Reported about 21 hours ago
Trump Media and Technology Group, the parent company of the Truth Social platform, announced plans to repurchase up to $400 million of its shares, which have plummeted 46% in value this year. This buyback is aimed at enhancing financial flexibility and will lead to the retirement of the purchased shares. The company reported significant losses in 2024 and plans to fund the buyback through a separate strategy involving cryptocurrency investments.
Source: YAHOO