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Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its brands consist of Truth Social, TMTG+, and TMTG News. TMTG is also engaged in operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a newly opened data center as the Company works to bring additional data centers into operation. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack.


NDAQ:DJT - Post by User

Comment by dart321on May 07, 2024 3:46pm
60 Views
Post# 36027417

RE:Volume Collapsing

RE:Volume CollapsingLOL, what never seen a pump crew before? Here this is what a pump crew does. They are hired by a company to boost the share price of a stock to a certain price. The cost of the pump crew will depend on what the stocks share price is before and where they need to take it. Based on this share price and where it was taken to I suspect the cost to the company would have been in the 20 million range. So how do they do this, they bring a sizable group in to trade the stock every few seconds, buy, sell,buy,sell that quick which creates huge trading volumes which in turn attracts the day traders. The stock reaches the appointed share price the pump then stops and the pump crew move onto the next pump. Meanwhile the stock they where pumping starts to show weakness and drifts lower with ever decreasing daily volumes. Over a period of time the volume drys up and the stock usually tanks lower from where it first started before the pump was underway.
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