Trump Media & Technology Group Corp.· DJT
🇺🇸 US · MidBroad USNASDAQ
- Price
- $10.34
- Day
- +3.30%
- Mkt Cap
- $2.86B
- 52W Range
- $6.96 – $18.97
- Volume
- 4.39M
- Beta
- 4.11
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The Trump Trade strategy has stopped paying off. Will it recover?
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For up to $100,000 a month, a hedge fund can buy a licensed, low-latency pipe into Donald Trump's Truth Social account, sold by Trump Media & Technology Group (NASDAQ:DJT), where Trump is the largest shareholder through a trust controlled by his son, Donald Trump Jr.
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Trump Media launched Truth API on Saturday. Truth API sells early access to posts from prominent Truth Social users like President Donald Trump.
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Trump Media and Technology Group's launched its new paid data service on Aug. 1, providing faster access to Truth Social posts from President Donald Trump and other top accounts on the platform. The new API is designed to give firms "a direct, licensed, real-time feed of the platform's most market-moving Truths.
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Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, in a deal valuing the combined business at $638 million, according to four people familiar with the matter.
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Anson Funds Management LP bought a new position in shares of Trump Media and Technology Group Corp. (NASDAQ: DJT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 710,986 shares of the company's stock, valued at approximately $6,598,000. Anson Funds Management LP
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Truth API launches on Aug. 1.
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Trump Media wants to pull a page out of Flash Boys.
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Sens. Elizabeth Warren and Adam Schiff asked the U.S. Securities and Exchange Commission to investigate Trump Media's plan to sell faster access to President Donald Trump's Truth Social posts. The Democratic lawmakers asked SEC Chair Paul Atkins to complete a legal analysis of the "Truth API" service, including laws that "prohibit insider trading and market manipulation.
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Democratic senators Elizabeth Warren and Adam Schiff on Tuesday asked the U.S. securities regulator to probe whether Truth Social parent Trump Media's plan to sell early access to President Donald Trump's social media posts breaks the law, according to a letter reviewed by Reuters.
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High-frequency trading firms are paying up to $100,000 a month for a direct API feed to President Trump's Truth Social posts, according to Wall Street Journal reporting discussed on CNBC Friday morning.
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Plus, the U.S. gives the president more muscular military options as he considers expanding the Iran war, and we go inside Taco Bell's rush to contain cyclospora.
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