DJT (Trump SPAC)

Topic

The stock ticker for the publicly traded Trump Media & Technology Group. Its high valuation is attributed to it being a 'meme stock' and a proxy for supporting Donald Trump.


First Mentioned

1/1/2026, 6:10:49 AM

Last Updated

1/1/2026, 6:15:13 AM

Research Retrieved

1/1/2026, 6:15:13 AM

Summary

Trump Media & Technology Group Corp. (TMTG), trading under the ticker DJT, is an American media and technology company headquartered in Sarasota, Florida, primarily known for its social media platform, Truth Social. Founded in early 2021 by Andy Litinsky and Wes Moss, the company is majority-owned by the Donald J. Trump Revocable Trust. TMTG went public on March 26, 2024, through a merger with the special-purpose acquisition company (SPAC) Digital World Acquisition Corp. (DWAC). The company has been characterized as a "meme stock," with a valuation often described as untethered from its financial performance and fueled by retail investors. Analysts have compared its market behavior to GameStop and described it as a modern-day "Bowie Bond" for monetizing a personal brand. By late 2025, the company expanded its scope through a $6 billion merger with fusion power company TAE Technologies and a partnership with Crypto.com to distribute digital tokens to its shareholders.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Founders

    Andy Litinsky and Wes Moss

  • Industry

    Media, Technology, Social Media, and Energy

  • Headquarters

    Sarasota, Florida, U.S.

  • Founding Date

    2021-02-08

  • Ticker Symbol

    DJT (Nasdaq)

  • Majority Owner

    Donald J. Trump Revocable Trust

  • Primary Product

    Truth Social

  • Valuation Metric

    1,244x Price-to-Sales (P/S) ratio

  • Market Capitalization

    $3.65 Billion USD (as of December 2025)

Timeline
  • Trump Media & Technology Group is founded by Andy Litinsky and Wes Moss. (Source: Wikipedia)

    2021-02-08

  • The company goes public on the Nasdaq after merging with the SPAC Digital World Acquisition Corp. (Source: Wikipedia)

    2024-03-26

  • DJT stock reaches a high of $79.38 shortly after its public debut. (Source: Web Search (Wikipedia))

    2024-03-01

  • The stock price falls to a low of $12.15, an 84 percent decline from its March high. (Source: Web Search (Wikipedia))

    2024-09-23

  • Trading of DJT is halted twice for volatility on U.S. Election Day. (Source: Web Search (Wikipedia))

    2024-11-05

  • The company changes its state of incorporation from Delaware to Florida. (Source: Web Search (Wikipedia))

    2025-04-30

  • TMTG announces a $6 billion all-stock merger with fusion power company TAE Technologies. (Source: Web Search (Investopedia))

    2025-12-01

  • The company announces plans to distribute digital tokens to shareholders via Crypto.com's Cronos blockchain. (Source: Web Search (CoinDesk))

    2025-12-31

Trump Media & Technology Group

Trump Media & Technology Group Corp. (TMTG) is an American media and technology company headquartered in Sarasota, Florida. It runs the Truth Social social-media platform and is majority-owned by the Donald J. Trump Revocable Trust. Founded by Andy Litinsky and Wes Moss in 2021, it went public on March 26, 2024, after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company (SPAC). As of December 2025 Trump Media & Technology Group has a market cap of $3.65 Billion USD.

Web Search Results
  • Trump Media & Technology Group - Wikipedia

    As of the close of business on September 23, 2024, the stock's share price had fallen to $12.15, some 84 percent below its March high of $79.38. However, over the following month, it recovered much of this loss. On November 5 (Election Day), trading was halted twice for volatility. [...] | Formerly | Trump Media Group Corp. | | Company type | Public | | Traded as | Nasdaq: DJT Russell 1000 component Nasdaq: DJTWW (warrants) | | ISIN | US25400Q1058 | | Industry | Media "Media (communication)") Technology Social media | | Incorporated | Florida (from April 30, 2025, previously Delaware) | | Founded | February 8, 2021; 4 years ago (2021-02-08) | | Founders | Andy Litinsky Wes Moss | | Headquarters | Sarasota, Florida , U.S. | [...] Trump Media & Technology Group Corp. (TMTG) is an American media and technology company headquartered in Sarasota, Florida. It runs the Truth Social social-media platform and is majority-owned by the Donald J. Trump Revocable Trust. Founded by Andy Litinsky and Wes Moss in 2021, it went public on March 26, 2024, after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company (SPAC). ## History [edit]

  • Trump Media & Technology Group Corp. ( DJT ) - Yahoo Finance

    ### [...] Florida. [...] ### New on Yahoo

  • Trump Media to distribute digital tokens to DJT shareholders

    Trump Media and Technology Group (DJT), the company behind Truth Social, said Wednesday it plans to distribute a new digital token to shareholders through a deal with Crypto.com. The token will be issued using Crypto.com’s Cronos blockchain. Trump Media said in a press release that once the program launches, each shareholder would receive one token for every whole share of DJT held. STORY CONTINUES BELOW [...] Trump Media said shareholders will be eligible to receive one digital token for every whole share of DJT held once the program launches, with additional details expected in the new year. The token will be issued on Crypto.com’s Cronos blockchain, and may come with periodic rewards tied to Trump Media products such as Truth Social, Truth+, and Truth Predict. DJT shares rose 3.18% to $12.97 in pre-market trading, while Crypto.com’s CRO token initially jumped 3.8% before paring gains. [...] $0.2836 0.69% DOGE $0.1206 2.78% ADA $0.3381 4.33% WBT $56.40 0.87% BCH $595.97 0.54% ZEC $506.02 4.39% XMR $438.80 0.73% HYPE $25.85 0.69% SPLD $0.2903 1.31% XLM $0.2022 4.80% LTC $77.19 1.44% CC $0.1474 5.31% SUI $1.4209 1.30% AVAX $12.40 1.24% HBAR $0.1081 3.40% Ad Finance Share this article X (Twitter)LinkedInFacebookEmail # Trump Media to distribute new digital tokens to DJT shareholders

  • A $6 Billion Fusion Deal Has Put Some Energy Into Trump ...

    President Donald Trump's company announced a $6 billion all-stock merger with fusion power company TAE Technologies. The combined company plans to begin building a utility-scale fusion power plant in 2026. Trump Media & Technology Group (DJT) shares entered Thursday down nearly 70% this year. They're making a chunk of it back this morning.

  • Trump Media Is Getting into Nuclear Power. Does That ...

    In the wake of the merger, let’s take a closer look at Trump Media stock. ## About Trump Media Stock Trump Media & Technology Group was formed in 2021 and went public in 2024 as part of a special purpose acquisition company (SPAC) merger with Digital World Acquisition Corp. The company has a market capitalization of about $4 billion. [...] Trump Media & Technology Group (DJT) stock is extending last week’s rally following the company’s announcement that it will merge with fusion company TAE Technologies. The stock jumped 33% immediately after Thursday’s announcement, added another 8% on Friday, and then moved higher in early trading on Monday. In all, shares are up 38% in the past five-day period. [...] Because the company is not turning a profit, the best measure of valuation is the price-to-sales (P/S) ratio. DJT stock currently has an eye-watering ratio of 1,244x, but it could be much worse. The P/S ratio was more than 1,800 earlier this year. ## DJT Stock Has Been Losing Money