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Could Trump’s Media Empire Be the Next Big Thing in Tech?

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs

Former President Donald Trump’s scheduling of a major rally and the launching of new technological platforms have captivated market watchers, creating positive sentiment and driving Trump’s Media & Technology Group Corp.’s stock upward. On Wednesday, Trump Media & Technology Group Corp.’s stocks have been trading up by 18.62 percent.

Recent Developments and Impact

  • Trump’s media venture launched Truth+ TV, causing shares to rise by 9.2% as it gained pre-market attention.
  • The company experienced a significant 18% rise following the release of an Android streaming app for Truth+.
  • On Sep 25, 2024, pre-bell trading saw a 6.8% increase in stock price, driven by momentum from previous sessions.

Candlestick Chart

Live Update at 16:03:18 EST: On Wednesday, October 16, 2024 Trump Media & Technology Group Corp. stock [NASDAQ: DJT] is trending up by 18.62%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

A Quick Look at Trump’s Media Earnings

The Trump Media & Technology Group, known for its rapid market movements, displayed an interesting financial melody lately. With bursty revenues that sometimes rise like a daring rollercoaster and sometimes plateau like a serene landscape, they certainly know how to keep things unpredictable. Their revenue for a recent quarter touched $836.9K, showcasing capability yet craving more. Gripping definitely has been their EBITDA standing at negative $16.52M, almost screaming whispers for improvement.

But numbers paint one picture – circumstances and market elation display another. With $3.24B in cash and no long-term debt shackling them, they’re nimblier than most. Management effectiveness is quite a concern though, with returns on assets showing a negative spectrum, a story of a sprinter lost on the track but keen to find the finish line. As many gaze into their quick ratios and debt standstill, almost party-ready, their current ratio glows confidently at 24.7. Could it be preparation for a bigger festival of growth?

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Financial sails must catch favorable winds, yet as of now, they’ve faced choppy waters in profit margins and pretax profits.

Rising Fortunes: What’s Fueling The Surge?

The decision to ride the streaming wave onto Android shores through their Truth+ TV app appears to have tickled the market’s fancy. Gushing nearly 18% after the announcement, the bulls are dancing to the tune of technological expansion. Android’s playground is vast, its player counts more compared to rivals iOS and Apple TV, where Trump’s company soon wishes to wade into.

Wall Street often thrives on innovation. Anticipated launches, whispers of new horizons – they all seek to capture stock momentum. As DJT paddled into an app release, they signaled not just ease of access, but a promise. A promise of more screens lighting up with content under their burgeoning empire. Future aspirations include enhancing their tech skeleton by rolling out CDN improvements, singing to the tune of speedy streaming and pressure-proof operations.

Possible Market Impact

This streaming venture is a bold step towards a stable seat at the media table. It’s their gambit to seize technological alignment, one that has rightfully garnered market applause. Enthusiasts see possibility in their narrative: slowly but steadily being woven into the contemporary media landscape. Could this app play be likened to a lighthouse for their longer turn bluff?

Let’s remember though, every spectacle of valor is coupled with shadows of caution. Trump Media isn’t immune to whispers of concern – the possibility of faltering consumer indulgence, spontaneous technical disruptions, or fiercely competitive counteraction might pose questions. However, if capitalized upon, correctly stirred and deftly navigated, DJT’s media ambitions may well see decorations of grandiose returns, firmly fixed on the crown of selective investors and tech pundits.

Conclusion

As this company continues to build its identity while tweaking strategies along the pathway of innovation, onlookers are left pondering their next chess move. Compromise with portion sizes, grasp onto burgeoning media technology, or pull out the stops on expansive market reach. Who knows, the right moves today might crown them as pioneers within tomorrow’s broadcasting horizon. Peering into their balance sheet and recent news, even through shifts and stumbles, optimism remains a functional currency, painting the pages of Trump Media’s ongoing story.

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”