Trump Media & Technology Group Corp DJT

Communication Services

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.

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Trump Media & Technology Group Corp > No reason to buy right now

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Post by BlackBear22on Jul 22, 2024 10:48am

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No reason to buy right now

With earnings release on the horizon followed by trading of the locked up shares soon after there is no rush for buyers to climb into this stock. The shares are far more likely to come under selling pressure as the overhead supply increases. JMHO

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