Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower in the premarket session on Tuesday.
According to Benzinga Pro, DJT stock has gained over 94% in the past six months.
Former President Donald Trump's Trump Media & Technology Group, behind the Truth Social platform, told a media house, Just The News, that it would punish short sellers going forward. The company published the Q&A article in an exchange filing.
The company also hinted about streaming developments and potential mergers and acquisitions to grow its brand.
The company said it is planning to host documentaries, shows, and television networks that are at risk of being canceled due to biases within the entertainment industry.
The company stated it is in a strong position with over $200 million in cash and more than 600,000 shareholders. Truth Social has engaged authorities to combat illegal short selling and seeks criminal prosecution if wrongdoing is confirmed.
Looking forward to the 2024 presidential election, the company aims to become a comprehensive platform for news and opinions.
The company also amended its filing about the issuance of common stock and warrants.
Price Action: DJT shares are trading lower by 2.25% to $33.94 premarket at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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