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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