India, June 23 -- Trump Media & Technology Group (DJT), the parent company of Truth Social and fintech platform Truth.Fi, announced on Monday that its board has authorized a share repurchase program of up to $400 million. The move, aimed at enhancing shareholder value, lifted the stock more than 2 percent in premarket trading.
The Florida-based firm said the buyback may include both common stock and warrants, with all repurchased shares permanently retired. CEO Devin Nunes highlighted the company's strong financial position, noting, "With approximately $3 billion in cash on our balance sheet, we're well-positioned to take actions that support shareholder returns while continuing to explore strategic growth opportunities."
Donald Trump, th...