On Sunday, Donald Trump endorsed the $TRUMP meme coin on Truth Social, causing its price to spike from $10.93 to $12.24 before falling back to $11.85. This endorsement led to a trading surge, with volumes increasing by 288%, making it the day’s most traded meme coin. However, the token has lost significant value since its ...
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 ...
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 ...
