Trump's Failing Media Company Desperately Scrambles to Find Scapegoat [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
Devin Nunes, a former Republican congressman himself, wrote a letter to several committees in the House of Representatives asking them to “open an investigation of anomalous trading of DJT,” CBS News reported Wednesday. $DJT is the stock symbol for Trump Media & Technology Group, which owns Truth Social. Nunes's letter , dated Tuesday, was sent to the House Judiciary, Financial Services, Ways and Means, and Oversight Committees, all of which are chaired by major Trump allies. The request comes after Nunes complained in—and was mercilessly mocked for—a different letter to NASDAQ CEO Adena Friedman last week about “ naked short selling ,” an illegal technique used to try to benefit from an asset declining in value. In normal short selling, which is legal, traders borrow stock shares before selling them, hoping to profit later by buying back the stock at a lower price. Naked short selling differs in that a trader doesn't keep their promise to borrow, dealing a severe blow to a compa
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DJT
News
- Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses [The New York Times]The New York Times
- Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500 [MSNBC.com]MSNBC.com
- Trump media company lost more than $327m in first quarter [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports Lackluster Revenues and Large Losses [The New York Times]The New York Times
DJT
Sec Filings
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- 5/15/24 - Form NT
- DJT's page on the SEC website