What's Going On With Trump Media Stock On Friday?

Trump Media & Technology Group Corp. DJT saw its stock rise over 4% on Friday following an update to its Truth Social app.

The update brings an overhaul to the “Groups” feature, allowing users to join and share content based on specific themes, hobbies, or interests. The redesign introduces an explorer feed, making it easier for users to discover new groups and content, while also improving control for administrators and adding new bot mitigation and security measures.

Trump Media CEO Devin Nunes highlighted the importance of the Groups feature, emphasizing that the update makes the platform more user-friendly.

Users who haven’t yet joined any Groups were encouraged to participate in these communities to make their voices heard.

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The update is available on the web, Apple App Store for iOS, and Google Play Store for Android. Automatic updates will ensure users have the latest version without needing to take additional action.

Despite the stock’s Friday’s uptick, Trump Media’s shares have shed more than half of their value since former President Donald Trump returned to the White House.

In the third quarter of 2024, Trump Media posted just over $1 million in revenue. Analysts expect the company to release its fourth-quarter results in March 2025, though no exact date has been confirmed.

Price Action: DJT shares are trading higher by 4.56% to $20.05 at last check Friday.

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