President Donald Trump's net worth fell nearly $300 million Monday, continuing a months-long slide as Trump Media & Technology Group shares tumbled over 11% and reached their lowest point since October.
Shares of Trump Media fell more than 11%, accelerating the company's downward slide since President Donald Trump took office. The sell-off put Trump Media on pace for its worst day since Jan. 21, when DJT stock retreated from a pre-inauguration buying frenzy.
Holding Fills Vacancy Left by Education Secretary Linda McMahon SARASOTA, Fla., March 07, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has voted to appoint former Congressman George Holding to the TMTG Board of Directors.
SARASOTA, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- Devin Nunes, who is the CEO and Chairman of the Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG"), released a statement today regarding the passing of former Congressman Lincoln Diaz-Balart.
The stock of Trump Media & Technology Group Corp. dropped for the seventh consecutive trading day, as concerns about inflation and consumer spending continued to impact the overall market.
Reincorporation will be discussed at the TMTG Annual Meeting. On February 21, 2025, Trump Media and Technology Group Corp. (TMTG), which runs the social media site Truth Social and the streaming service Truth+, submitted its initial proxy statement to the Securities and Exchange Commission for the 2025 annual meeting.
The Board of Directors at Trump Media and Technology Group Corp. has decided to explore funding options for mergers, acquisitions, and partnerships. They have approved the creation of a strategic acquisition fund with chosen investors. This company operates the social media platform Truth Social, the streaming service Truth+, and the FinTech brand Truth.Fi.
On February 19, 2025, the American Conservative Values ETF (NYSE: ACVF), a prominent investment fund focused on conservative principles, announced a rebalancing of its portfolio after a review of risk management. The fund has included Trump Media (DJT), Olin (OLN), Sturm, Ruger (RGR), and Smith & Wesson (SWBI) in its investments. CEO and co-founder William Flaig emphasized that these companies play a key role in defending conservative voices and the right to bear arms.
The president's company, Trump Media & Technology Group, shows a clear overlap between his official responsibilities and his business interests.
Trump Media's earnings are still low, with only around $1 million reported for the fourth quarter of 2024. The company has a strong financial position, holding $777 million in cash and investments, but its stock is valued at nearly 1,800 times last year's revenue. To improve its situation, Trump Media is changing its approach by looking into mergers and acquisitions and introducing new financial products.