Articles for tag: conflicts of interest, Cryptocurrency, financial services, investment options, political influence, Trump Media, Truth Social

January 30, 2025

Investing with Trump: Truth Social’s Surge Powered by Partnership with Schwab

Shares of Trump Media, the owner of Truth Social, surged over 8% after the company announced plans to expand into financial services, managing investments with Charles Schwab. This move coincided with President Donald Trump’s recent inauguration and has raised concerns about potential conflicts of interest as he is a majority owner of the company. The ...

November 29, 2024

Market News

Crypto

Trump Media’s Potential Cryptocurrency Acquisition: Implications for Stock Value and Market Dynamics Explained

Trump Media & Technology Group, known for its Truth Social platform, is currently not profitable and has limited revenue but does possess cash reserves. The company is exploring expansion opportunities, including potentially acquiring Bakkt Holdings, a cryptocurrency platform that, despite generating significant sales, is struggling with losses. While this acquisition could benefit Trump Media by ...