Trump Media & Technology Group Corp. DJT shares are experiencing a decrease in trading activity during the premarket session on Tuesday. Over the past six months, the stock has seen an increase of over 94%, according to Benzinga Pro. The company, led by former President Donald Trump and responsible for the Truth Social platform, has announced plans to take action against short sellers in the future. This information was shared in an article published in an exchange filing with Just The News.
In addition to addressing short sellers, the company also mentioned upcoming streaming developments and potential mergers and acquisitions to expand its brand. Trump Media & Technology Group aims to provide a platform for documentaries, shows, and television networks that may face cancellation due to biases in the entertainment industry. With over $200 million in cash and more than 600,000 shareholders, the company is in a strong financial position. Truth Social has taken steps to address illegal short selling and is prepared to pursue criminal prosecution if necessary.
Looking ahead to the 2024 presidential election, the company plans to establish itself as a comprehensive platform for news and opinions. Updates have been made to the filing regarding the issuance of common stock and warrants. Despite the decrease in trading activity, DJT shares are currently trading at $33.94 premarket, down by 2.25%. It’s worth noting that this content was created with AI tools and has been reviewed and published by Benzinga editors. The information provided is not intended to serve as investment advice.
