Out Fox The $treet

Update - May 27, 2025 Trump Media is selling $1.5B in stock and issuing $1B in senior convertible notes to buy cryptocurrencies in an odd move, probably due to the social media failing to gain any traction. Investors have no reason to buy this stock for bitcoin, instead of just front running Trump.  -Trump Media and Technology Group ( NASDAQ: DJT )  plans to raise  $2.5B in stock and senior secured notes in a private placement with ~50 institutional investors in which to create the largest Bitcoin treasury of a public company. -“We view Bitcoin as  an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets…and help defend our company against harassment and discrimination by financial institutions,” said Trump Media CEO Devin Nunes. Original Article posted on January 29 President Trump has appeared to focus on meme coins over improving Trump Media, leading to a lack of promotion for Truth Social. Meme coins TR...

 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...

Update - Sept. 11, 2024 The debate was clearly rigged, not sure why Trump agreed to a debate with biased ABC media as the moderators. Again though, the stock isn't based on whether Trump becomes President or not.  -Trump Media & Technology ( NASDAQ: DJT ) shares declined by  as much as 11%  after the U.S. presidential debate between Democratic nominee Kamala Harris and Republican Donald Trump. According to a CNN instant poll conducted by SSRS, 63% of viewers felt Harris won the debate, while 37% believed Trump was the winner. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Original article posted on Sept. 2 Trump Media faces significant downside risk with the upcoming lock-up expiration, particularly with Donald Trump's large share position and funding needed for the election. The company reported another weak quarter, with revenue below $1 million and rising expen...

Updated - May 21, 2024 Trump Media & Technology Group actually reported a dip in revenues for Q1. In addition, the media company nearly listed more retail shareholders than revenues. Truth Social continues to have virtually no business, yet the stock only slumped to $44.  Revenues fell to $770,500 from a year-ago $1.116M, and those sales largely came from  the company's "nascent advertising initiative, which will continue to evolve as TMTG implements its vision," the company said. Successfully Debuted as Public Company, and Now Has Over 621,000 Retail Shareholders. Updated - April 8  As expected, Trump Media is slumping after an initial burst following the consummation of the SPAC merger with Digital World. DJT is already down 50% from the initial highs.  Original article published on April 2  Trump Media & Technology Group Corp. completed its SPAC deal with Digital World Acquisition Corp, but shareholders now face major risks with the stock market shift...