Former President Donald Trump’s Trump Media & Technology Group has announced plans to take action against short sellers in the future. The company shared this information in a Q&A article published in an exchange filing, hinting at upcoming streaming developments and potential mergers and acquisitions to expand its brand.
Trump Media & Technology Group is also planning to offer documentaries, shows, and television networks that may be at risk of being canceled due to bias in the entertainment industry. The company emphasized its strong financial position, boasting over $200 million in cash and more than 600,000 shareholders. Truth Social has taken steps to address illegal short selling and is prepared to pursue legal action if any wrongdoing is confirmed.
With an eye towards the 2024 presidential election, the company aims to establish itself as a comprehensive platform for news and opinions. Additionally, the company has made amendments to its filing regarding the issuance of common stock and warrants.
As of the latest check on Tuesday, DJT shares are trading 2.25% lower at $33.94 in the premarket session. Please note that this content was partly generated with the assistance of AI tools and has been reviewed and published by Benzinga editors.
