Former President Donald Trump addressed speculation about selling his shares in Trump Media & Technology Group, saying he has no plans to sell and reiterates his love for Truth Social. The stock surged on the news, gaining 25%.
Results for: DJT
Several prominent investment firms, including Blackrock, Vanguard, and State Street, increased their holdings in Trump Media & Technology Group (DJT) during the second quarter. This comes despite a recent decline in the stock price, potentially linked to Trump’s return to the rival platform X (formerly Twitter). The investment could be driven by the potential for value creation due to Trump’s political ambitions and the company’s expanding media offerings.
MarketWatch’s Brett Arends has criticized Donald Trump’s $1.1 billion stock bonus deal with Trump Media & Technology Group Corp. (DJT) as a “no-lose” situation for the former president. The deal increased Trump’s stake in the company to $3.7 billion shares. Arends pointed out that the bonus terms allow Trump to gain an additional $1.26 billion worth of DJT shares if the company meets certain performance milestones. However, DJT shares have been declining in recent weeks and reached Nasdaq for alleged short-selling activity.