This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
15.04.2024 - 15:11 / wccftech.com / Donald Trump / Rohail Saleem
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Trump Media and Technology Group (NASDAQ: DJT) appears to have caught a lot of investors by surprise after filing for the issuance of new shares in what is usually a routine affair in the de-SPAC process.
To wit, Truth Social's parent entity has now filed with the SEC to pave the way for the following transactions:
Of course, two separate disclaimers within today's filing might have played an important role in spooking investors. First, Trump Media and Technology Group has disclosed that the number of shares being offered for resale exceeds the stock's current share float:
Second, Trump Media and Technology Group has highlighted the specter of significant losses for current investors:
This development has caused Trump Media shares to slump by as much as 17 percent in the immediate aftermath. While the stock has now given up all of its post-merger gains, it is still up on a year-to-date basis.
We recently reported that the Truth Social platform raked in a paltry $4.131 million in revenue in the entire of 2023, incurring a net loss of over $58 million. Do note that Trump Media's merger with the SPAC Digital World has unlocked around $193 million in proceeds, which should be sufficient to alleviate any near-term liquidity concerns.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
, the long-running post-apocalyptic franchise's online multiplayer title, has seen a major resurgence, largely due to the success of Amazon's TV series, and tie-in promotions that gave the game away for free to Prime Gaming subscribers, or at a heavily discounted price to other players. With the game's player base larger than ever, now's a perfect time for Bethesda's latest update to the game, which expands the map and adds several new features.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
The second paid DLC for Gunfire Games’ Remnant 2, The Forgotten Kingdom, sees players returning to Yaesha to combat Lydusa, a wrathful stone spirit. There are new weapons, mods, rings and amulets to collect and bosses to tackle, but perhaps most exciting is the new Archetype – the Invoker. The developer outlines the new class and its powerful abilities in a new trailer – check it out below.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Following a mild-to-moderate outcry, Ubisoft have clarified that queasy worm gangster Jabba The Hutt isn't, in fact, a Star Wars Outlaws special edition or season pass exclusive. The apparently much-beloved star slug will appear in every edition of the game, but if you scrape together the credits for the Gold or Ultimate Editions, you'll get access to a Jabba's Gambit mission as part of the game's season pass.