Checking in on Trump Media and Technology Group Corp, stock symbol DJT:
This monthly chart shows DJT’s picked up nearly 30%, although Friday’s after-hours trading cut that gain a bit. Over the same period the NASDAQ is up nearly 18% and the S&P 500 is up nearly 13%.
News? Well, President Trump authorized creation of a strategic bitcoin reserve, which is a bit bizarre since, in an emergency, the Internet would certainly become erratic, despite its elegant design, and might even disappear. No Internet, no bitcoin. This is also true if a solar flare comparable to the Carrington Event were to occur and impact Earth – at the very least, most computer communications would go down; if of sufficient magnitude, most computers would crash irrecoverably.
And so much for bitcoin miners.
But we’d have greater problems than all the cryptocurrencies disappearing, so it’s not all that important in a direct and practical manner. It’s simply President Trump trying to advance an industry that he’s become deeply enmeshed in, and, for those of us who still believe corruption is a vast societal negative, that’s a problem. Or an opportunity, as he accumulates more and more criminal charges.
I also see the Company has reincorporated in Florida:
At the Annual Meeting, the Company’s stockholders approved the reincorporation of the Company from Delaware to Florida (the “Reincorporation”). In connection with the Reincorporation, the Company filed its Articles of Incorporation (the “Articles of Incorporation”) with the Florida Secretary of State and adopted new Bylaws (the “Bylaws”). The Reincorporation became effective as of April 30, 2025. The forms of the Articles of Incorporation and Bylaws were each attached as an exhibit to the Proxy Statement. The Articles of Incorporation are filed as Exhibit 3.1 and the Bylaws are filed as Exhibit 3.2 to this Current Report on Form 8-K.
They don’t like Delaware, a traditional incorporation location because of its judicial capabilities when it comes to corporate governance? Florida is Republican?
Corporate scams are easier in Florida?
Whatever the real reason, I expect it’ll be unsavory and a segment of the American population will trust in DJT – and regret it.
But DJT’s jump in price may be due to the covert influence of those attempting to please the President for their own reasons. We live in a world where the gloriously, deliriously wealthy are jealous of each other. They compete to accumulate more wealth, more power, and more prestige, because that’s what they’ve done all their lives, and they don’t know how to change the focus of their lives to something else, such as advancing society in general. As if their wealth is independent of the society in which they live, rather than inextricably and completely dependent.
It’s a bit pathetic, really.
If we see the markets plunge again, we may or may not see DJT’s price drop even more. I’m neither a financial professional nor a clairvoyant. I’ll simply state that I won’t go anywhere near a stock which is weak enough to be manipulated, and for which the risks of manipulation are actually worth it. Predictability, the philosopher’s stone of the investor, approaches zero in these situations.
