to cautious outlooks. The expiration of the lockup period on September 19, 2024, is also a critical factor that could influence the stock’s future performance²⁴.

What’s New and Updates

• Stock Performance: The stock has been highly volatile, with significant drops following political events and debates².
• Also Revenue Decline: The company reported a 30% decline in revenue for Q2 2024⁴.
• Lockup Period: The expiration of the lockup period on September 19, 2024, could lead to further stock volatility as insiders may begin selling shares⁴.

Trump Media & Technology Group is a prominent player in the media and technology sector, primarily through its Truth Social platform. Despite facing challenges such as revenue declines and stock volatility. The company remains a significant entity due to its association with Donald Trump. Investors and analysts are closely watching the company’s performance, especially with upcoming events like the expiration of the lockup period.