Trump Media & Technology Group
Internet technology and mass media company(NASDAQ: DJT)
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Project Overview
Trump Media & Technology Group (NASDAQ: DJT) (“TMTG”) is a social media and technology focused company whose mission is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. The company is chaired by Donald Trump, the 45th and 47th President of the United States.
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Trump Media Group Shifts Focus to Crypto and Financial Services
Odaily News Trump Media & Technology Group is shifting its business focus from social media to the crypto and financial services sectors.Data shows that since Trump was re-elected in November 2024, the company's stock price has fallen by over 60%, erasing approximately $6 billion in shareholder wealth. Recently, the company applied to launch a crypto blue-chip ETF and plans to establish a Bitcoin reserve. (Associated Press)
Trump Media CEO Devin Nunes Steps Down Amid Nearly 90% Stock Decline from Peak
According to Bloomberg, Devin Nunes, CEO of Trump Media & Technology Group Corp., announced his resignation on the evening of April 22 local time. Nunes, previously a MAGA-aligned U.S. Congressman and former dairy farmer, was appointed to lead the company approximately four years ago. Since Nunes took office, Truth Social—the social media platform operated by Trump Media—has consistently failed to effectively convert the president’s political influence into commercial value. The company’s stock price has plunged nearly 90% from its all-time high.