Trump Media Announces $400M Stock Buyback Plan
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Trump Media & Technology Group (TMTG), operator of Truth Social, announced a $400 million stock buyback plan to enhance financial flexibility. This follows a 46% stock value decline this year. The buyback will retire the shares, reducing the number outstanding. TMTG reported a $400.9 million loss in 2024 and a 12% revenue drop. Despite the buyback announcement, shares only rose marginally. The company is also pursuing a separate $2.5 billion Bitcoin investment strategy.
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