Trump Media: Election Results Won't Drive The Business
Update - Nov. 21, 2024 The problem with Trump Media raising a bunch of cash is that management doesn't have any clear plans for building the media company. Now signs continue to suggest Trump Media is moving into the crypto segment via either building a crypto payment platform, or the purchase of Bakkt Holdings (BKKT). -Trump Media & Technology has recently filed a trademark application with plans to establish a cryptocurrency payment platform. -A report in The New York Times said that the Nov. 18 application from the parent company of social media platform Truth Social is looking to trademark the name TRUTHFI. Original article posted on Nov. 6 Trump Media & Technology Group Corp. stock rallied on Donald Trump winning the While House again, but the business fundamentals remain weak with no meaningful improvements. The media company reported weak Q3 '24 results with minimal revenues. The company lacks a clear business plan and unique offerings, with Truth Social and Tru...