Trump Media & Technology Group announced plans to expand into financial services called Truth.Fi, a division focused on investment vehicles. The company will allocate up to $250 million, custodied with Charles Schwab, to customized ETFs, cryptocurrencies, and other investments. Shares of DJT surged over 15% in premarket trading following the announcement. TMTG CEO Devin Nunes framed Truth.Fi as part of a broader effort to protect conservatives from perceived financial discrimination.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Media and Technology Group announced plans to expand into financial services called TruthFi,
00:07a division focused on investment vehicles. The company will allocate up to 250 million dollars,
00:13cusseted with Charles Schwab, to customize EFTs, cryptocurrency, and other investments.
00:20Shares of DJT surged over 15 percent in pre-market trading following the announcement.
00:25TMTG CEO Devin Nunes framed TruthFi as a part of a broader effort to protect conservatives
00:31from perceived financial discrimination. For all things money, visit Benzinga.com slash GSTV.