TMTG Partners with Moov to Launch Truth.Fi Payment Technology for Truth Social and Truth+ Services

Truth.Fi will integrate Moov's payment technology for subscriptions on Truth Social and Truth+, enhancing payment flexibility and security.

Quiver AI Summary

Trump Media and Technology Group Corp. (TMTG) has announced a partnership with Moov to handle payment processing for its Truth Social and Truth+ platforms, enabling users to make payments through credit cards, ACH transfers, and debit cards. This collaboration will support TMTG's new Truth.Fi brand, which focuses on financial services and FinTech solutions, and aims to monetize its platforms through subscription packages on Truth+. TMTG plans to offer family-friendly streaming content through Truth+, leveraging Moov's secure payment technology to enhance user experience. CEO Devin Nunes emphasized the commitment to providing uncancellable platforms, while Moov's CEO highlighted the benefits of streamlined payment processing for TMTG's growth. The rollout of Truth+ subscription packages is expected this year.

Potential Positives

• Partnership with Moov enhances payment processing capabilities for Truth Social and Truth+ platforms, allowing for a broader range of payment options for users.
• Introduction of subscription packages on Truth+, which can lead to increased revenue and user engagement.
• Launch of the Truth.Fi brand, aiming to expand TMTG's offerings into financial services and FinTech solutions, potentially attracting new users and investment opportunities.
• The deal with Moov promotes enhanced security and reliability for payment processing, aligning with TMTG's commitment to user privacy and adapting to a growing demand for secure online transactions.

Potential Negatives

• Partnership with Moov suggests reliance on external payment processing, which may introduce vulnerabilities and reduce TMTG's control over transactions.
• The emphasis on 'robust privacy protections' implies potential concerns about data security and user privacy, which could undermine user trust.
• Highlighting forward-looking statements may raise red flags about the company's actual ability to execute its plans, especially given a limited operating history and lack of guarantees for future performance.

FAQ

What is the partnership between TMTG and Moov?

TMTG has signed an agreement with Moov to provide payment processing for Truth Social and Truth+ services.

How will Moov's technology enhance user experience?

Moov offers flexible payment methods and enhanced privacy protections, improving reliability and scalability for users.

What are the subscription packages offered by Truth+?

TMTG plans to introduce premium subscription packages focusing on family-friendly content and on-demand streaming options.

When will Truth+ subscription packages be available?

TMTG aims to begin rolling out Truth+ subscription packages sometime in 2025.

What is the goal of the Truth.Fi brand?

Truth.Fi aims to offer financial services and investment vehicles, enhancing TMTG's e-commerce capabilities.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$DJT Congressional Stock Trading

Members of Congress have traded $DJT stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $DJT stock by members of Congress over the last 6 months:

• REPRESENTATIVE MORGAN MCGARVEY has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/06 and 1 sale worth up to $15,000 on 11/08.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$DJT Insider Trading Activity

$DJT insiders have traded $DJT stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $DJT stock by insiders over the last 6 months:

• PHILLIP JUHAN (CFO and Treasurer) has made 0 purchases and 3 sales selling 468,941 shares for an estimated $13,846,240.
• ERIC SWIDER sold 136,183 shares for an estimated $3,844,446
• DEVIN G. NUNES (CEO, President, Chairman) sold 27,846 shares for an estimated $632,104
• SCOTT GLABE (General Counsel and Secretary) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $605,052.
• VLADIMIR NOVACHKI (Chief Technology Officer) sold 7,801 shares for an estimated $177,082
• ANDREW NORTHWALL (Chief Operating Officer) sold 3,467 shares for an estimated $78,700

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$DJT Hedge Fund Activity

We have seen 152 institutional investors add shares of $DJT stock to their portfolio, and 86 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• CAPITAL FUND MANAGEMENT S.A. added 1,008,126 shares (+inf%) to their portfolio in Q3 2024, for an estimated $16,200,584
• CITADEL ADVISORS LLC removed 533,874 shares (-96.0%) from their portfolio in Q3 2024, for an estimated $8,579,355
• BLACKROCK, INC. added 487,099 shares (+22.3%) to their portfolio in Q3 2024, for an estimated $7,827,680
• SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 384,957 shares (-36.5%) from their portfolio in Q3 2024, for an estimated $6,186,258
• VANGUARD GROUP INC added 333,105 shares (+11.6%) to their portfolio in Q3 2024, for an estimated $5,352,997
• CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 329,288 shares (+123.9%) to their portfolio in Q3 2024, for an estimated $5,291,658
• GREENWICH WEALTH MANAGEMENT LLC added 327,634 shares (+92.7%) to their portfolio in Q3 2024, for an estimated $5,265,078

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

Truth.Fi Brand to Incorporate Moov Payment Technology,




Enabling Video Streaming Subscriptions

SARASOTA, Fla., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG”), operator of the social media platform Truth Social and the streaming platform Truth+, is announcing today that the company has signed an agreement with the payment processor vendor Moov to handle payment processing for the Truth Social platform and the Truth+ video streaming service.

The partnership will provide users with flexible methods of payment including credit cards, ACH transfers, and debit cards. Harnessing Moov’s robust privacy protections and uncancellable tech stack, the deal will allow TMTG to begin monetizing aspects of its platforms and to offer subscription packages on Truth+ while laying the infrastructure for other potential e-commerce activity.

Secure payment processing will be part of TMTG’s new Truth.Fi brand, which spans financial services and FinTech solutions to be incorporated into TMTG’s platforms. The TMTG board of directors recently approved the creation of customized separately managed accounts (“SMAs”) and customized exchange-traded funds (“ETFs”) in 2025 under the Truth.Fi brand.

TMTG CEO and Chairman Devin Nunes said, “We committed to deliver uncancellable platforms to Truth users, and Moov will allow us to continue fulfilling that promise. We plan to offer premium Truth+ subscription packages that will attract viewers looking for family-friendly streaming channels and a wide array of on-demand content, all delivered at ultra-fast speed through TMTG’s proprietary streaming infrastructure.”

“TMTG is building a dynamic platform for free expression, and we’re excited to support their growth with embedded secure payment processing,” said Moov’s CEO Wade Arnold. “By eliminating intermediaries, Moov provides greater reliability and scalability, faster settlements, and a superior payment experience for their users.”

TMTG aims to begin rolling out Truth+ subscription packages this year.

About TMTG

The mission of TMTG is to end Big Tech’s s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.

About MOOV

Moov is a new kind of payment processor, built from scratch in the cloud to make payments easier for developers & businesses. With Moov, businesses accept, store, send, and spend money — all through one simple integration. Moov is driven by a give-first mindset and supports a thriving network of developers with open-source libraries and a growing community. Discover how Moov can transform your payment operations at moov.io.

Cautionary Statement About Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG. We have based these forward-looking statements on our current expectations about future events, including the rollout of products and features and the future plans, timing and potential success of our future collaborations. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date of this press release. These statements are not guarantees or indicative of future performance. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “soon,” “goal,” “intends,” or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.
Important assumptions and other important factors that could cause actual results to differ materially from those forward- looking statements include, but are not limited to, our ability to recognize the anticipated benefits of Truth.Fi and our future collaborations; the possibility that we may be adversely impacted by economic, business, and/or competitive factors; our limited operating history making it difficult to evaluate our business and prospects; our inability to effectively manage future growth and achieve operational efficiencies; our inability to grow or maintain our active user base; our inability to achieve or maintain profitability; occurrence of a cyber incident resulting in information theft, data corruption, operational disruption and/or financial loss; potential diversion of management’s attention and consumption of resources as a result of new products and strategies; and those additional risks, uncertainties and factors described in more detail under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Investor Relations Contact

Shannon Devine (MZ Group | Managing Director - MZ North America)


Email:

shannon.devine@mzgroup.us

Media Contact

press@tmtgcorp.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.