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The Wall Street Publication > Blog > Markets > Trump Media shares surge after firm proclaims growth into monetary providers
Markets

Trump Media shares surge after firm proclaims growth into monetary providers

Editorial Board Published January 29, 2025
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Trump Media shares surge after firm proclaims growth into monetary providers
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Try what’s clicking on FoxBusiness.com.

Shares of Trump Media, the father or mother of social media app Reality Social, surged on Tuesday after asserting plans to broaden into monetary providers.

Trump Media mentioned in a press launch that its board permitted an funding of as much as $250 million to be custodied by Charles Schwab.

“We look forward to launching Truth.Fi, introducing TMTG’s investment vehicles, and unlocking synergies,” mentioned TMTG CEO Devin Nunes. “Truth.Fi is a natural expansion of the Truth Social movement. We began by creating a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re moving into investment products and decentralized finance.”

Ticker Safety Final Change Change % DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 30.04 +0.51
+1.71%

“Developing American First investment vehicles is another step toward our goal of creating a robust ecosystem through which American patriots can protect themselves from the ever-present threat of cancellation, censorship, debanking, and privacy violations committed by Big Tech and woke corporations,” he added.

The Sarasota, Florida-based firm mentioned it plans to allocate these funds into varied funding choices, together with exchange-traded funds, individually managed accounts, Bitcoin, and different related cryptocurrencies.

Reuters contributed to this report.

TAGGED:AnnouncescompanyexpansionfinancialMediaservicessharesSurgeTrump
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