Trump Media shares surge after announcing expansion into financial services including crypto and ETFs

Posted: Jan 29, 2025

  • Trump Media and Technology Group is entering the financial services sector.
  • Stock ticker $DJT, parent company of Truth Social, saw a 15% increase in premarket trading.
  • Expansion includes involvement in crypto and ETFs.
  • Trump Media and Technology Group announced expansion into financial services, including investment vehicles
  • Company shares jumped over 10%
  • Financial division known as Truth.Fi, starting with $250 million from the company
  • Investments will focus on American growth, manufacturing, and energy companies
  • Group aims to provide investment solutions to protect against censorship and privacy violations
  • Expansion comes after complaints about banks treating conservatives unfairly
  • Truth.Fi may compete with Elon Musk's X, which recently partnered with Visa for expansion beyond social media.




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